Genworth Financial has placed Chief Financial Officer Martin Klein in charge of overseeing two business units the company has targeted for possible sale…
A consumer representative ticked off a long list of concerns he has about the contingent deferred annuities during a conference call with regulators this week…
Two former Texas investment executives have been sentenced to 10 years each in prison in connection with a life settlement fraud scheme they operated until 2009…
Thank you for your coverage about the Buyer’s Guide in your most recent article in Insurance News Net (INN) titled “States Continue Push for Annuity Commission Disclosure” on February 18…
Some 86 percent of insurance chief executive officers plan to increase their investments in technology this year, consulting firm PwC (formerly PricewaterhouseCoopers) noted in its most recent report on the state of the industry…
A new insurance policy unveiled by Minnesota Life includes a unique Income Protection Agreement (IPA) that lets the policyholder decide when and how death benefits will be paid…
Annuity sales declined 8 percent in 2012, according to LIMRA’s fourth quarter “2012 U.S. Individual Annuities Sales” survey, which represents data from 95 percent of the market…
MetLife is preparing to sell its U.K. bulk annuities business, according to news reports…
Three in 10 American households are uninsured and half say they are underinsured. Lincoln Financial Group officials predict that 2013 will see the return of innovation in financial products as a result…
How are insurance companies preparing to survive—and maybe thrive—in this era of “stable instability?”…
Following a 2-year courtship, Great-West Lifeco has agreed to acquire Irish Life Group from the Irish government for $1.73 billion…
A few state insurance regulators are continuing to push for increased disclosure of annuity agent commissions…
More than half of Gen X and Gen Y consumers admit having little or no knowledge about investments and financial products, according to a recent LIMRA study…
Gerber Life Insurance will turn to MajescoMastek, an information technology provider to insurance companies, to help it overhaul its technology as part of a two-year transformation initiative to modernize its core policy administration processes…
More than half of Gen X and Gen Y consumers admit having little or no knowledge about investments and financial products, according to a recent LIMRA study…
A few state insurance regulators are continuing to push for increased disclosure of annuity agent commissions…
Ratings agency A.M. Best has revised its outlook for Fidelity Security Life Insurance Co. and its New York subsidiary to negative from stable, according to a statement…
MetLife blamed a fourth quarter profit decline of 87 percent on costs related to lower interest rates and annuities…
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Deutsche Bank Securities and a former advisor to pay two investors and their trusts a total of $934,000…
