Generational expectations: A challenge for the industry
Business as usual is no longer sufficient.
Four life insurance agents in Southern California were accused of setting up fraudulent policies and collecting $1.9 million in commission.
Top Stories
Greg Lindberg asks NC judge for no jail time in bribery, fraud cases
Disgraced financier Greg Lindberg is asking a federal judge to sharply reduce his prison time ahead of a consolidated May 26 sentencing hearing.
AI emerges as the biggest risk for financial leaders in 2026
New research from the Society of Actuaries has found insurance and financial services leaders across a range of sectors all named artificial intelligence as the top emerging risk for 2026 and in the years to come.
More Stories
Chinese state TV has shown the founder of the insurance company that owns New York City’s Waldorf Hotel admitting his guilt at a trial on fraud and other charges. Wu Xiaohui, former chairman of Anbang Insurance Group, is accused of fraudulently raising $10 billion from investors and misusing his post to benefit himself.
A long-delayed merger between Henrico County- based insurer Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. is being extended yet again as the proposed deal remains under review by some government regulatory agencies. Genworth, an insurance company with thousands of employees in Virginia, first announced in October 2016 that it had…
Prosecutors say the founder of the Chinese insurer that owns New York City’s Waldorf Hotel is on trial on charges of financial misconduct. Wu Xiaohui was detained after regulators seized Anbang Insurance Group following a multibillion-dollar global buying spree that raised questions about where the company got its money and whether it could pay its debts.
–John Hancock Insurance introduced an improved Protection Universal Life insurance product with extended guarantees and new optional benefits, providing consumers with coverage that offers lifetime protection tailored to meet their individual needs. “Seven years ago, with interest rates at near all-time lows, we designed a breakthrough product with…
AALU today announced that CEO David Stertzer will transition to an advisory role with the association, and that current COO…
MINNEAPOLIS, March 20, 2018 – Although most Americans have a strong understanding of the primary need for life insurance within…
Indexed universal life (IUL) sales kept overall life insurance sales in the black last year. Will it spur more companies to enter the market?
FORT WAYNE, INDIANA – Ash Brokerage, the largest privately held insurance brokerage in the United States, continues to grow with…
LAS VEGAS – The National Association of Insurance and Financial Advisors will launch the NAIFA Center for Excellence in Long…
Des Moines, Iowa. March 14, 2018- Sixty-four life insurance companies participated in the 82nd edition of Wink’s Sales & Market…
New York Life reported another successful year in 2017, with record operating earnings of $2.06 billion and a record $1.8 billion dividend payout.
Growth opportunities for life insurers this year are in group benefits, retail life insurance, pension risk transfer and some international markets, one analyst predicted.
Strong indexed universal life sales helped raise all leaky life insurance boats in 2017, according to LIMRA data.
Total U.S. individual life insurance new annualized premium (premium) increased 1 percent in 2017, compared with 2016 results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey. This represents the fourth year of growth in premium for U.S. life insurance.
–Two of the biggest Insurance Marketing Organizations, AMZ Financial Insurance Services and Partners Advantage Insurance Services, today announced their definitive merger to further enhance and extend their insurance distribution network. The new company will be called Partners Advantage Insurance Services. The new IMO will operate out of four main…
By a News Reporter-Staff News Editor at Insurance Weekly News– A jury in Los Angeles Superior Court found Tuesday that Massachusetts Mutual Life Insurance Co. did not improperly withhold dividends from a class of hundreds of term life insurance policyholders. Massachusetts Mutual Life Insurance Co., after deliberations following a 12- day trial, the jury…
MINNEAPOLIS – Allianz Life Insurance Company of North America (Allianz Life®) today announced the launch of two new fixed index…
Life insurance sales were down in all age segments, according to new year-over-year data, but was down the least in the younger segment. That could be good news for insurers.
French insurance giant AXA is getting even bigger with a purchase of property and casualty insurer XL Group in a deal worth more than $15 billion. The deal gives AXA access to Bermuda-based XL’s extensive U.S. operations.
