American International Group today announced that it terminated Mark Lyons from his position as AIG’s interim chief financial officer and…
This report compiled by InsuranceNewsNet staff.
Staff Reports
Investors scrambling to lock in rates propel annuity sales to record highs
Annuity sales set a quarterly record for the third consecutive quarter, LIMRA reported today. Investors are flocking to the safety promised by fixed annuities.
Total U.S. individual life insurance new annualized premium fell 5% in the third quarter compared with prior year results, LIMRA found.
Indexed life sales lead the way in strong third quarter, Wink reports
Indexed life insurance continues to drive growth, despite regulation pressures and other disruptions, according to the latest Wink’s Sales & Market Report.
Indexed products headline strong 3Q annuity sales, Wink reports
Third-quarter sales of deferred annuities soared nearly 21% over the year-ago quarter, according to Wink’s Sales & Market Report.
LIBRA Insurance Partners and Insurance Designers of America, LLC (IDA) announce the merger of the two organizations, creating the largest…
Trade associations to House: It’s time to hold a vote on the RILA Act
A group of industry trade associations beseeched the House Finance Committee this week to bring stalled legislation to reduce market barriers for the sale of registered index linked annuities to the House floor for a vote.
New life insurance premium up 11% over first half of 2022, LIMRA finds
Total U.S. life insurance new annualized premium increased 6% in the second quarter 2022, the sixth consecutive quarter of premium growth, according to LIMRA.
Indexed life insurance sales continued a strong pace during the second quarter, according to the Wink’s Sales & Market Report.
LIMRA: Fixed-rate deferred annuity sales lead to record-breaking 2Q
Fixed-rate deferred (FRD) and registered index-linked (RILA) sales reached an all-time record for the quarter, while fixed index annuity sales fell just short of a record quarter.
Ringleader of pension fraud scam adapted to IUL sales sent to prison
Authorities say Scott Kohn, 68, of Newport, California, caused $310 million in losses to more than 2,500 retirees and placed more than 13,000 veterans into exploitative loans.
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.
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.
