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U.S. Life Expectancy Drops for 3rd Consecutive Year

By | November 29th, 2018|Categories: News Alerts|

In 2017, according to the Center for Disease Control and Prevention's National Center for Health Statistics (NCHS), the average American could expect to live 78.6 years.  That's a shorter life expectancy than in 2016 and [...]

NAIC “Enhanced” Annuity Suitability Draft Has Its Critics

By | October 30th, 2018|Categories: News Alerts|

An NAIC working group has developed a draft regulation imposing tougher annuity suitability standards, but the proposal doesn't go nearly far enough for some interested parties, including a consumer representative who often weighs in critically [...]

NAIC Annuity Suitability Group is “Deeply Split” over In-Force Policy Issue

By | October 23rd, 2018|Categories: News Alerts|

The National Association of Insurance Commissioners (NAIC) Annuity Suitability Working Group--which is plodding its way through creation of an enhanced suitability regulation for annuities--is divided on whether to apply the tougher standards to in-force transactions.  [...]

NAIC Moves Forward with New Approach to Annuity “Suitability”

By | October 15th, 2018|Categories: News Alerts|

State regulators on the NAIC Annuity Suitability Working Group--which is charged with revamping the NAIC's model annuity suitability regulation in light of growing interest in "best interest" standards--will meet in Chicago on October 22-23.  The [...]

The DOL Fiduciary Duty Rule Is Dead

By | June 21st, 2018|Categories: News Alerts|

On June 21, the 5th Circuit Court of Appeals issued a mandate that made effective the Court's March 15 decision vacating - in full - the Department of Labor (DOL) fiduciary duty rule.  The mandate [...]

Life Agents to DFS: Suspend Reg 187 Effort So All Parties Can Discuss Issues, Ideas

By | June 19th, 2018|Categories: New York Issues, News Alerts|

Life Agents to Regulators: Slow Down So We Have a Chance to Chat - NAIFA-NYS Advocating DFS to Suspend Reg 187 Effort Until All Interested Parties Can Roundtable Issues and Ideas   Albany, New York, [...]

GMR Legislative Breakfast: A Real Eye-Opener

By | June 15th, 2018|Categories: Member News|

The Greater Metro Region (GMR) is rebuilding itself after years of struggle, and the latest GMR legislative event, held on June 1 in Uniondale, proved that, slowly but surely, GMR members are coming back.  The [...]

Hudson Valley Takes Its Legislative Breakfast to the Diner

By | June 15th, 2018|Categories: Member News|

Diners are great places for discussion, whether among family and friends or our Hudson Valley members at their 2018 legislative breakfast.  Held on April 20 at Alexis Diner in Newburgh, the event featured Assembly Insurance [...]

Legislative Breakfasts Come to Mohawk Valley

By | June 15th, 2018|Categories: Member News|

NAIFA-NYS legislative breakfasts aren't always big affairs--but that makes them no less interesting, enjoyable, and important.  The March 9, 2018 Mohawk Valley association event was a wonderful opportunity, as it was last year, to present and [...]

Syracuse Members, Legislators Discuss Issues of the Day

By | June 15th, 2018|Categories: Member News|

The 2018 Syracuse legislative breakfast--delayed a few weeks thanks to a snowstorm that even our Syracuse members wouldn't venture out in--took place on March 23rd at Justin's Tuscan Grill.  Local lawmakers, including Senate Majority Leader [...]