Wednesday’s blockbuster AIG-Blackstone deal is likely to power up both companies in their respective worlds of insurance and private equity, according to a leading industry analyst.

Life insurance application activity ended the second quarter up 7.3% for the year, the MIB Life Index reported.

American International Group is selling a 9.9% equity stake in AIG’s Life & Retirement business to Blackstone for $2.2 billion in an all-cash transaction.

Households with $5 million-plus in investable assets grabbed over 80% of the COVID market runup, while mass affluent households with $100,000 to under $500,000 declined in number.

Ronnell Nolan, president and CEO of Health Agents for America, discusses recent developments in Washington, how they affect the independent health insurance agent and broker, and what you need to know in order to be compliant.

Prosecutors allege that suspended Georgia Insurance Commissioner Jim Beck was running a $2 million scam to bilk money from the property insurer he led before being elected.

Customers want real-time access to their agents, immediate updates to claims filed online and the ability to access policy information at the push of a button.

Regulators are focused on two options for “run-off” or “legacy” books of business: insurance business transfer laws, or the more arcane “division” framework.

An estimated 3 million people nationwide have left their jobs earlier than expected since the pandemic began in March 2020, according to the U.S. Bureau of Labor Statistics.

For those who rely heavily on Social Security benefits to pay their bills, the recent uptick in prices in what seems just about everything are cause for concern.