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.
F&G Annuities & Life laid off 192 employees across both its home offices in Des Moines, Iowa and remote functions.
Advisor Jeffrey Cutter is appealing the lone guilty verdict handed down last month in his trial in a Securities and Exchange Commission civil case.
Thirteen companies are studying confidential financial information as Connecticut regulators pursue the sale or reinsurance of PHL, or its blocks of business.
Prudential Financial shareholders are asking a New Jersey judge to approve a $10 million settlement to end a derivative lawsuit over allegedly withheld mortality data.
UnitedHealth Group is urging shareholders to reject a proxy alert and support a compensation package, including $60 million in stock options, for returning CEO Stephen Hemsley.
Four current and former UnitedHealth Group employees are suing the embattled insurer for allegedly using forfeiture funds to pay the corporate match for 401(k) plan participants.
The Securities and Exchange Commission has some work to do following the recent guilty verdict against a Massachusetts advisor for insufficient disclosures.
Property insurance rates a soaring due to climate change, a panel of homeowners and experts told senators Tuesday.
When John Carroll joined the industry, annuity sales were recorded on paper and took weeks to finalize. That was 40 years ago and today is very different.
UnitedHealth Group executives took the unusual step Tuesday of downgrading earnings guidance issued less than four weeks ago.
Spreads are tight and new entrants are making the annuity market more competitive. But the Apollo-Athene formula gives them an advantage, one executive said Monday.
The California Supreme Court is tackling the thorny question of whether the state’s life insurance lapse laws apply to policies that originated in other states.
Rumors are swirling about the potential sale of Brighthouse Financial but executives were tight-lipped during a Friday conference call with Wall Street analysts.
Jackson Financial continues its evolution from primarily a variable annuity seller to a one-stop annuity operation that performs like an asset manager.
At least two plaintiffs are asking a federal court to consider an “age-weighted distribution” of a $69 million UnitedHealth Group settlement over 401(k) options.
As private equity giants jockey for assets, Brookfield Asset Management staked its claim with a powerful first-quarter performance.
LIMRA’s John Carroll says the industry has an image problem. “Ned Ryerson,” he jokes, in “Groundhog Day.” “He ruined it for everybody.”
The defendants sold Jay Jacobson $2 million worth of annuities from 2019 and 2023, Joan Jacobson said, with no death benefits.
Corebridge Financial completed its first full quarter selling a registered index-linked product and the Q1 results were excellent, CEO Kevin Hogan said Wednesday.
A New Jersey judge will allow Ameritas to deposit a $1 million death benefit in a court account while three men continue litigation over the funds.
