The study provides a revealing snapshot on where producers are two years into the COVID-19 pandemic, how the evolution with BGAs and IMOs is proceeding, and how recruitment of producers is going.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for December. The actions are…
The Federal No Surprises Act (NSA), which will take effect on Jan. 1, 2022 as part of the Consolidated Appropriations…
Alfredo Casas, 62, allegedly underreported payroll for his farm labor contracting business by over $1 million, resulting in a substantial loss to two insurance companies.
Women with children under 18 expressed the highest levels of financial stress at 50%, followed by non-retirees who were not working (44%), those under age 50 (42%), and those with household incomes under $50,000 (42%).
The Wisconsin Office of the Commissioner of Insurance this week announced administrative actions it has taken against individuals and businesses….
The Consumer Financial Protection Bureau (CFPB) published research this week on overdraft fees illustrating how reliant banks are on overdraft…
Wink, Inc., the competitive intelligence firm specialized in providing life insurance and annuity product data to the industry, announced Victoria…
Total life insurance new annualized premium grew 18% in the third quarter, representing the third consecutive quarter of double-digit growth, according to LIMRA.
Third-quarter sales for all deferred annuities totaled $59.8 billion, a decrease of 7.1% compared to 2Q and an increase of 10.4% when compared to 3Q 2020, Wink reports.
Los Angeles residents Victor Valle-Diaz, 55, Eduardo Retana, 25, and Ausencio Gomez, 46, were sentenced to serve in state prison…
Total U.S. annuity sales were $62.3 billion in the third quarter, up 12% from third quarter 2020. Year-to-date, annuity sales increased 19% to $191.4 billion, according to results from the Secure Retirement Institute.
Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an October 22 emergency declaration.
The Wisconsin Office of the Commissioner of Insurance took several recent administrative actions. The actions are issued by OCI when…
Sales of fixed and variable annuities were $60 billion in the second quarter of 2021, up 6% from first quarter 2021 sales of $56.7 billion, according to the Insured Retirement Institute.
Total preliminary U.S. annuity sales were $62.2 billion in the third quarter, up 12% from third quarter 2020.
A joint investigation conducted by the Michigan Department of Insurance and Financial Services (DIFS) and the Ogemaw County Sheriff’s Office has led to insurance fraud and identity theft charges against 14 individuals for allegedly submitting nearly $3 million in false insurance claims.
Non-variable universal life sales for the second quarter were $779.2 million, up 19.9% when compared to the first quarter, Wink reports.
Total second quarter sales for all deferred annuities were $64.4 billion, up more than 10% compared to the previous quarter and an increase of 40.4% when compared to the second quarter 2020.
A Methuen, Mass. woman, who was the former business manager at a Lawrence, Mass. retirement home and nursing center, has pleaded guilty and been sentenced to a serve a year and a half in state prison in connection with stealing more than $530,000 from the facility and the estate of a deceased resident at the home.
The persistent low interest rate environment over the past few years prompted the deal, Allianz said in a news release.
In addition to the creation of the special enrollment period, health coverage access was also expanded in Michigan through tax subsidies offered under the American Rescue Plan (ARP).
U.S. single premium buy-out sales totaled $5 billion in the second quarter, up 119% from second quarter 2020, according to the Secure Retirement Institute.
The Securities and Exchange Commission announced that App Annie Inc., a leading alternative data provider for the mobile app industry, and its co-founder and former CEO and Chairman Bertrand Schmitt, have agreed to settle securities fraud charges.
Additional felony charges have been filed against Robert Andrew Lotter, 64, of Newport Beach, Calif., and Charles Albert Major, 72, of Irvine, Calif., who were arrested in November after allegedly defrauding their clients with high-risk investments.
The Michigan Department of Insurance and Financial Services (DIFS) has ordered the websites of four fake banks and credit unions to be taken down.
Former insurance agent Steven Gordon, 67, of Camarillo, Calif., was arraigned last week on 21 felony counts of grand theft, forgery, identity theft, and credit card fraud after allegedly stealing more than $1 million from three former clients.
Jackson is now an independent company, and its stock is expected to commence “regular way” trading under the ticker symbol “JXN” on the New York Stock Exchange on Sept. 20.
A California businessman faces five felony counts of insurance fraud after a state Department of Insurance investigation revealed he allegedly underreported wages by over $2.5 million.
Foresters Financial today announced the launch of Foresters Go, a wellness platform that integrates wearable app-enabled technology and behavioral science to inspire and reward healthy lifestyles.
American International Group today announced that Peter Zaffino, president and CEO, will assume the additional role of chairman of the Board of Directors, effective Jan. 1, 2022.
The Wisconsin Office of the Commissioner of Insurance released August’s administrative actions on Tuesday.
Zurich North America has named Carl Sutter Head of Distribution for U.S. Middle Market.
A Florida man pleaded guilty yesterday in the Southern District of Florida for his role in a $73 million conspiracy to defraud Medicare by paying kickbacks to a telemedicine company to arrange for doctors to authorize medically unnecessary genetic testing.
The SEC announced Wednesday that it has filed an action against BitConnect, an online crypto lending platform, its founder Satish Kumbhani, and its top U.S. promoter and his affiliated company, alleging that they defrauded retail investors out of $2 billion.
Lorie Bevins, of Plainwell, was arraigned on August 26 in 57th District Court on four counts of submitting false health insurance claims.
In the first six months of 2021, the total number of policies sold increased 8%, compared with prior year results. This is the highest policy sales growth recorded since 1983, according to LIMRA’s recent survey.
Pacific Life Insurance Company announced today that Darryl Button has been named CEO-Elect and will become president and CEO of Pacific Life, succeeding chairman, president and CEO Jim Morris, on April 1, 2022, upon Mr. Morris’ retirement.
A Michigan producer issued fraudulent Farm Bureau insurance policies, regulators said Monday in a final cease-and-desist order.
A pair of Iowa men were charged recently with trying to defraud insurers.
The survey allows insurers to report on climate-related risks and opportunities that provide the Department with additional information to evaluate insurance company risks and activities.
CareFirst BlueCross BlueShield (CareFirst), a not-for-profit and the largest healthcare company in the mid-Atlantic region, announced it will make COVID-19 vaccinations a requirement for its workforce, Boards of Directors, and guests.
A new Michigan Department of Insurance and Financial Services agreement ensures unlimited Personal Injury Protection (PIP) medical coverage for uninsured vehicle occupants and pedestrians who were injured in auto accidents prior to the July 2, 2020 implementation of Michigan’s new auto insurance law.
Authorities say Martin Ruiz misappropriated more than $8 million of client funds, transferring those funds through a series of entities Ruiz also controlled, and spent the vast majority of the funds on personal expenses.
The New York State Department of Financial Services reduced health insurers’ 2022 requested rates to a 3.7% hike, despite health care costs increasing to pre-pandemic levels.
Michigan regulators issued a final cease-and-desist order Wednesday against Cedar Hawk Title Company and its employees, Victoria Lansen and Tabria Josey, forbidding further violation of the Michigan Insurance Code.
The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.
Sharity Ministries, Inc., formerly Trinity Healthshare, Inc. has filed for bankruptcy and has ceased operating, Connecticut Insurance Commissioner Andrew N. Mais announced today.
California regulators have charged two people with 36 felony counts of insurance fraud and grand theft for collecting long-term health care benefits allegedly as a result of fraudulent claims.
Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.
The amount of money that insurers expect to pay for the 2020 hurricanes continues to grow, albeit more slowly, as Louisiana gets further away from last year’s historic storm season.
The Idaho Department of Insurance (DOI) received preliminary health insurance premium rates from health insurance carriers for plans sold starting January 2022.
Insurance producers Jonathan Adam Schlue of Davenport, Iowa and Whitney Michelle Roth of Clinton, Iowa, were recently sentenced in Scott County District Court after pleading guilty to their parts in a healthcare insurance fraud scheme.
Brookfield Asset Management Reinsurance Partners is acquiring American National Group in a $5.1 billion deal announced this morning.
The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.
Earlier today, the United States sold the sole copy of the Wu-Tang Clan album “Once Upon a Time in Shaolin,” which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment entered against Martin Shkreli at his March 2018 sentencing.
Based in Hartford, Conn., Saybrus Partners was formed in 2009 to bring its boutique model to institutions, delivering customized support, proactive consultation and transparent, centralized management for advisors and insurance agents.
Strong equity market gains and lower volatility, as well as rising interest rates all contributed to the remarkable rebound in the annuity market, officials said.
A Detroit man who sold counterfeit insurance documents through Facebook has pleaded guilty, say Michigan Attorney General Dana Nessel and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox.
The annuity focused Alliance for Lifetime Income has again signed on as the sole sponsor of The Rolling Stones’ 2021 “No Filter” U.S. stadium tour.