Overall, 7 in 10 life insurance carriers — including nine of the top 10 — reported increases in new annualized premium in the first three months of 2021.
Death benefits paid by U.S. life insurers surged to a new high on an absolute basis in the first quarter as a resurgence of COVID-19 contributed to adverse mortality for several leading carriers, S&P Global Market Intelligence reported.
Congress has a number of tax and debt related issues to deal with over the summer and fall, members of the National Association of Insurance and Financial Advisors were told at their virtual Congressional Conference.
A state regulator group reversed course today and approved a definition of accelerated underwriting, and related data elements, after a torrent of criticism.
In an era when regulators are tightening standards around fee transparency and disclosure, it is clear than consumers want clarity and are not finding it, according to the Hearts & Wallets survey.
First Unum Life Insurance Company of America and Paul Revere Life Insurance Company will pay a $1.8 million penalty to New York State for violations of DFS’s Cybersecurity Regulation.
Several consumer groups are accusing life insurers of obstructing an effort by state insurance regulators to establish guidelines for accelerated underwriting.
Indexed life sales were back on the uptick in the fourth quarter 2020 while the death knell sounded for traditional universal life insurance. That was the word as Wink, Inc. released the fourth quarter 2020 life sales results.
The U.S. economic recovery is now in full swing. Despite the natural challenges of ramping back up, the recovery still seems capable of providing upside surprises.
A settlement has been reached between the Connecticut Insurance Department, Michael Scheinman, a state licensed insurance producer, and Accu-Health Insurance Advisors, LLC, to settle an investigation into selling a medical discount plan as an insurance product.
With “normal” finally within sight, brokers and their customers are coming to grips with the ripple effect the COVID-19 pandemic has had on every aspect of the health care industry — and, in many respects, how America does business.