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Everspan Insurance Acquires Nation’s Second-Oldest Insurance Company

October 11, 2021

NEW YORK–(BUSINESS WIRE)–Ambac Financial Group, a financial services holding company, today announced that its subsidiary, Everspan Insurance, has completed the…

Preferred Mutual Appoints New CEO And COO

October 11, 2021

New Berlin, NY – Preferred Mutual Insurance Company announced that they have promoted R. Benedikt Sander to the role of…

Homeowners Keeping A ‘Smart’ Eye On Their Residences

October 11, 2021

Events over the past 18 months have kept homeowners at home more than ever before. With more employers embracing a…

Crump Names New President; Promotes Carney To CEO

October 11, 2021

Harrisburg, PA. (Oct. 11, 2021) — Crump Life Insurance Services today announced that Michael Martini has been named president of…

Plan Sponsors Show Strong Interest In Guaranteed Lifetime Income

October 11, 2021

MINNEAPOLIS – Oct. 11, 2021 – Plan sponsors overwhelmingly see the value of guaranteed lifetime income options according to new…

Michigan Regulators Charge 14 People With Filing False Insurance Claims

October 11, 2021

A joint investigation conducted by the Michigan Department of Insurance and Financial Services (DIFS) and the Ogemaw County Sheriff’s Office has led to insurance fraud and identity theft charges against 14 individuals for allegedly submitting nearly $3 million in false insurance claims.

No Stones Left Unturned: Prime Insures Rolling Stones ’21 Tour

October 11, 2021

The Rolling Stones have kicked off their 2021 No Filter Tour, and Prime Insurance Company has agreed to insure the event with Prime’s contingency policy – allowing Prime to insure the tour when others would not.

October 11, 2021
Georgia wants to set up its own health insurance marketplace.
The federal government says Georgia's health insurance marketplace plan does not meet regulations.

Judge Rules Against Washington State’s Ban On Use Of Credit Scoring

A Washington state Superior Court judge granted a narrow ruling Friday in favor of the insurance industry’s argument against Insurance Commissioner Mike Kreidler’s emergency rule temporarily banning the insurers’ use of credit scoring.

New York Life Adds New Individual DI Product

October 8, 2021

NEW YORK–New York Life announced the launch of MyIncome Protector, the first in a suite of solutions designed to replace…

FPA Launches Community To Support Neurodivergent Financial Planners

October 8, 2021

DENVER — To welcome and support the learning and thinking differences of neurodiverse financial planners, the Financial Planning Association announced…

Transamerica Expands Availability Of Stable Value Option

October 8, 2021

Transamerica announced the availability of its flagship stable value option, the Transamerica Guaranteed Investment Option, on an investment-only basis. The…

Federal Life Launches Digital Currency Variable Annuity

October 8, 2021

RIVERWOODS, Ill., (GLOBE NEWSWIRE) — Federal Life Insurance Company an Illinois-domestic carrier with a history dating back to 1899, today…

Half Of US Employers Challenged By Educating Workers On Benefits

October 8, 2021

BOSTON /PRNewswire/ — Despite 93% of employers finding it important to be part of their employees’ long-term financial wellness through…

For 2022, Employers Focus on Benefit Improvement, Not Cost-Cutting

October 8, 2021

Employers expect health benefit cost to rise 4.7% on average in 2022 compared to 2021, according to early results from…

October 7, 2021
Several retired NBA players were charged with defrauding the league's health care plan Thursday.

18 NBA Players Charged With Defrauding The League’s Health Plan

Eighteen former NBA players have been charged with defrauding the league’s health and welfare benefit plan out of about $4 million, according to an indictment Thursday in New York.

October 7, 2021
Workers surveyed recently say they are happy with their employer benefits
Benefits will likely be a bigger factor in employment decisions in the future, employees say.

Most Workers Expect Workplace Benefits To Gain Value: Voya Survey

Most employees expect their workplace benefits to play a larger role in their future job selection (68%) and in their household financial decisions (61%), according to a survey by Voya Financial.

October 6, 2021
A former Philadelphia police officer is charged with insurance fraud.

Arizona IMO Seeks Bankruptcy Protection From IUL Fraud Fight

A prolific pension fraud scheme that spread to the insurance industry before being shut down by federal investigators has led to dozens of lawsuits and Chapter 11 bankruptcy for an Arizona IMO.

October 6, 2021

Life Insurance Sales Strong Across Product Lines In 2Q, Wink Reports

Non-variable universal life sales for the second quarter were $779.2 million, up 19.9% when compared to the first quarter, Wink reports.

October 6, 2021
How

Column: Diagnosing The Disconnect Is Key To Closing The Coverage Gap

The COVID-19 pandemic did more than give life insurance a boost: It offered a glimpse into what’s possible when the industry dares to think big.

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