JKS Financial, a leading financial services and wealth management firm, announces the opening of its new office location in Sewickley, PA. This expansion reflects JKS Financial’ s continued growth and its commitment to delivering personalized, high-quality financial planning and wealth management services to clients across the Pittsburgh region.
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–Farmers New World Life Insurance Company, recently announced a cybersecurity incident, which impacted the personal information of tens of thousands of individuals. Lynch Carpenter is a national class action law firm with offices in Pennsylvania, California, and Illinois. CONTACT Jerry Wells COMPANY Lynch Carpenter LLP PHONE 322-9243 EMAIL…
Prudential Financial, Inc. announces the expansion of its EssentialTerm Suite for policies of $250,000 face amount and above, offering more consumers greater choice to match their individual needs and budgets. Prudential’ s EssentialTerm Suite features two enhanced term life solutions issued by Pruco Life Insurance Company. “At Prudential, we recognize…
Securian Financial has entered the individual annuity market’ s fastest-growing segment with the launch of AccumuLink™ Advance, a registered index-linked annuity. “We are excited to enter the RILA market with a product we’ re proud of and believe will be appealing to financial professionals and consumers alike,” said Andrea Piepho, Securian Financial second…
Last week, during the National Association of Insurance Commissioners' Summer National Meeting in Minneapolis, Minn., NAIC members voted to adopt three proposals that will further protect consumers by helping guarantee insurers have the resources to pay policyholders' claims. This action comes after the NAIC Life Insurance and Annuities Committee passed…
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 2, today launched Jackson Income Assurance℠ and Jackson Income Assurance℠ Advisory, fixed index annuities with an embedded guaranteed minimum withdrawal benefit 3. The new products provide protected lifetime income 4 with additional opportunities for…
AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Leaders Life Insurance Company. The acquisition of Leaders Life by TPH Insurance Hold Co LP and its affiliates closed on May 1, 2025. Following the acquisition, Truss Peak made a $6 million capital…
Gracie Point, formed in February 2010, is in the business of financing life insurance policy premium payments. This transaction is secured by a special unit of beneficial ownership interest of Gracie Point Collateral Trust. The Collateral Trust holds participations in premium finance loans and a portion or all of the beneficial interest in certain…
Symetra Life Insurance Company, a national provider of life, retirement and employee benefits insurance products, announced that it has been named to the 2025 PEOPLE ® Companies That Care List™, coming in at No. 71 among the top 100 organizations recognized. Compiled by Great Place To Work ® and PEOPLE magazine, the annual list honors companies that“ go the extra…
Catherine Blakespear, D- Encinitas, who is trying to push a simple bill over the finish line in Sacramento. Of the 10 states that have such a law, California is the only one with an expiration date. "You" ve crossed a higher hurdle, being open to having these conversations, " Mark Greenberg, an attorney and executive director of End of Life Choices California, told the crowd."
New York Life Group Benefit Solutions today announced it has been named a strategic Workday Wellness partner. “Benefit solutions should evolve to meet employers’ changing needs, centered on a seamless and integrated end-to-end benefits experience,” said Kristina Welke, vice president, Strategy, Solutions, Marketing at New York Life Group Benefit Solutions.“ At…
Judge lets $67M premium financing lawsuit against MassMutual, Penn Mutual move forward
A lawsuit filed by Montana funeral directors, who claim that a premium financing “scheme” cost them millions, can proceed after a judge denied a motion to dismiss last week.
Principal Financial Group ® today announced that Deanna Strable, president and chief executive officer, has been elected chair of the board by the company’ s board of directors, effective September 2, 2025. Deanna Strable elected Principal board chair. "Dan Houston’s remarkable 40- year legacy has been instrumental in Principal’s growth and success," says…
AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb” of Jubilee General Insurance Company Limited. In addition, the rating action considers improvements in the economic, political and financial system risks in Pakistan.
According to new research from Corebridge Financial, Americans with life insurance are significantly more likely to say that their spouse or dependents would be able to manage financially without them, with an impressive 47% of those with life insurance saying they are either completely confident or very confident, compared to just 28% for those without…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Fidelity Security Assurance Company. The outlook assigned to these Credit Ratings is stable. The company grew out of a desire for increased synergies and diversification with its affiliated company, Fidelity Security Life Insurance Company and Forrest T. Jones…
Delaware Life Insurance Company, a Group 1001 company, announces Barron’ s has included the Accelerator Prime ® Variable Annuity in their“ 100 Best Annuities” annual list, marking APVA’ s sixth consecutive appearance in the list. This achievement underscores the strength of our company and our commitment to providing innovative products that help secure the…
NAIC gets pushback on fast-track effort to add ‘rigor’ to 33-year-old RBC standard
State insurance regulators are moving with alacrity on a controversial plan to overhaul the risk-based capital (RBC) framework by the end of 2025.
2025 AUG 15– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ DEARBORN LIFE INSURANCE COMPANY” by Kristin Grant GRANT ATTORNEYS AT LAW PLLC, representing Health Care Service Corporation. This application was made…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. AM Best also has affirmed the FSR of A- and the Long-Term ICRs of“ a-” of Kemper’ s life subsidiaries,…
