Banco Popular de Puerto Rico

States are looking at different models for their Health Insurance Exchanges, or HIXs. Given that each state will adopt its own approach to HIX implementation, we potentially could end up with 50 different models.

At a client meeting recently, I heard some wonderful words: "Todd, I like working with you because you don't sell insurance, you sell solutions." Have you heard those words from your clients? If you follow some of the examples from last month's EBA, you just might.

Most group business renews on January 1. So you are going through the craziness of putting your 12/1s and 1/1s to bed. Carriers are late with numbers. Groups are asking you to take their plans to market. You are playing defense as sharks circle your groups more this time of year. Welcome to the busiest time of year for most brokers and consultants.

Here’s a recent roundup of industry accomplishments. Check to see if a colleague or agency is mentioned this week.

According to an online survey of 805 life insurance policyholders across the United States, the majority (70%) of them are confident their beneficiaries would know how to file a claim. In fact, most have taken proactive steps to help them prepare.

Half of America’s households (about 58 million) claim to be underinsured when it comes to life insurance, according to a new study from LIMRA. The study, “Trillion Dollar Baby Growing Up,” revealed as much as $17.5 trillion in untapped sales potential for the life insurance market.

The term “social media” was recently added to the Merriam-Webster dictionary, reflecting the reality of its presence and power in both business and social settings. But there is a consumer-driven evolution underway in social media that is portending the end of an era, according to Brian Solis, an expert in new media and principle at Altimiter Group, a research advisory firm.

South Carolina does not want any more federal money to set up an insurance exchange, the state's health regulator said on Thursday, citing fears about the strings attached to the funds.

Here's a recent roundup of industry accomplishments. Check to see if a colleague is mentioned this week.

Financial advisers and human resources managers looking for new and more effective ways to interact with their Baby Boomer employees should be inspired by a new report that finds social networking participation among this highly coveted group surged more than 60% in the past year.