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.
Utah Insurance Commissioner Jonathan Pike is asking a judge to order rehabilitation for Sentinel Security Life Insurance Co. and a pair of reinsurers.
American National Insurance Co. will stop writing new life insurance policies in order to focus on other products.
State insurance regulators resumed discussions Tuesday on a proposal to make a key measure of insurance companies’ financial health confidential.
Regulators are trying to get a handle on offshore reinsurance once investment firms took an ownership stake and deals boomed.
High-profile social media stars and former business partners Grant Cardone and Gary Brecka agreed to mediation to address a federal lawsuit filed by Cardone Ventures.
The special master assigned to untangle Greg Lindberg’s finances and arrive at a restitution number is expected to complete his work by mid-May.
Offshore reinsurance gives life insurers more options to invest their capital, with access to increased scale and new business volumes. But is it financially sound?
A group of 29 plaintiffs claim that Penn Mutual Life Insurance Co. and several co-defendants ran a tax-avoidance scam around whole life insurance policies.
A Utah judge paused an emergency order banning Sentinel Security Life Insurance Co. from writing new business nationwide.
Empower CEO Edmund Murphy III isn’t ready to sound any alarms over the tumbling stock market, which fell more than 3,000 points in one month.
Creating a new asset class could help more Americans access the guaranteed lifetime income options studies show are needed to help avert a mass retirement crisis.
For the first time ever, total quarterly annuity sales surpassed $100 billion in all four quarters of the year.
A consumer advocacy group claims that the National Association of Insurance Commissioners enjoys widespread power and influence without the accompanying transparency,
Plans to slash the Social Security Administration workforce from 57,000 to 50,000 might not directly involve benefits, but many stakeholders are nervous nonetheless.
A group of medical providers, led by the Temple and Penn State health systems, opted out of a Blue Cross Blue Shield antitrust settlement and filed their own lawsuit Tuesday.
Regulators are ready to hit the home stretch on an asset adequacy testing guideline for offshore reinsurance. But that does not mean everyone is happy.
UnitedHealth Group and top executives are asking a Minnesota court to toss a shareholder lawsuit alleging that it caused stock prices to dive by withholding damaging information.
A Massachusetts judge will allow the Securities and Exchange Commission to call five disputed witnesses in an upcoming trial over annuity sales by advisor Jeffrey Cutter.
Globe Life, Inc. faces a pair of lawsuits filed this week over a June 2024 data breach that exposed as many as 850,000 policyholders.
Despite extended low interest rates and a trend toward riskier investments, U.S. life insurers’ are maintaining solid cash liquidity reserves, Morningstar reports.
