Katherine Chiglinsky

While a review will be undertaken by the Labor Department, the White House signaled that the president was expecting significant change.

Genworth CEO Tom McInerney has been selling assets so the insurer has enough liquidity after being hit by losses on its long-term care coverage,

Because of looming long-term risks, officials need to consider "trying to slowly normalize rates, because otherwise you contribute to excessive risk taking," says Allianz's chief economic adviser.

Insurers including Northwestern Mutual are seeking to gain more capabilities through technology platforms.