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.
Financial reporting documents by Brookfield Asset Management Reinsurance and an insurer it acquired last year are raising renewed questions about private equity control over policyholder funds.
Legislation to hold dental providers to a minimum expenditure of funds on patient care might be a win for consumers, but it’s also driving providers from the market, critics say.
A lawsuit against Pacific Life by a Washington couple dissatisfied with a PDX indexed universal life policy is back on track after a round of refilings.
State insurance regulators advanced 2024 charges today and revealed no plans to confront a full-scale rewrite of the life insurance illustrations model.
A lawsuit brought by Country Mutual Insurance Co. policyholders alleging the insurer is hoarding profits was sent back to Illinois state court this week by a federal appeals court.
A Florida judge rejected two appeals Monday and postponed sentencing again for Phillip Roy Wasserman, convicted of orchestrating a massive fraud scheme on senior citizens.
State insurance regulators received 202 pages of comments on a draft model bulletin on use of artificial intelligence and related technology by insurers.
Matthew Motil, host of the podcast, “The Cash Flow King,” fraudulently raised approximately $11 million from more than 50 investors in a Ponzi scheme, the Securities and Exchange Commission said.
Fee caps remain a key issue as state insurance legislators near completion of a model law to better regulate public adjusters.
At its peak, the labor shortage in finance and insurance hit an estimated 500 million openings. That number is declining, but larger economic concerns remain.
A North Dakota district judge denied a motion to dismiss and granted a preliminary injunction to Insurance Commissioner Jon Godfread in a dispute between insurance regulators over a long-term care financial settlement.
Rules and regulation is top of mind now in financial services as artificial intelligence, climate change, fiduciary duty and private equity are all drawing attention.
Government prosecutors and Phillip Roy Wasserman are waging an escalating battle of obstruction charges as a Florida judge prepares to sentence the former “Annuity King” on fraud charges.
California lawmakers fell short in a bid to reform the state’s insurance market last week through a legislative package.
North Carolina regulators are releasing funds to long-suffering policyholders who own life insurance and annuities with insurers formerly controlled by Greg Lindberg.
The DOL filed a brief reiterating its defense of investment advice rules published during the Trump administration. Those rules were sued in Florida and Texas upon taking effect in February 2022.
The Department of Labor finished its fiduciary rule last week. Analysts say prohibited transaction 84-24 is the place to look for changes once the rule details are known.
Just 52% of U.S. adults report having life insurance, down from 63% in 2011, LIMRA reported. Other sales data were much more positive during the second quarter.
Industry trade organizations blasted the Securities and Exchange Commission’s “continued war on technology” in a comment letter addressing a new rule proposal.
The Department of Labor sent its long-delayed fiduciary rule rewrite to the White House Office of Management and Budget late Friday.
