InsuranceNewsNet Senior Editor John Hilton has covered business and other beats in more than 20 years of daily journalism. John may be reached at john.hilton@innfeedback.com. Follow him on Twitter @INNJohnH.
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.
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.
