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.
Massachusetts Mutual Life Insurance Co. said it will “wind down” its online Haven Life subsidiary, which offers term life insurance only.
The new DOL fiduciary rule is 500 pages. The biggest fight will come down to how agents – independent and captive agents – are regulated.
Washington state turned to the courts last week in a bid to block any premium increases by Senior Health Insurance Company of Pennsylvania.
Oversight of fixed indexed annuities remains just beyond the reach of federal regulators, but analysts are starting to see a coordinated effort to change that.
The impact of life insurance assets is already having a big impact on the bottom line for Brookfield Corp., as the firm stockpiles cash for future investment.
A product pivot to registered indexed-linked annuities delivered momentum for Jackson Financial during the third quarter.
Eighteen financial services industry and business trade groups sent a letter to the Department of Labor today asking for an extension to the 60-day public comment period for its controversial fiduciary rule package.
Brighthouse annuity sales were down during the third quarter, the insurer reported, but segment earnings rose substantially thanks to strong investment gains.
Global Atlantic posted a strong third quarter, with earnings up 24% to $210 million, helping parent KKR to beat analysts’ expectations.
The Department of Labor is accepting comments on its new fiduciary proposal through Jan. 2, 2024 and plans a public hearing soon.
AIG again posted strong profits in the third quarter, driven by growth at its general insurance and life and retirement units.
The Department of Labor unveiled nearly 500 pages worth of new fiduciary rulemaking today and, at first glance, industry trade…
Insurers are embracing the potential of artificial intelligence, but regulators are slowly catching up with new rules to guard against discrimination and protect privacy.
Goldman Sachs’ third annual annuity survey reveals strong confidence in the ability to enlarge the sales pie despite potentially tough economic times.
As the industry prepares for another fiduciary rule, it’s worth reviewing the exemptions that are likely to change how business is conducted.
Federal regulators are taking yet another crack at extending a fiduciary rule to annuity sales, this time with tighter messaging and full-throated White House backing.
A group of 26 state attorneys general are appealing a federal court decision to uphold the Biden administration’s ESG rule.
Phillip Roy Wasserman pleaded guilty to tax charges Monday and will avoid a second trial in his $6.3 million fraud case.
Third-quarter annuity sales increased 11% year-over-year to $89.4 billion, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
A federal appeals court last week denied Security Benefit’s request for a full court review of a lawsuit claiming the insurer misrepresented how much investors stood to gain on certain fixed annuities.
