OneAmerica Names New Head Of Employee Benefits
OneAmerica has named Joe Ingream to lead its Employee Benefits business, with a focus on group life and disability coverage…
This report compiled by InsuranceNewsNet staff.
Staff Reports
Life Insurance Premium Growing At Highest Rate In Nearly 40 Years: LIMRA
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.
Indexed Life Sales Smash More Records During 4Q 2021, Wink Reports
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.
Elton John Welcomes Annuity Group On Yellow Brick Road Farewell Tour
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.”
Industry Trade Group Sues The DOL Over Encroaching Fiduciary Standard
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.
2021 Annuity Sales Highest In 13 Years, LIMRA Reports
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.
San Diego area insurance agency owner Teri Barnes announced Monday that she is running for California insurance commissioner. Insurance Commissioner…
71% Of BGAs, IMOs Report Success Adding Young Producers
The study provides a revealing snapshot on where producers are two years into the COVID-19 pandemic, how the evolution with BGAs and IMOs is proceeding, and how recruitment of producers is going.
The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for December. The actions are…
The Federal No Surprises Act (NSA), which will take effect on Jan. 1, 2022 as part of the Consolidated Appropriations…
California Man Faces 15 Counts Of Insurance Fraud For Payroll Issues
Alfredo Casas, 62, allegedly underreported payroll for his farm labor contracting business by over $1 million, resulting in a substantial loss to two insurance companies.
32% Of Americans Are ‘Highly Stressed’ Over Finances, LIMRA Finds
Women with children under 18 expressed the highest levels of financial stress at 50%, followed by non-retirees who were not working (44%), those under age 50 (42%), and those with household incomes under $50,000 (42%).
The Wisconsin Office of the Commissioner of Insurance this week announced administrative actions it has taken against individuals and businesses….
The Consumer Financial Protection Bureau (CFPB) published research this week on overdraft fees illustrating how reliant banks are on overdraft…
Wink, Inc., the competitive intelligence firm specialized in providing life insurance and annuity product data to the industry, announced Victoria…
Life Insurance Premium Up 18% In The Third Quarter, LIMRA Reports
Total life insurance new annualized premium grew 18% in the third quarter, representing the third consecutive quarter of double-digit growth, according to LIMRA.
3Q Annuity Sales Up Double Digits Over Last Year, Wink Reports
Third-quarter sales for all deferred annuities totaled $59.8 billion, a decrease of 7.1% compared to 2Q and an increase of 10.4% when compared to 3Q 2020, Wink reports.
Los Angeles residents Victor Valle-Diaz, 55, Eduardo Retana, 25, and Ausencio Gomez, 46, were sentenced to serve in state prison…
Total Annuity Sales Rose 12% In The Third Quarter, LIMRA Reports
Total U.S. annuity sales were $62.3 billion in the third quarter, up 12% from third quarter 2020. Year-to-date, annuity sales increased 19% to $191.4 billion, according to results from the Secure Retirement Institute.
Insurance Commissioner Ricardo Lara ordered insurance companies to preserve 209,881 residential property insurance policies held by wildfire survivors included in an October 22 emergency declaration.
