Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.
Staff Reports
The amount of money that insurers expect to pay for the 2020 hurricanes continues to grow, albeit more slowly, as Louisiana gets further away from last year’s historic storm season.
The Idaho Department of Insurance (DOI) received preliminary health insurance premium rates from health insurance carriers for plans sold starting January 2022.
Iowa Insurance Producers Plead Guilty To Health Insurance Fraud
Insurance producers Jonathan Adam Schlue of Davenport, Iowa and Whitney Michelle Roth of Clinton, Iowa, were recently sentenced in Scott County District Court after pleading guilty to their parts in a healthcare insurance fraud scheme.
Brookfield Acquires American National Group In $5.1B Deal
Brookfield Asset Management Reinsurance Partners is acquiring American National Group in a $5.1 billion deal announced this morning.
Idaho Suspends Radio Host’s Producer License For String Of Violations
The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.
Earlier today, the United States sold the sole copy of the Wu-Tang Clan album “Once Upon a Time in Shaolin,” which had previously been ordered to be forfeited as a substitute asset in connection with the approximately $7.4 million forfeiture money judgment entered against Martin Shkreli at his March 2018 sentencing.
Based in Hartford, Conn., Saybrus Partners was formed in 2009 to bring its boutique model to institutions, delivering customized support, proactive consultation and transparent, centralized management for advisors and insurance agents.
First-Half 2021 Annuity Sales Up A Whopping 23%, Report Finds
Strong equity market gains and lower volatility, as well as rising interest rates all contributed to the remarkable rebound in the annuity market, officials said.
A Detroit man who sold counterfeit insurance documents through Facebook has pleaded guilty, say Michigan Attorney General Dana Nessel and Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox.
Start Me Up: Annuity Group To Sponsor Rolling Stones’ Tour
The annuity focused Alliance for Lifetime Income has again signed on as the sole sponsor of The Rolling Stones’ 2021 “No Filter” U.S. stadium tour.
Christina Mejia, 31, was arraigned today on nine felony counts of insurance fraud and identity theft after she allegedly stole multiple victims’ identities to purchase an insurance policy and filed a fraudulent claim involving a 2020 Cadillac.
US Attorney: NY Man’s Scams Included The Theft Of 420K In Life Insurance
A New York man was sentenced Monday to 46 months in federal prison for participating in business email compromise scams.
First-Half 2021 Life Insurance Applications Up Sharply, MIB Reports
Life insurance application activity ended the second quarter up 7.3% for the year, the MIB Life Index reported.
The $97 million will be distributed to investors affected by the misconduct and settles both the SEC’s case and a parallel action announced today by the Office of the New York Attorney General.
Wealth Concentrates Among $5M-Plus And Older Households: Study
Households with $5 million-plus in investable assets grabbed over 80% of the COVID market runup, while mass affluent households with $100,000 to under $500,000 declined in number.
Clearcover is the first auto insurance company to ink endorsement deals with NCAA student-athletes following a recent Supreme Court decision.
U.S. Rep. John Garamendi, R-Calif., recently introduced the Fair COLA for Seniors Act of 2021 to require Social Security to use the Consumer Price Index for the Elderly to calculate a “fairer cost of living adjustment” (COLA) for seniors.
Universal Life Sales Hit ‘All-Time Low’ In 1st Quarter, Wink Reports
First-quarter non-variable universal life insurance sales were down double digits, according to Wink’s Sales & Market Report.
Tri-State Consumer Insurance Company (Tri-State) will pay a $500,000 penalty to New York State for multiple violations.
