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Kyle Busch, PacLife reach confidential settlement, seek to dismiss lawsuit

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Image shows race car driver Kyle Busch
Kyle Busch is settling an explosive lawsuit accusing PacLife of IUL fraud.

NASCAR driver Kyle Busch and his wife, Samantha Busch, have reached a confidential settlement with PacLife and two other defendants.

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Several major oil companies are asking a federal court to pause discovery deadlines in a climate-related lawsuit.

A group of major oil companies is asking a State of Washington federal court for a stay of discovery deadlines in a climate-related lawsuit.
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The Connecticut insurance commissioner is opposed to allowing large policyholders to intervene in the PHL Variable liquidation proceedings.

There is “no basis” for large policyholders to intervene in the PHL liquidation process, and Judge Daniel J. Klau should deny such requests, Connecticut regulators say.
Images shows a man and a thought bubble with the numbers, "27%!"
Regulators are beginning what is sure to be a long process to update the illustrations regulation.

Current annuity illustrations from top sellers show returns as high as 27% in one year, said Ben Slutsker, director of life actuarial valuation at the Minnesota Department of Commerce.
Image shows a football and the words, "Medicare Fraud."
Authorities say a former NFL player defrauded Medicare out of nearly $200 million by selling patient information and sham doctors’ orders for orthotic braces that patients did not want or need.

Joel Rufus French sold patient information and sham doctors’ orders for orthotic braces that patients did not want or need.

The National Association of Benefits and Insurance Professionals Board of Trustees announced that, effective immediately, Jessica Brooks-Woods is no longer serving as the association’s CEO.