InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at [email protected]. Follow him on Twitter @INNJohnH.
Updated research from Milliman finds that surrender rates on variable annuities with guaranteed living withdrawal benefits more than doubled from 2022 to the end of 2024.
Elevance Health kept medical costs under control during a financially strong third quarter. But increased Medicaid costs are coming.
Artificial intelligence is finding a home in the insurance industry. Insurers are all-in on AI, but there are risks and regulation to be aware of.
California Insurance Commissioner Ricardo Lara has a plan to expedite rate reviews in light of State Farm’s experience following the devastating wildfires earlier this year.
PHL Variable is now in the hands of Connecticut regulators, who are trying to sort out its finances while a moratorium on benefits remains in place.
More than a year after first circulating a draft guidance on compliance expectations for its best interest standard for annuity sales, regulators are nearing a final version.
The cozy relationship between state insurance regulators and industry trade associations is concerning to many observers and watchdog groups.
Mortality has become a topic of greater importance in the life insurance industry following the COVID-19 pandemic in 2020.
A North Carolina judge approved the release of personal policyholder information so the special master can begin getting funds to victims of Greg Lindberg’s fraud.
A Massachusetts judge accepted a recommendation Friday to dismiss a consolidated pension risk transfer complaint filed against AT&T Inc. and State Street Global Advisors last year.
A pair of private equity-backed life insurers announced significant reinsurance deals this week with Japanese reinsurance companies.
Plaintiffs established a case that turning their pensions into Athene annuities pose a risk to their retirement earnings, the judge said Monday.
Plaintiffs are going to court to challenge CVS Caremark’s decision to stop covering Zepbound, a weight-loss drug that is also used to treat sleep apnea.
Regulators are in two camps on whether to move forward with a model law governing the use of artificial intelligence by insurance companies.
Indexed life insurance and annuities are some of the best-selling products on the market. That isn’t likely to change, despite some headwinds in the forecast.
Interest rates are (likely) on the move. Any movement in rates has a corresponding impact on both life insurers and policyholders.
A National Association of Insurance Commissioners’ group took another step Thursday toward finalizing a pair of key guidelines.
A New York judge tossed a pension risk transfer lawsuit filed by former employees of General Electric.
The Department of Justice is suing a California health insurer for allegedly diverting $320 million in leftover federal funds to other inappropriate expenses.
Accusing unhappy shareholders of compiling “scattershot allegations” from various newspaper reports, UnitedHealth Group executives denied securities fraud Tuesday.
