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 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.
The Equal Employment Opportunity Commission recently took the unusual step of reopening an investigation into sexual harassment claims against a top-selling Pittsburgh, Pa. insurance agency.
Analysts anticipate life insurers, despite some minor red flags, will post strong fourth-quarter and full-year 2023 earnings in the coming weeks.
A California Assembly committee finally released a best-interest annuity sales bill favored by industry lobbyists this week, but not everyone is happy the bill is back on track.
A study commissioned by the Financial Services Institute finds that the Department of Labor fiduciary rule proposal would cost firms $2.7 billion to implement.
Online brokerage Robinhood will pay a $7.5 million fine in a settlement with Massachusetts’ securities regulators, who say that it encouraged inexperienced investors to place risky trades.
Citing concerns over “systemic biases” creeping into insurance, New York State regulators are taking the first steps toward regulating the use of artificial intelligence.
Forty-one states operate under new best-interest annuity sales standards based off a model put forth by the National Association of Insurance Commissioners.
Sentencing for Phillip Roy Wasserman, the self-styled “Annuity King,” was continued Friday after nearly eight hours.
The Consolidated Appropriations Act of 2021 is imposing new disclosure requirements on health plan providers and the potential for big liability.
Critics, and a few supporters, of the Department of Labor fiduciary rule proposal aired their complaints Wednesday at a House Capital Markets Subcommittee hearing.
Phillip Roy Wasserman is scheduled to be sentenced Friday in his $6.3 million fraud case and Judge Charlene Edwards Honeywell appears determined to avoid any further delays.
The House Capital Markets Subcommittee will hold a hearing at 10 a.m. Wednesday on “Examining the DOL Fiduciary Rule: Implications for Retirement Savings and Access.”
Private equity firms continue to stalk insurance company takeovers and critics say the potential for a financial disaster grows along with that trend.
A federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy will continue after a judge denied Wells Fargo’s motion to apply New York law to the case.
