Pacific Life brings new indexed universal life product to market
Pacific Life Insurance Co. is out with a new flagship indexed universal life insurance product.
Annuity sales up 21% in the first quarter, LIMRA reports
Annuity sellers had another very strong quarter in Q1, with $113.5 billion in sales, 21% higher than the first quarter 2023.
‘Major changes’ required of producers under DOL fiduciary rule: analyst
It will require “major changes” from insurers on down for independent producers to get into compliance with the Department of Labor’s new fiduciary mandate by September, a leading analyst said.
The definition of insurance and why it matters for captives
The IRS declines to adhere to a coherent definition of insurance and leverages byzantine case law against taxpayers in an arbitrary and capricious manner.
AIG violated unfair practices, but cleared of acting in bad faith
A Florida jury has cleared AIG of acting in bad faith, but awarded an unspecified amount of compensatory damages in storm damages case.
Amid swirl of lawsuits, stock drop, Globe Life execs say allegations unfounded
Globe Life executives addressed swirling allegations during a first-quarter earnings call Tuesday, aggressively refuting a litany of lawsuits, accusations and investigations it faces.
Fiduciary rule to take effect Sept. 23, setting stage for major changes, legal battle
Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long-awaited, and industry despised, Retirement Security Rule.
Former Army financial counselor guilty of ripping off Gold Star families
Caz Craffy, former financial adviser in the Army, pleaded guilty last week to scamming grieving Gold Star families out of millions through a series of insurance fraud schemes.
Best practices for identifying compliance risks
Compliance incident management involves identifying, evaluating and mitigating incidents that might constitute breaches of laws, regulations or company policies.
Report: DOL to release fiduciary rule Tuesday
The Department of Labor is set to release its long-awaited fiduciary rule on Tuesday afternoon, the American Retirement Association reported today.
Help parents of special-needs children plan for their financial future
Parents of a child with special needs are haunted by one question: “Who will take care of my child when I’m gone?”
State genetic information bans not necessary, life insurance lobbyists say
A 2020 Florida law banning life insurers from using genetic information prompted industry trade groups to educate lawmakers on how life insurance works.
The 1960s – the decade and the workers who were born in it
The unique intersection of a decade, an age bracket and the value they bring to organizations.
MassMutual partnership with Insurify enables advisors to help clients comparison shop for P/C
MassMutual financial professionals can now offer their clients and prospects property/casualty insurance, thanks to a partnership between MassMutual and Insurify.
NY lawsuit over premium financing tests oversight promised by Reg 187
A premium financing deal gone bad in New York State could test the state’s tough Regulation 187 best-interest rule.
Spiraling insurance costs spur homeowners to seek a la carte coverage
Due to spiraling homeowners insurance costs, more people are opting for insurance coverage for what they might truly need, a la carte.
What to include in a digital estate plan
What does this mean when it comes to estate planning and what information should we include for the loved ones we’ll leave behind?
As Q1 2024 earnings near, insurance industry outlook brightens
As first quarter 2024 financial results near, most analysts and execs predict a good – or even better – outlook for insurance carriers.
Women share their challenges in the financial services industry
As women make their way up the corporate ladder in the largely male-dominated financial services industry, many have faced obstacles.
