Lincoln Financial’s strategic changes spur strong Q2
Lincoln Financial Group sees strong Q2 financial results, with net income significantly boosted by strategic actions, favorable market.
This surprising factor is driving independent advisor job dissatisfaction
A new study by J.D. Power has found a drop-off in company leadership is driving job dissatisfaction among independent financial…
KKR makes full use of Global Atlantic ownership during strong Q2
KKR executives touted the full earnings potential of Global Atlantic Financial Group beyond its powerful annuity sales during a call with analysts.
Feds seek $1.5M forfeiture from Greg Lindberg after bribery conviction
Federal government attorneys are asking a court to order forfeiture of nearly $1.5 million in funds previously seized from disgraced financier Greg Lindberg.
SEC’s ‘best interest’ Reg BI rule fails to live up to initial promise, panel says
The Reg BI “best interest” rule adopted by securities regulators five years ago has not nearly lived up to its promises, a panel says.
Regulators push for draft reinsurance guideline by summer meeting
A state insurance panel plans to preview a draft actuarial guideline aimed at tightening oversight of offshore reinsurance assets at its August summer meeting in Chicago.
Second stay granted to defendants suing the DOL over its fiduciary rule
A second federal judge granted a stay of the effective date Friday halting the Department of Labor’s Retirement Security Rule until the full case can be heard.
DOL unrepentant after fiduciary rule plaintiffs prevail on injunction
One day after a Texas judge granted a preliminary injunction freezing its current fiduciary rule, a DOL spokesperson said regulators continue to believe in the strategy.
1 in 7 Floridians lacks homeowners insurance despite major climate risks
About 1 in every 7 Floridian homeowners is choosing to go without property insurance, despite the risk of catastrophic weather events.
Texas court stays DOL fiduciary rule
Saying the plaintiffs were likely to succeed on the merits of their claim, a Texas court has stayed the DOL’s 2024 fiduciary rule.
Bill filed to reinstate recently overturned Chevron doctrine
Saying the courts and corporations have hijacked the government, a group of senators have filed a bill to reinstate the Chevron Doctrine.
Regulators discuss the benefits of updated IRMA language for receivership
An insurance panel reminded state regulators that updated rules are available to help consumers get more funds from a receivership case.
Annuity sales set another record in first half of 2024
Total annuity sales hit a whopping $215.2 billion in the first half of 2024, a 19% jump from prior year results, according to preliminary results from LIMRA’s U.S. Individual Annuity Sales Survey.
Texas judge weighs ‘party restrictive’ injunction to halt DOL fiduciary rule
A Texas judge could decide this week on a preliminary injunction request to freeze the Department of Labor’s latest fiduciary rule.
Brighter outlook seen for insurance industry Q2 earnings
As insurers prepare to release Q2 financial earnings, some, if not many, of the negative factors they’ve faced recently have diminished.
Regulators hear industry ire over proposals to toughen reinsurance deals
Life insurers are unhappy with proposed tougher reinsurance oversight and let regulators know Monday during a working group call.
Despite expectations, insurance industry M&As continue to decline
An expected pickup in insurance industry mergers and acquisitions has not yet materialized with a decrease in the first half of this year.
Insurers’ lawsuit over AM Best ratings delayed again amid settlement talks
A New Jersey judge granted another extension Friday to give AM Best and two life insurers more time to finalize an agreement to end a lawsuit over negative ratings.
Health insurers likely to feel impact of SCOTUS Chevron ruling
Health insurers and the broader health care industry brace for impact from the recent landmark SCOTUS Chevron deference doctrine ruling.
