This report compiled by InsuranceNewsNet staff.
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.
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.
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.
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.
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.
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…
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.
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.
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…
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.
OneAmerica has named Joe Ingream to lead its Employee Benefits business, with a focus on group life and disability coverage…
For the year, life insurance policy sales were up 5%, which is the highest annual growth since 1983. With the exception of term sales, all major categories saw growth.
Non-variable universal life sales for the fourth quarter were $861.5 million, up 20% compared to the third quarter and 16.25% over 4Q 2021, according to Wink’s Sales & Market Report.
Famed recording star Elton John announced the Alliance for Lifetime Income as the presenting partner of his “2022 Farewell Yellow Brick Road Tour in North America.”
The DOL’s Investment Advice Rule, which takes full effect this week, broadens the agency interpretation of who is considered a fiduciary, which the lawsuit contends is contrary to an earlier decision of the Fifth Circuit Court of Appeals.
Total 2021 annuity sales were $254.8 billion, the highest annual annuity sales since 2008, according to preliminary results from the Secure Retirement Institute U.S. Individual Annuity Sales Survey.
