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Staff Reports

This report compiled by InsuranceNewsNet staff.

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LIMRA: 2022 single premium buy-out sales topple prior record

February 28, 2023

Total U.S. single premium buy-out sales were $48.3 billion in 2022, up 42% from 2021 results, according to LIMRA’s U.S….

AIG sacks top financial exec after alleged disclosure breach

January 30, 2023

American International Group today announced that it terminated Mark Lyons from his position as AIG’s interim chief financial officer and…

January 26, 2023
Annuity sales continue to set records

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.

LIMRA: U.S. individual life insurance sales drop in third quarter 2022

December 6, 2022

Total U.S. individual life insurance new annualized premium fell 5% in the third quarter compared with prior year results, LIMRA found.

December 2, 2022
Indexed life sales lead the way in strong third quarter, Wink reports.

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.

November 23, 2022
Annuity sales record strong third quarter

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 and IDA merge to create life insurance marketing giant

October 26, 2022

LIBRA Insurance Partners and Insurance Designers of America, LLC (IDA) announce the merger of the two organizations, creating the largest…

September 22, 2022
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.

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.

September 13, 2022
Life insurance sales are up since the pandemic.

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 sales continue record-setting pace in 2Q, Wink reports

September 6, 2022

Indexed life insurance sales continued a strong pace during the second quarter, according to the Wink’s Sales & Market Report.

August 23, 2022
Image shows a control board

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.

August 22, 2022
Image shows a dollar sign in a spotlight

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.

June 20, 2022
Washington State Insurance Commissioner Mike Kreidler speaking at a microphone.

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
LIMRA sales figures for the second quarter are out.

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
Annuity sales record strong third quarter

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…

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