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.
Americans Putting COVID-19 Financial Panic In The Past, Allianz Finds
Less than half (48%) of Americans say they are worried about a major recession, a number that has been steadily declining recently and is down from 65% this time last year, a new Allianz study finds.
Black American Life Insurance Ownership Up During Pandemic: Study
Black Americans were significantly more likely to be concerned about being able to save for an emergency fund, pay their monthly bills and their mortgage, and leaving their families in a difficult situation due to a premature death.
Virginia and Alabama became the latest pair of states to adopt updated annuity sales rules based on a National Association of Insurance Commissioners’ model regulation.
Structured Annuities Trump Indexed Products In 1Q Wink Sales Report
The 1Q sales report paints a picture of an industry continuing to recover strongly from the COVID-19 pandemic. As expected, structured annuity sales lead the good news, with year-over-year sales up nearly 86%.
Sales of fixed and variable annuities were $56.7 billion in the first quarter of 2021, up 3.9 percent from fourth-quarter 2020 sales of $54.5 billion, according to the Insured Retirement Institute.
Aon plc and Willis Towers Watson say they are “fully committed” to their mega-merger, despite the news that the U.S. Department of Justice is suing to block it.
CMT will now provide telematics services to 21 out of the 25 largest auto insurers in the United States, and across more than 20 countries, including Canada, the United Kingdom, Germany, South Africa, Japan, and Australia.