Michelle Shropshire, 55, of Waldorf, Md., and Harlisha Jones, 50, of Clinton, Md., and Washington, D.C., pleaded guilty today in U.S. District Court in connection with a health care fraud scheme in which they conspired to obtain fraudulent health care and disability payments totaling nearly $60,000. Shropshire also admitted to spearheading a broader scheme involving…
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Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, Inc., today announced a new distribution relationship between its principal subsidiary Protective Life Insurance Company and Alfa Insurance, bringing together two Alabama‑ founded companies with longstanding commitments to serving families and communities.
Indiana woman refiles National Life lawsuit over IUL that returned 0%
An Indiana woman, unhappy with an indexed universal life policy that returned 0%, refiled a lawsuit against National Life companies.
Taiwan never targets a level for its currencyat least, that is what the CBC, maintains. It is of course pure coincidence that the CBC's intervention spiked when the Taiwan dollar appreciated toward 29 last spring. The CBC maintains that it is not worried at all about the impact that any sustained appreciation of the Taiwan dollar would have on the massive open…
Insurance industry is healthy but uncertain in 2026
Insurance industry CEOs are positive, despite being challenged by implementing artificial intelligence and dealing with a shrinking workforce.
AM Best has downgraded the Financial Strength Rating to B from B++ and the Long-Term Issuer Credit Rating to“ bb+” from“ bbb” of Atlantic Coast Life Insurance Company and Sentinel Security Life Insurance Company. Both companies are collectively referred to as A-CAP Group. A-CAP Group is taking deliberate steps to rebuild and re-establish its brand presence in this…
Maryland Attorney General Anthony G. Brown issued the following news release on Jan. 22, 2026:. The investigation was led by the Maryland Office of the Attorney General's Fraud and Corruption Unit and the Maryland Insurance Administration. From October 16, 2017, through November 24, 2021, she submitted in excess of 100 fraudulent claims with fraudulent…
‘Baseless claims’: PacLife hits back at Kyle Busch in motion to dismiss suit
Pacific Life Insurance Co. responded Thursday to racing superstar Kyle Busch’s indexed universal life lawsuit, filing more than 1,000 pages worth of exhibits in a motion to dismiss.
She was born April 28, 1948, in Harrison, Ohio, daughter of Walter S. Wakefield and Florence M. Johnston. After graduating from Miami University, Melinda had two full careers before retiring, first at Union Central Life Insurance Company in Cincinnati and then at the Disabled American Veterans national headquarters when it was in Cold Spring, Kentucky.
Pacific Life Insurance Company on Thursday asked a federal court to dismiss the $8.5 million lawsuit filed by NASCAR champion Kyle Busch and his wife over policies the Buschs claim were sold to them under false and negligent representations as tax-free income for retirement. The filing in the Western District of North Carolina— the same court that just heard…
The investigation was led by the Maryland Office of the Attorney General's Fraud and Corruption Unit and the Maryland Insurance Administration. Boston then applied for supplemental policies in her own name from AFLAC, as well as policies in the name of numerous other individuals, both real and fictitious. From October 16, 2017, through November 24, 2021, she…
Symetra Life Insurance Company is celebrating its 50 th anniversary as a stop loss provider— marking five decades of helping employers protect their self-funded health plans from high-cost claims and rising medical volatility. Since then, self-funded health plans have gone mainstream, now covering over 60 percent of workers in the U.S. 1 With rising costs…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Meiji Yasuda Life Insurance Company. Following market-driven fluctuations in unrealised gains on securities, the company’ s absolute capital retreated from its peak of JPY 5.8 trillion between March 2024 and March 2025, though it has since recovered by…
A decade in decline: PHL Variable serving as a cautionary tale
The decade-long downward spiral of PHL Variable Insurance Co. has Connecticut regulators on the verge of liquidation proceedings.
Conn. Insurance Dept. answers questions on PHL Variable’s $2.2B plight
The Connecticut Insurance Department agreed to answer InsuranceNewsNet’s questions regarding its oversight of PHL Variable through the years.
Delaware Life Insurance Company, a Group 1001 company, announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity portfolio, making Delaware Life the first insurance carrier to offer an index that contains cryptocurrency. The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is designed to deliver:.
Guaranty Income Life Insurance Company, a leading provider of fixed indexed annuities, celebrates its 100th year of supporting the financial needs of hard-working Americans. “It takes perseverance, dedication, and integrity to help families protect their wealth for 100 years,” said Joe Wieser, President of Guaranty Income Life Insurance Company.“ Our…
Delaware Life Insurance Company, a Group 1001 company, today announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity portfolio, making Delaware Life the first insurance carrier to offer an index that contains cryptocurrency. The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is designed to deliver:.
Suitability standards for life and annuities: Not as uniform as they appear
Suitability standards for life insurance and annuities haven’t stood still.
Does anyone have experience with Transamerica Life Insurance or UHC through AARP? The biggest determining factor in future rates is company profitability or loss year to year on each letter plan they offer, and rate increases must be approved by a state Insurance Commission with proof it's warranted. For example, everyone in Pennsylvania who has United…
