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.
Staff Reports
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.
Eduardo Suarez, 38, of Bakersfield, Calif., was arraigned last week on two felony counts of insurance fraud and arson after…
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.
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.
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.
The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), has announced that as a result…
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for March. The actions are…
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.
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…
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.
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.
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.”
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.
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.
San Diego area insurance agency owner Teri Barnes announced Monday that she is running for California insurance commissioner. Insurance Commissioner…
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.
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…
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.
