This report compiled by InsuranceNewsNet staff.
There were 535 announced insurance agency mergers and acquisitions through three quarters of 2024, down 10% from 594 in the same period in 2023.
Massachusetts Mutual Life Insurance Co. will deliver a 2025 dividend of more than $2.5 billion, the largest in company history.
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported.
Life insurance application activity showed gains in the coveted younger age bands during September, according to the MIB Life Index.
Insurance carrier CEOs are more energized about AI and M&As than their counterparts in other industries, a recent KPMG survey finds.
Term life insurance recorded its sixth consecutive quarter of growth during Q2 in both premium and policy sales, according to LIMRA’s U.S. Life Insurance Sales Survey.
Second-quarter universal life sales increased by double digits compared to the previous quarter, Wink, Inc. reported.
Sales for all annuities climbed nearly 4% compared to the previous quarter, according to Wink’s Sales & Market Report.
New life insurance premium declined 1% during the first half, and the total number of policies sold was level with 2023, LIMRA reports.
An increasing number of Americans say they are willing to share their wellness data in return for saving money on insurance.
A House committee today approved a budget rider that would prevent the Department of Labor from spending any funds to implement its fiduciary rule.
Whole life sales hit $1 billion for the quarter, down 12.8% compared with the previous quarter, Wink reported.
American International Group (AIG) has completed the long-anticipated separation of Corebridge Financial, its former life and retirement unit.
Annexus is combining its indices with John Hancock’s longstanding life insurance expertise to bring a retooled indexed universal life product to market.
As the youngest baby boomers begin to reach the age of 65, new research sheds light on the changing retirement landscape.
During the pandemic, mortality rates rose. When the pandemic wound down, mortality rates didn’t return to pre-pandemic levels. Why? We discussed this with a group of experts studying this “excess mortality.”
Annuity sellers had another very strong quarter in Q1, with $113.5 billion in sales, 21% higher than the first quarter 2023.
The Oregon Division of Financial Regulation fined State Farm $200,000 for failing to send notices over the past six years…
For the third consecutive year, total life insurance new annualized premium set a new sales record, rising 1% to $15.7 billion, according to LIMRA’s U.S. Life Insurance Sales Survey.
Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report.
