INSURANCE

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Prudential Moving $50B Brokerage, Advisory Unit To LPL

by FA Staff

The unit's 2,600 financial professionals will be moving from Fidelity Investments, Prudential announced.

'Poor Man's Cocaine' Costing $3 A Pill Threatens To Proliferate

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The drug is produced in the Middle East, but experts say it could spread to Europe and possibly the U.S.

How The Maui Wildfires Became So Destructive, So Fast

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Heavy winds have fueled an inferno that has seared a landscape of invasive grass covering many thousands of acres.

Florida's 'Last Resort' Property Insurer Is Now State's Biggest

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The number of properties insured by the nonprofit Citizens Property Insurance Corp. has tripled since 2020.

S&P Sees Long-Term Rating Risk To California As Home Insurers Retreat

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Higher premiums could intensify the exodus from the Golden State, S&P says.

The Ins And Outs Of The '1035 Exchange'

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This tax-saving tool an be a boon to some clients and a minefield for others.

Does Travel Insurance Cover Extreme Heat?

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There are ways to protect trip costs from heat-related consequences.

Trump Leads Biden Among Voters Over 50 In Battlegrounds, AARP Survey Finds

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Issues concerning older Americans could be key in next year's elections, the group found in a new survey.

Investment Victims Sound Alarm On 'Broken' RIA Arbitration System

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“We won't stop until the process is fair,” the PIABA's president said at a press conference yesterday.

Buffett's Florida Bet Bodes Well For Troubled Insurance Market

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Resurgent risk appetite from reinsurers suggests the acute phase of the state's property crisis may be ending.

U.S., U.K. May Face Permanently High Interest Rates Thanks To Aging Populations

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Workers will struggle to match the spending needs of an aging population, causing higher long-term structural inflation.

Doomed Submersible's Waivers Aren't Enough To Ward Off Lawsuits

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Waivers are less likely to hold up in court if there's “gross negligence.”

Should People Enroll In Medicare At 65?

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There are several factors that go into deciding when to enroll in Medicare.

Health-Insurer Stocks Drop As UnitedHealth Warns Of Rising Medical Costs

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Health insurance companies are highly sensitive to fluctuations in medical costs.

Climate Change And Homeowners' Insurance Are On A Collision Course

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Natural-disaster losses from 2020 to 2022 in the U.S. caused a record $275 billion in insured damages.

Wealthspire Acquires $1B AUM Richmond-Area RIA

by FA Staff

ACG Wealth Management brings along a retirement plan division.

Allstate Joins State Farm In Halting New Homeowner Policies In California

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The insurers cited the high risk for wildfires, cost of rebuilding and price controls as reasons for the decision.

HSAs Offer Untapped Retirement Benefits For Wealthy, Advisors Say

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Wealthy individuals need to take advantage of the savings potential offered by HSAs, advisors say.

Some Good News (At Last) For Long-Term Care Insurance

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But skeptics say it's too soon to cheer.

Biden-McCarthy Debt Limit Deal Puts Government Services On A Diet

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The deal doesn't touch most of the fast-growing entitlement programs like Medicare, Social Security or Medicaid.

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