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Staff Reports
June 20, 2022

Washington Insurance Commissioner Mike Kreidler rejects calls to resign

A defiant Washington State Insurance Commissioner Mike Kreidler said Friday that he will not resign despite losing Gov. Jay Inslee’s support after multiple scandals.

June 16, 2022

Insurance industry racks up 5th straight quarter of surging life sales: LIMRA

Indexed universal life new annualized premium jumped 39% in the first quarter, mostly gains made by the top 10 carriers, LIMRA reported.

California couple charged with insurance fraud, arson after investigation

June 6, 2022

Eduardo Suarez, 38, of Bakersfield, Calif., was arraigned last week on two felony counts of insurance fraud and arson after…

June 1, 2022

Annuity sales boom again in 2021, Morningstar, Beacon report

Sales of fixed and variable annuities were $233.1 billion in 2021, an increase of 12.3 percent over 2020 sales of $207.5 billion and the highest annual annuity sales since 2008.

May 27, 2022

Annuity sales continue steady climb in first quarter, Wink reports

Total first-quarter sales for all deferred annuities were $59.7 billion, a solid increase over the same period last year, according to Wink’s Sales & Market Report.

May 24, 2022

AIG back on top of first-quarter annuity sales, LIMRA reports

American International Group roared to the top of first-quarter annuity sales, according to LIMRA’s U.S. Individual Annuity Sales Survey.

Colorado Regulators Fine Bright Health $1M For ‘Operational Problems’

April 8, 2022

The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), has announced that as a result…

Wisconsin Insurance Commissioner Releases March Enforcement Actions

April 7, 2022

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for March. The actions are…

March 17, 2022

2021 Annuity Sales Shake Pandemic With 16.5% Increase, Wink Finds

Total 2021 deferred annuity sales of $243.6 billion represented a major bounceback year for the industry, according to new Wink’s Sales & Market Report data.

March 17, 2022

OneAmerica Names New Head Of Employee Benefits

OneAmerica has named Joe Ingream to lead its Employee Benefits business, with a focus on group life and disability coverage…

March 16, 2022

Life Insurance Premium Growing At Highest Rate In Nearly 40 Years: LIMRA

For the year, life insurance policy sales were up 5%, which is the highest annual growth since 1983. With the exception of term sales, all major categories saw growth.

March 4, 2022

Indexed Life Sales Smash More Records During 4Q 2021, Wink Reports

Non-variable universal life sales for the fourth quarter were $861.5 million, up 20% compared to the third quarter and 16.25% over 4Q 2021, according to Wink’s Sales & Market Report.

February 3, 2022

Elton John Welcomes Annuity Group On Yellow Brick Road Farewell Tour

Famed recording star Elton John announced the Alliance for Lifetime Income as the presenting partner of his “2022 Farewell Yellow Brick Road Tour in North America.”

February 2, 2022

Industry Trade Group Sues The DOL Over Encroaching Fiduciary Standard

The DOL’s Investment Advice Rule, which takes full effect this week, broadens the agency interpretation of who is considered a fiduciary, which the lawsuit contends is contrary to an earlier decision of the Fifth Circuit Court of Appeals.

January 27, 2022

2021 Annuity Sales Highest In 13 Years, LIMRA Reports

Total 2021 annuity sales were $254.8 billion, the highest annual annuity sales since 2008, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey.

California Insurance Commissioner Race Attracts A Crowd

January 25, 2022

San Diego area insurance agency owner Teri Barnes announced Monday that she is running for California insurance commissioner. Insurance Commissioner…

January 14, 2022

71% Of BGAs, IMOs Report Success Adding Young Producers

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.

Wisconsin Insurance Office Releases December Administrative Actions

January 10, 2022

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for December. The actions are…

Fitch: No Surprises Act Likely Affects Health Insurers More Than Consumers

December 17, 2021

The Federal No Surprises Act (NSA), which will take effect on Jan. 1, 2022 as part of the Consolidated Appropriations…

December 15, 2021

California Man Faces 15 Counts Of Insurance Fraud For Payroll Issues

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.

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