The regularity of severe weather and fire events across the US last year led to the US natural hazard & fire…
LIMRA Sees A More Robust 2021 Life Insurance Sales Forecast
The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.
76% Of Workers Worry About Retirement Money
Retirement plan participants are worried about running out of money, losing income or not being able to afford medical expenses, according to an American Century survey.
Sharity Ministries, Inc., formerly Trinity Healthshare, Inc. has filed for bankruptcy and has ceased operating, Connecticut Insurance Commissioner Andrew N. Mais announced today.
July Life Insurance Activity Drops After 2020 Spike, MIB Says
This decrease is largely attributable to a spike in activity that occurred in July 2020 as the industry rebounded from the impact of the COVID-19 pandemic.
California Charges 2 With 36 Counts Of Felony Insurance Fraud
California regulators have charged two people with 36 felony counts of insurance fraud and grand theft for collecting long-term health care benefits allegedly as a result of fraudulent claims.
MINNEAPOLIS – Aug. 10, 2021 – After the disproportionate economic and career impacts that the COVID-19 pandemic dealt women, an…
Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.
The amount of money that insurers expect to pay for the 2020 hurricanes continues to grow, albeit more slowly, as Louisiana gets further away from last year’s historic storm season.
Washington, DC | The National Legal and Policy Center (NLPC) blasted the Securities and Exchange Commission (SEC)’s for its recent approval on Friday, August…
Spenders Into Savers: The Great American Shift
The data shows Americans saved more of their money during the pandemic, largely because they could not spend it. But studies are showing that Americans might be changing their identity from consumers to savers.
The Idaho Department of Insurance (DOI) received preliminary health insurance premium rates from health insurance carriers for plans sold starting January 2022.
Iowa Insurance Producers Plead Guilty To Health Insurance Fraud
Insurance producers Jonathan Adam Schlue of Davenport, Iowa and Whitney Michelle Roth of Clinton, Iowa, were recently sentenced in Scott County District Court after pleading guilty to their parts in a healthcare insurance fraud scheme.
Gov. John C. Carney signed legislation last week making Delaware the 45th state, plus Puerto Rico and Washington D.C., to join the Interstate Insurance Product Regulation Compact.
Brookfield Acquires American National Group In $5.1B Deal
Brookfield Asset Management Reinsurance Partners is acquiring American National Group in a $5.1 billion deal announced this morning.
Annuities Help Boost AIG To 2Q Surprise
New AIG CEO Peter Zaffino fleshes out details of the company’s spin-off of its life and retirement business, which it plans to sell in an initial public offering in the first quarter of 2022, with Blackstone being a minority owner.
Idaho Suspends Radio Host’s Producer License For String Of Violations
The insurance producer license of Daniel Van Patten, the host of Safe Money Radio Show and president of Assure Financial Service, was revoked effective July 27, 2021 by the Idaho Department of Insurance.
Lincoln Gains Traction In 2Q With Indexed Variable Annuities
Lincoln Financial has best boost in income because of its registered index-linked annuities, as the company expands its offerings and distribution.
Combo Life Product Sales Plummeted In 2020, LIMRA Reports
After strong results in 2019, total new premium for individual life combination products decreased 23% to $3.7 billion in 2020, according to LIMRA’s 2020 U.S. Individual Life Combination Products Annual Review.
