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.
The Department of Labor wrapped up a relatively quick comment period Tuesday on its controversial fiduciary rule. Critics called on the DOL to withdraw the rule.
New York Gov. Kathy Hochul again vetoed legislation that would permit families of “wrongful death” victims to receive additional compensation for emotional suffering.
State insurance regulators are not interested in another contentious illustrations redo, but consumer advocates say Americans deserve one.
The Department of Labor is trying for the fourth time to extend fiduciary duty to virtually all annuity sellers. Industry critics are spoiling for a fight. So what’s in this rule?
The combination of a strong economy and positive regulatory landscape should push life sales up in 2024 and 2025, LIMRA reports.
The National Association of Insurance Commissioners reminded the DOL that states have the right to regulate insurance and the fiduciary rule is a bad fit.
Sales of annuity products hit record highs throughout 2023 and ended the year riding a wave strong enough to raise expectations for 2024 and beyond.
A class-action lawsuit accusing State Farm of “a fraudulent scheme” to undervalue vehicle loss assessments can continue, a federal judge ruled last week.
Both state regulators and insurers like New York Life are exploring the potential for artificial intelligence in the future of insurance.
Federal regulators are releasing a steady trickle of the more than 14,000 public comments on the Department of Labor’s contentious fiduciary rule proposal.
The Massachusetts AG is proposing regulations to prohibit hidden “junk fees,” but trade associations say life insurance and annuities need to be exempted.
A state appellate court sided with two insurers Tuesday, ruling that they are not responsible for part of a $19 million settlement in a biometric privacy case.
Ebix, Inc. announced today that it has reached a “stalking horse” agreement to sell its North American life and annuity assets to Zinnia for $400 million, part of a bankruptcy reorganization plan.
A federal judge refused to toss out annuity fraud charges filed by the Securities and Exchange Commission against a Massachusetts financial advisor.
Now that the Department of Labor’s two-day public hearing is over, Jan. 2 is the next big date for its controversial fiduciary rule proposal.
As more states rush to adopt best-interest annuity sales standards, the Certified Financial Planner Board of Standards is reminding members that it has a higher standard.
Department of Labor officials potentially previewed its legal strategy during a pointed exchange Wednesday morning over the details of its controversial fiduciary rule proposal.
Department of Labor officials kicked off a two-day public hearing with lavish praise and withering criticism of its polarizing fiduciary rule package.
An Oklahoma couple claims they were misled by an advisor and Pacific Life Insurance Co. on a premium financing program to fund a $15 million life insurance policy.
The Department of Labor (DOL) is readying for an avalanche of industry criticism on its fiduciary rule proposal during a two-day public hearing that kicks off Tuesday.
