A central New York tax preparer and insurance agent who admitted to operating a decades-long Ponzi scheme that defrauded nearly…
This report compiled by InsuranceNewsNet staff.
Staff Reports
The Federation of Americans for Consumer Choice has dropped its lawsuit against the Department of Labor after the agency withdrew guidance at the center of the dispute.
Indexed life sales hit big despite lawsuits, market headwinds, Wink finds
Despite several high-profile lawsuits and continued market turbulence, indexed life insurance remains the preferred product for consumers.
DOL proposes new independent contractor rule; industry is ‘encouraged’
The Department of Labor on Thursday unveiled a proposed rule to clarify how businesses and workers determine whether a job qualifies someone as an independent contractor.
Former NFL player convicted in nearly $200M Medicare fraud scheme
Joel Rufus French sold patient information and sham doctors’ orders for orthotic braces that patients did not want or need.
IUL tax strategy at center of new lawsuit filed in South Carolina
A new lawsuit in South Carolina alleges that Pacific Life accepted more than $1 million in premium payments tied to an IUL policy after firing the agent.
2025 annuity sales creep closer to $500 billion, LIMRA reports
Total annuity sales increased 6% in 2025, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
Auto insurance rates fell in 2025, but affordability gap between states is widening
After car insurance prices eased in 2025, insurers expect the gap between the most and least expensive states to widen further in 2026.
Life insurance application activity hits record growth in 2025, MIB reports
Life insurance application activity closed the year up 22% in December, the MIB Life Index reported, helping 2025 set a record for growth.
Rate pressure, customer churn set stage for auto insurance upheaval in 2026
Skyrocketing premiums and shifting consumer behavior are reshaping the U.S. auto insurance landscape heading into 2026.
House passes bill restricting ESG investments in retirement accounts
The House of Representatives passed a bill Thursday to require plan sponsors to maximize returns as the highest priority over ESG factors.
The Conversation Gap: Clients tuning out on advisor health care discussions
Financial professionals and their clients have sharply different views on whether they discuss critical health-related issues during retirement planning, according to the final chapter of Alliance for Lifetime Income by LIMRA’s 2025 Protected Lifetime Income & Planning study.
2025 Top 5 P&C Stories: From fraud to wildfires
From fraud to wildfires, lawsuits and climate disasters dominated property and casualty insurance news in 2025.
2025 Top 5 Advisor Stories: From the ‘Age Wave’ to Gen Z angst
The recent surge of tue boomer retirement tsunami drove interest in financial advisor stories in 2025, along with the angst of Gen Z.
Pension buy-in sales up, PRT sales down in mixed Q3, LIMRA reports
The pension risk transfer market showed its unpredictability during the third quarter as LIMRA reported strong buy-in sales amid weaker pension risk transfer data.
Most insurance AI patents come from just 3 U.S. insurers, study finds
Artificial intelligence patenting in insurance is becoming a high-stakes, highly concentrated race dominated by a handful of U.S. carriers.
Prudential leads all life sellers as Q3 sales rise 3.2%, Wink reports
Prudential Financial ranked No. 1 in overall life insurance sales during the third quarter, with a market share of 5.7%, Wink, Inc. reported.
PacLife takes top spot as LIMRA reports 14% rise in new life premium
Pacific Life Insurance Co. took over the top spot in life insurance new annualized premium through the first three quarters, LIMRA announced Wednesday.
Life insurance new premium up 16% in the third quarter, LIMRA reports
Life insurance new annualized premium increased 16% year over year to $4.3 billion in the third quarter, according to LIMRA.
KKR, Brookfield Asset Management report third-quarter earnings
Both KKR and Brookfield Asset Management reported some third-quarter earnings Friday as the firms continue to incorporate strong annuity sales…
