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.
Global Atlantic is getting out of the fixed IUL business. The company will instead focus on its hot-selling annuity lines, an executive told employees.
Tennessee officials are searching for policyholders as regulators and courts continue to unwind the tangled finances of troubled insurance magnate Greg Lindberg.
Several insurers recorded big sales in a first quarter that saw total fixed annuity sales increase 101% to $70.9 billion compared with prior-year results.
The Federation of Americans for Consumer Choice reminded a Texas court that its case against the Department of Labor’s investment advice rule grew stronger this week.
A group of Nationwide employees sent an overnight email to everyone in the company airing complaints that “expectations have become overwhelming and impractical” for claims adjusters and making six demands for change.
A Texas judge could decide any day on a lawsuit brought by state attorneys general against the Department of Labor’s environmental, social and governance investing rule.
A Florida jury found the self-styled “Annuity King,” Phillip Roy Wasserman guilty today of defrauding investors with his FastLife life insurance products.
The Department of Labor isn’t likely to back away from pushing for tougher fiduciary standards on the sale of retirement products, a pair of experts agreed Thursday, despite significant losses in court.
Lincoln Financial is asking a Texas judge to dismiss a lawsuit filed by nine plaintiffs who claim they were sold a fixed indexed annuity with illustrated promises of unrealistic gains. One of its former agents is the lead plaintiff.