Ohio National executives today announced an expansive reorganization plan to demutualize the company. The deal includes the conversion of Ohio National Mutual Holdings to a stock company and the issuance of all of its newly issued stock to Constellation Insurance Holdings.
In a competitive market in which advisors are squeezed for costs, the means for differentiation are an advisor’s time and attention.
Colorado Democrats introduced a bill in the state legislature that opens the door to a statewide health insurance public option if insurance carriers don’t reduce health care premium costs by 20% over the individual and small-group markets.
NEW YORK, March 22, 2021 — AIG Life & Retirement, a division of American International Group, and a leading provider…
However, the report does not look at premiums for 2020 and 2021, in which average benchmark plans on the exchange started creeping downward, the Centers for Medicare and Medicaid Services reported.
In the complaint, lawyers for the Eagles said that “despite best efforts to navigate the pandemic,” the team and its insured subsidiaries “have incurred and continue to incur substantial financial loss” caused by the pandemic and the disruption it caused to businesses everywhere.
This decision to postpone retirement is driven primarily by financial reasons, MetLife said, with respondents citing the top reasons for the delay as a continued need for a monthly income (31%) and that the pandemic has impacted their ability to save (23%).
Some of the proposed changes to the Affordable Care Act could fundamentally shift the way people in our country get their health insurance.
If Chubb absorbs Hartford in the $23 billion deal, it will mark the final stage for a company known to many over the decades as The Hartford, a favorite across the life insurance and property/casualty markets.
By adopting best practices now and having an open mind to the future, advisors can ensure that their post-COVID work policies contribute to a productive, fair and growth-oriented office culture.
Jasmine Jirele was named president and CEO of Allianz Life Insurance Company of North America this week. She spoke with InsuranceNewsNet about the company’s plans in the annuity space, where Allianz is a market leader is registered index-linked and fixed index annuity sales.
In addition to providing funding to carry out the Biden administration’s COVID-19 response plans, the American Rescue Plan contains what Manatt Health called “the most significant changes to health care coverage and access policies since the passage of the Affordable Care Act.”
In the fourth quarter, total life insurance new premium dropped 8%, compared with the record-breaking sales results in fourth quarter 2019. Total policy sales were up 2% in the fourth quarter, according to LIMRA’s U.S. Individual Retail Life Insurance Sales Survey.
President Joe Biden signed the sweeping $1.9 trillion coronavirus relief package last week, and $1,400 checks are already arriving in individual bank accounts. When the checks are getting the most attention, several items in the bill will help small-employer agencies and advisor businesses, trade association executives say.
Des Moines, IA: Charlie Gipple, owner of CG Financial Group and long-time industry expert on annuities, life insurance, long-term care,…
Despite Corporate America’s interest in diversity, equity and inclusion, the workforces, board rooms and C-suites of many financial services companies are not representative of the communities they serve. Members of a conference panel gave their thoughts on how to turn that situation around.
Many in the insurance industry are holding their collective breath as things get back to normal. A major worry is that deferred care will come crashing through the system by this summer, representing a flood of claims once people are willing to see a doctor again.
Think about clients who have money in IRAs, annuities or other brokerage accounts that they are using for emergency funds. Instead of leaving the money in a taxable account, consider repositioning those tax-inefficient dollars into a tax-free solution that offers additional leverage.
The Oregon Division of Financial Regulation issued $220,000 in civil penalties, and Raymond James Financial Services, Inc. agreed to pay $123,279 in restitution to the victims of the excessive trading practices of Gary Dodds.
