InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at john.hilton@innfeedback.com. Follow him on Twitter @INNJohnH.
Life insurers must rethink how they reach consumers, develop financial advisers and design products, a LIMRA panel agreed.
Industry consolidation is entering a new phase as companies shift focus from acquiring businesses to investing in what they have.
While life insurance and annuity sales are both at or near record highs, the industry still faces many challenges, LIMRA CEO David Levenson said.
AM Best has downgraded the financial strength ratings of two Advantage Capital Group insurers, citing deteriorating capital and other issues.
Fourteen plaintiffs are suing State Farm and “associates,” alleging that the defendants had a duty to inform them of PHL Variable’s financial troubles.
In its own 32-page lawsuit, the A-Cap insurers accuse Wise of a prolonged and failed campaign to punish the companies.
South Carolina insurance regulators are taking another shot at placing two Advantage Capital Partners-owned insurers into rehabilitation.
NAIC regulators are closing in on changes that would limit the use of historical investment returns in annuity illustrations.
An NAIC working group is leaning toward a model bulletin to quickly address problems with annuity illustrations.
The working group is weighing revisions addressing how insurers present non-guaranteed crediting rates and other issues.
CareFirst alleges that defendants enrolled hundreds of ineligible individuals in health insurance plans reserved for Maryland residents.
As insurers invest in automation and generative AI, routine administrative work is expected to decline. Experts say human judgment, compliance expertise and customer relationships will remain essential to the industry’s future.
Marketed to high earners as a powerful, tax-free vehicle for building retirement wealth, indexed universal life insurance now faces intense scrutiny over hidden fees and complex structures.
After an eight-year NFL career, Patrick Crayton is tackling the entrepreneurial world by launching his own Farmers Insurance agency from the ground up in Carrollton, Texas.
A judge has ruled that three insurers do not have to provide coverage for Newport Group’s potential liabilities from a retirement plan dispute.
Plaintiffs, who seek class-action status, allege that TWIA and the adjusting firms secretly altered damage estimates after inspections.
Regulators began looking harder at annuity illustrations this year after learning that some products were illustrating as high as 27%.
One-time insurance mogul and convicted fraudster Greg Lindberg saw more avenues to appeal a $1.6 billion restitution order close last week.
Regulators want to end the blind reliance on credit ratings to help ensure that insurers are not hiding high-risk assets.
PBM examiners describe a hostile response and a pattern of delays, obfuscations and persistent legal threats.
