Trade group files first lawsuit against the DOL fiduciary rule
The Federation of Americans for Consumer Choice filed a lawsuit in a Texas federal court Thursday to stop the Department of Labor fiduciary proposal from taking effect.
Apollo riding big annuity sales, investment fees to strong financials
Apollo Global Management continued perfecting its dual-track revenue-generating engine in the first quarter – with annuity sales and investment fees…
Lincoln’s Q1 earnings buffeted, as ‘strategic realignment’ progresses
Lincoln Financial executives said first quarter earnings exceeded their expectations and the company’s “strategic realignment” is progressing.
AIG boosts income off life and retirement, low catostrophic losses in Q1
American International Group reported strong financial results in the first quarter off strong life and retirement sales and lower catastrophic losses.
Prudential boosts Q1 earnings, shutters disappointing Assurance IQ
Prudential Financial recorded stronger first-quarter earnings while cutting ties with the unsuccessful Assurance IQ business.
Equitable execs tout Q1 retirement growth, Wall Street wants more income
Equitable Holdings’ execs touted the company’s registered indexed-linked annuity sales, as well as retirement plan opportunities going forward during a Q1 earnings call.
Skyrocketing auto insurance costs send consumers shopping
The spiraling price of auto insurance policies has made smart shoppers out of a huge percentage of car owners, according to recent surveys.
Revol One Financial retools with new annuity products, big goals
The new regime at Revol One Financial say they have a strategy to compete against big-time life insurers: speed and customer service.
1 in 5 in study admit to considering insurance fraud
Insurance fraud is a pervasive issue in the U.S. A recent study found 1 in 5 respondents have at least considered committing fraud.
IRS again defers minimum distribution penalty for IRA beneficiaries
For the fourth year, the the IRS has punted on the matter of required minimum distribution (RMD) penalties for IRA beneficiaries.
A month later, insurance may be sector most affected by Key Bridge collapse
A month after the Key Bridge collapse, the economic effects are waning, but insurance may be the sector most affected.
Annuity sales up 21% in the first quarter, LIMRA reports
Annuity sellers had another very strong quarter in Q1, with $113.5 billion in sales, 21% higher than the first quarter 2023.
‘Major changes’ required of producers under DOL fiduciary rule: analyst
It will require “major changes” from insurers on down for independent producers to get into compliance with the Department of Labor’s new fiduciary mandate by September, a leading analyst said.
AIG violated unfair practices, but cleared of acting in bad faith
A Florida jury has cleared AIG of acting in bad faith, but awarded an unspecified amount of compensatory damages in storm damages case.
Amid swirl of lawsuits, stock drop, Globe Life execs say allegations unfounded
Globe Life executives addressed swirling allegations during a first-quarter earnings call Tuesday, aggressively refuting a litany of lawsuits, accusations and investigations it faces.
Former Army financial counselor guilty of ripping off Gold Star families
Caz Craffy, former financial adviser in the Army, pleaded guilty last week to scamming grieving Gold Star families out of millions through a series of insurance fraud schemes.
Report: DOL to release fiduciary rule Tuesday
The Department of Labor is set to release its long-awaited fiduciary rule on Tuesday afternoon, the American Retirement Association reported today.
State genetic information bans not necessary, life insurance lobbyists say
A 2020 Florida law banning life insurers from using genetic information prompted industry trade groups to educate lawmakers on how life insurance works.
MassMutual partnership with Insurify enables advisors to help clients comparison shop for P/C
MassMutual financial professionals can now offer their clients and prospects property/casualty insurance, thanks to a partnership between MassMutual and Insurify.
