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News Alerts

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NAIFA-NYS Releases First-of-Its-Kind Cyber-Security Tool for Life Agents, Responds to DFS Regulation

Albany, New York, January 29, 2018 — The National Association of Insurance and Financial Advisors-NYS (NAIFA-NYS) today announced a first-of-its-kind compliance tool to assist New York life agents to comply with the state’s new cyber-security [...]

By | January 29th, 2018|Categories: NAIFA-NYS Legislative Updates, New York Issues, News Alerts|0 Comments

Cuomo Considers Overhauling the New York State Tax Code

Governor Cuomo, in response to the federal tax reform's near-elimination of the state and local tax (SALT) deduction, is proposing to overhaul the New York State tax code and warns of a potential legal challenge [...]

By | December 30th, 2017|Categories: News Alerts|0 Comments

New York Moves to Create Its Own “Best Interest” Standard

As the DOL hits "pause" on full implementation of its fiduciary duty rule, New York regulators have proposed a "best interest" standard of their own, one that would apply to all life insurance products and [...]

By | December 27th, 2017|Categories: News Alerts|0 Comments

Employees Regret Not Saving More in Early Years

A new study by American Century Investments finds that employees significantly regret their decisions not to save more for retirement early in their careers.  It also finds that - although the promise of higher income [...]

By | December 13th, 2017|Categories: News Alerts|0 Comments

Annuity Sales Hit 15-Year Low in 3rd Quarter, LIMRA Finds

Annuity sales fell below the $50 million mark in the 3rd quarter of 2017 - dropping to a 15-year low - according to a study by the LIMRA Secure Retirement Institute.  Initial implementation of the Department [...]

By | November 29th, 2017|Categories: News Alerts|0 Comments

Millennials’ Enthusiasm Paints Rosy Future for Insurance Industry

Millennials who work at independent insurance agencies are so enthusiastic about their industry, that the vast majority – 82 percent -- are encouraging their friends and family to also get into the line of work, [...]

By | October 11th, 2017|Categories: News Alerts|0 Comments