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.
State insurance regulators are moving quickly to address and reserving held by life insurers involved in reinsurance transactions. Too quick for some.
A House committee revived debate over the Department of Labor fiduciary rule Thursday, leading to extended discussion on what is best for retirement savers.
Corebridge Financial reported a $1.3 billion loss in the fourth quarter as it nears full separation from American International Group.
American International Group is down to a 52% ownership stake in Corebridge Financial, its separated life and retirement division.
Support is growing among some state insurance regulators to tighten the rules for life insurers entering into reinsurance agreements.
An Army Reserve major who served as a financial counselor with the Army’s Casualty Assistance office and who has been accused of defrauding two dozen Gold Star families will go to trial in April.
Brighthouse Financial executives reported strong product developments and solid sales today, but the insurer’s Q4 financial numbers were not as rosy.
Apollo Global Management executives talked about the potential for a lot more from Athene today during a conference call with Wall Street Analysts on Apollo’s successful fourth-quarter earnings report.
Brookfield Asset Management executives are making big plans for the insurance assets it will control when its acquisition of American Equity closes soon.
A pair of Republican senators say a proposed rule to better regulate the use of artificial intelligence in financial services will end up stifling innovation instead.
KKR reported big fourth quarter earnings, thanks in large part to its insurance holding, Global Atlantic.
The Federal Reserve left interest rates unchanged during its most recent meeting, but annuity sellers are preparing for the cuts to come by adjusting rates.
Cigna filed a motion Thursday to dismiss a class-action lawsuit accusing the insurer of improperly rejecting medical claims.
Phillip Roy Wasserman is expected to file an appeal today from his fraud conviction and 15-year prison sentence.
A Tampa, Fla. judge sentenced Phillip Roy Wasserman to a lengthy prison term Wednesday for overseeing a fraud that cost retirees millions.
The Securities and Exchange Commission is getting heat from both investor and advisor groups this week over its regulatory strategies.
A panel of state insurance legislators passed its own version of a medical-loss ratio for dental plans Friday, dubbed “Colorado-plus” by Del. Steve Westfall, R-W.V.
While the Department of Labor fiduciary rule proposal might be a long ways from becoming settled law, it brings the potential for “massive” change to the industry, an labor lawyer said Thursday.
A judge denied a motion Wednesday by Pacific Life to dismiss a lawsuit brought by a Washington couple dissatisfied with a PDX indexed universal life policy.
For the second consecutive year, rising interest rates pushed annuity sales to another all-time record high, according to preliminary results from LIMRA.
