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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.
A sluggish workforce combined with growth of the online portions of the direct-to-consumer insurance distribution channel has many insurers rethinking lead generation and acquisition methods.
Brighthouse Financial, the newest major life and annuity distributor in the U.S., moved quickly to expand its product line in time for its spinoff from MetLife earlier this month.
Judge rules that independent agents working for American Family Insurance Group are company employees under the Employee Retirement Income Security Act (ERISA). Ruling could open the door for similar lawsuits.
Jackson National is latest life insurance company to report strong second-quarter earnings. The company sold $17 billion worth of variable annuities last year even as the variable annuity market continued to shrink.
The two-week quarterly earnings reporting period for the nation’s major life and retirement insurers finds most of them exceeded expectations.
Allianz SE posted a strong second quarter due to spiking sales of capital-efficient products such as variable annuities without income guarantees, hybrid variable annuities and fixed indexed annuities, company executives said.
Indexed universal life rate projections become slightly less rosy, with about a half percentage point drop on average, according to a Milliman study.
New York State regulators seek information from insurers to determine whether they are using external data sources to underwrite life insurance coverage.
Brighthouse Financial will eliminate surrender charges on a universal life (UL) insurance policy, a move that will give policyholders more flexibility.
The New York Department of Financial Services is requiring more than 3,000 financial institutions to implement a formal cybersecurity policy to address the rising threat of cyberattacks.
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