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Life insurance underwriting reports are at the center of a class-action case involving allegations of mismatched medical and prescription records. Milliman denies wrongdoing, and the settlement awaits court approval.
Fresh off a $19 billion reinsurance deal with Voya Financial that closed in December, Athene CEO James Belardi said the company is open for business and hopes to close similar deals in 2018.
Technology, regulations and low interest rates are all 2018 trends that will keep the U.S. life segment in the negative, analyst A.M. Best concluded in a new report. But it is not all bad news, the report found.
Regulatory pressure and low interest rates drove Allianz Life Insurance premium 16 percent to $11 billion last year compared to 2016, execs reported.
Insurers have great opportunities to branch out into other services, such as employee benefits, and a new survey finds companies eager for insurers to adapt.
Voya executives say during the quarterly earnings call that the company will have to drop its annuities before seeing if the individual life business is viable for Voya.
MetLife CEO issues a mea culpa on recent news that the company took a $510 million pretax charge for the fourth quarter. The company outlined a series of corrective steps in a conference call with analysts.
A review of procedures used to estimate reserves related to group annuitants led Brighthouse Financial to financial adjustments negatively impacting its fourth-quarter numbers.
The National Association of Insurance Commissioners wants to produce a annuity transactions best interest model law each state could then adopt. But its draft law is drawing fire from both sides who consider it both too weak and too strong.
Brighthouse Financial reported a fourth-quarter annuity sales increase of 26 percent to $1.34 billion over the year-ago period. The company credited its popular buffered variable annuities (VA) for the strong showing.
When it comes to planning for long-term care, advisors and clients have three main options — self-insure, long-term care insurance and life insurance with a long-term care rider. All have positives and negatives.
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