Articles by Steve
Morelli
SEC's Schapiro Resigns After Whistleblower Suit
A former Securities and Exchange Commission assistant inspector general alleges sex scandal and oversight lapses in a lawsuit...
Insurancenewsnet Mourns Loss Of Colleague, Pete Winer
Peter A. Winer, 54, dies of injuries sustained in a motorcycle accident...
Supreme Court Upholds Mandate, Penalty
In a surprise move, Chief Justice John Roberts sides with liberal justices to uphold the mandate and penalty as a tax within the power of Congress...
The Wealth Channel Interviews INN Editor on Neasham Case
The Wealth Channel, produced by American College, asked Editor-in-Chief Steven A. Morelli to discuss the impact of a case in which an agent was convicted of theft for selling an annuity...
Client’s Boyfriend Denies He Knew of Dementia in Neasham Case
The boyfriend of the client at the center of the case against annuity agent Glenn Neasham said he did not know of dementia, but an investigator's report shows otherwise...
test
test test
Prosecutor Admits Not Proving Agent Knew Client Had Dementia
Dementia was a central element in the case against Glenn A. Neasham, an insurance producer in California who was convicted of felony theft for selling an annuity to an 83-year-old woman...
Bail Granted for Neasham, Keeping Him Out of Jail until Appeal
California agent who was convicted of theft for selling an annuity can stay out of jail if he posts $20,000 bail by April 19...
Wholesaler Sees Chilling Effect in Annuity Agent Conviction, Allianz Calls Case ‘Unique’
The wholesaler who worked with Glenn Neasham, who was convicted of theft for selling an annuity, says the producer would have documented any signs of dementia in a client...
American College Chief: Insurance Industry Must Fight for Relevance
American College President Larry Barton says insurance companies and producers are being beaten down by low interest rates...
Neasham Case Timeline
Glenn A. Neasham was convicted of felony theft in California for selling an annuity to an 83-year-old woman - here's a timeline of the events thus far...
Annuity Agent Loses License After Hearing
Glenn A. Neasham was convicted of felony theft in California for selling an annuity to an 83-year-old woman. The state revoked his insurance license after he lost his request for a new trial...
Annuity Agent Sentenced, New Trial Denied
Glenn Neasham was sentenced to 300 days in jail, reduced to 90 days, after a California county judge rejected his motion for a new trial in his felony theft conviction for selling an annuity...
Advisor Convicted of Theft for Selling an Annuity
Glenn Neasham had a thriving business, making about a half-million dollars in his best year - but now, he is on public assistance while he faces the possibility of prison for selling just one annuity...
Guiding Huddled Masses Yearning To Retire
Imagine anxious 50-somethings holding armfuls of cash while being shouted at from all sides about what to do with the money to avoid being stranded in a bleak desert of old age...
Solving Producer Decline Vital To Life Industry’s Health
The life insurance business is still struggling to find its way since the 2008 bust and that path seems to be diverging from independent producers...
Set It and Forget It? Forget It! Retirement Takes Work, 'Re-Set' Survey Finds
Americans are coming to terms with working longer, living longer – and most important for the insurance industry, spending longer...
Technology, Teams and the Power of Annuities
Robert Baranoff, senior vice president, member benefits, LIMRA, discusses themes from LIMRA’s annual meeting and the latest in research...
Source of Funds Looms on Horizon
While many eyes are on fiduciary and suitability standards, some annuity wholesalers are saying the growth of source of funds legislation could change annuity distribution as we know it.
Are Life Settlements the $170 Billion Elephant in the Room?
Are Life Settlements the $170 Billion Elephant in the Room?As much as the life insurance industry tries to ignore them, life settlements are here to stay and poised to grow.<
