Judge orders Greg Lindberg to pay $526 million to policyholders
A North Carolina judge ordered Greg Lindberg to pay $526 million to long-suffering policyholders.
Another large policyholder asks court to intervene on PHL liquidation
Another large policyholder is asking a Connecticut judge to permit an emergency intervention in the pre-liquidation proceedings for PHL Variable.
How to discuss higher deductibles without losing client trust
Higher deductibles create friction for clients, introducing uncertainty at the moments they need coverage most.
Court fines Cutter Financial $100,000, requires client notice of guilty verdict
A Massachusetts judge fined Jeffrey Cutter $50,000 and Cutter Financial Group $100,000 today for an Advisors Act violation involving the sale of fixed indexed annuities.
John Hancock looks to new AI underwriting tool to slash processing time
John Hancock’s new Gen-AI powered underwriting tool may cut down preliminary processing times from one day to just 15 minutes.
Sixth Circuit to review class certification in State Farm vehicle value suit
The Sixth Circuit Court of Appeals agreed Thursday to reconsider class certification granted to plaintiffs suing State Farm over the values it assigns to totaled vehicles.
Life insurance application activity hits record growth in 2025, MIB reports
Life insurance application activity closed the year up 22% in December, the MIB Life Index reported, helping 2025 set a record for growth.
Investors holding $130M in PHL benefits slam liquidation, seek to intervene
Investors holding PHL Variable universal life policies with combined death benefits totaling more than $130 million say they largely funded the company while a failed rehab took place.
Study finds more households move investable assets across firms
Why are an increasing number of households in the U.S. moving investable assets across their financial stores? A recent study takes a look.
Elevance making difficult decisions amid healthcare minefield
Elevance Health navigated the healthcare minefields well enough to post a $547 million profit in the fourth quarter 2025, a 31% increase over the prior-year quarter.
Could workplace benefits help solve America’s long-term care gap?
Industry experts say a new trend of employers offering long-term care solutions could help bridge a coverage gap that’s edging towards a crisis.
$80k surrender charge at stake as Navy vet, Ameritas do battle in court
A retired Navy veteran and his wife are awaiting a court ruling on the fate of $80,000 in surrender charges tied to an equity linked annuity bought from Ameritas.
UnitedHealth earnings plunge 41%, issues soft 2026 guidance
UnitedHealth Group previewed its new reality Tuesday morning with flat revenues and soft guidance.
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.
Does size matter? Comparing 3 top insurance AI solutions
InsuranceNewsNet sat down with three top providers of insurance AI solutions to understand where AI developments are headed in the industry.
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.
‘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.
Winter Storm Fern comes with billion-dollar threat to property insurers
Winter Storm Fern is gathering power and set to unleash potentially billions in property damage and devastation across middle America. Are insurers ready?
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.
