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.
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.
Lincoln Financial Group completed another difficult quarter financially, but executives touted last week’s $28 billion reinsurance deal as a crucial rebound move for the insurer.
Corebridge Financial continues to separate from American International Group, seeing higher fixed annuity surrenders during first-quarter earnings. Sales are even higher.
American International Group celebrated strong first-quarter financials today, bottom-line results that were depressed by inconsistent sales in its Life and Retirement business.
Prudential Financial continues to make moves to shake off the earnings malaise and reverse a stock decline. The first-quarter results are mixed at best.
First-quarter earnings will reveal how well insurance companies are adapting to higher interest rates and taking advantage of a strong annuity sales environment.
Twelve years after it was created by Dodd-Frank, the Federal Insurance Office is still looking for its long-term role in the insurance regulation landscape.
The trial of the self-styled “Annuity King” will continue into a fifth week after a Florida judge denied defendant Phillip Roy Wasserman’s motion for a mistrial.
Variable annuity sales โ coming off their worst year since 1995 โ are hurting from several disruptions, but should bounce back a little bit, LIMRA forecasts.
Prudential has advised the department that they will voluntarily reprocess denied claims dating back to June 2019 and provide benefits for the claims previously denied based solely on lack of evidence of insurability.
Singer and megastar Taylor Swift is the lone celebrity pursued by disgraced cryptocurrency developer Sam Bankman-Fried who asked the right questions about FTX, an attorney suing SBF said Tuesday.
The Department of Labor filed a notice of appeal Friday from a February federal court ruling striking down a portion of guidance issued in 2021 that expanded the definition of a retirement plan fiduciary.
The judge ruled against the self-styled “Annuity King” is a pair of evidentiary rulings during the initial days of the high-profile fraud trial in Tampa, Fla.
The legal debate over use of biometric data entered a new forum recently with a lawsuit against Amazon for alleged violations of the New York City privacy statute.