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.
American International Group continues a slow offload of its life and retirement unit, a business that delivered crucial second-quarter premiums and deposits exceeding $10 billion.
Rising interest rates will drive the story that life insurance companies report during second-quarter earnings season beginning next week — both for the good and, possibly, bad.
For many policyholders who purchased life insurance or annuities through Bankers Life, or another insurer formerly owned by Greg Lindberg, the wait to access their frozen funds is difficult to accept.
When Constellation Insurance sought to dive into the annuity market, the insurer first had to address the difficult legacy of Ohio National. Enter AuguStar.
Lincoln Financial and nine plaintiffs – including a former Lincoln agent – suing over fixed indexed annuity performance agreed on a mediator to settle the dispute.
The SEC claims that Jeffrey Cutter, who is both an advisor and an insurance agent, made improper annuity sales. In a motion to dismiss, Cutter says he was acting as an agent and the SEC has no authority.
Kenneth Rossman, who participated in a $6.3 million financial fraud, avoided jail time for his role in helping to convict self-styled “Annuity King” Phillip Roy Wasserman.
House members on both sides of the aisle argued for nearly three-and-a-half hours today as the House Financial Services Committee hosted a hearing on ESG investing.
Another troubling industry conference incident is giving reformers a chance to promote ongoing efforts to eliminate sexism and discrimination from events.
A North Carolina judge approved a settlement with former insurance executive Christopher Herwig, who the Securities and Exchange Commission accused of teaming with financier Greg Lindberg to defraud investors.