Structured credit has shifted over the past decade.
Our industry must adapt to the changing lifestyles and needs of younger consumers
Globe Life carved out a niche serving the middle market with smaller policies, a strategy reliant on agent recruitment.
An insurance company has agreed pay the money to Russell Faria, of Lincoln County, The St. Lawyers for the three current and former Lincoln County Sheriff's Department officers named in the suit did not immediately respond to requests for comment. Elizabeth“ Betsy” Faria was killed in 2011. Russell Faria was convicted and sentenced to life in prison, though he…
Insurers are required to delay collecting premium on life insurance and annuity contracts written in New York for 90 days under an emergency regulation adopted today. The directive covers consumers experiencing financial hardship due to the COVID-19 pandemic, the New York Department of Financial Services said.
When we think of life insurance, often the first thing that comes to mind is protection. That protection extends to both good and bad markets – and not just death benefits, but living benefits, too. Given the recent headlines, here are some talking points you can share with clients.
Market crash and recession fears increased significantly from the end of 2019 when worries were at their lowest levels in over a year and half. Now, nearly two-thirds of Americans (63%) express concerns about a recession (compared with 43% in Q4 2019).
As the COVID-19 pandemic continues to disrupt the world, life insurance carriers are challenged by maintaining a profitable business. One looming fear for consumers is the cost of life insurance. Will it go up?
In a new lawsuit filed in North Carolina, Greg Lindberg accuses Insurance Commissioner Mike Causey — who wore a wire and cooperated with the FBI — of “abuse of power and breach of the public trust.” Lindberg was convicted on bribery charges March 5.
Clients want human interaction in this time of social isolation, and they need to have their advisors communicate with them. Brock Jolly, financial advisor at Veritas Financial, shared some tips for communicating with clients during a webinar held Monday for members of the National Association of Insurance and Financial Advisors.
Life insurance sales were very strong in 2019, according to Wink’s Sales & Market Report, with indexed life sales smashing records. Indexed life sales for the fourth quarter were $725.1 million, up 30.8% when compared with the previous quarter, and up 14.6% as compared to the same period last year.
Total insurance industry merger-and-acquisition deals in the fourth quarter 2019 totaled $11.43 billion in the U.S., according to GlobalData’s deals database. The value marked an increase of 174% over the previous quarter.
Former life insurance agent Christopher Dougherty, 47, pleaded guilty to several fraud charges this week, partly related to a phony marijuana farm investment he successfully pitched to unknowing investors.
California is pressing all insurers to give policyholders “at least” a 60-day grace period from insurance premium payments.
COVID-19 has left businesses in uncharted waters. It is often insurance that carries businesses through these waters. But policyholders need to know where to look for this life raft, and how to navigate these murky waters.
A federal court judge in North Carolina warned billionaire insurance magnate Greg Lindberg and his team today to stop contacting jurors in his recently completed bribery case.
–As part of the panic that has consumed the world surrounding the COVID pandemic, many consumers are asking whether insurance companies are doing anything different, or perhaps, postponing the ability of consumers to obtain life insurance, for general pandemic related reasons. When a worldwide event such as COVID-19 consumes the news, life insurance becomes…
A recent LIMRA and LOMA survey of financial services companies found that 91% have a pandemic stress scenario in place, but just 16% see the coronavirus as a severe pandemic.
The federal government filed a motion today in a North Carolina court for forfeiture of nearly $1.5 million seized from insurance magnate Greg Lindberg, who was convicted on bribery charges last week.
The new partnership will answer several industry challenges including raising the level of financial literacy in American households, as well as raising awareness of career options in financial services.
TALLAHASSEE– Florida lawmakers on Thursday passed a bill that would block life insurers and long-term care insurers from using genetic information to price policies, making Florida the first state to ban the use of the information. “This legislation will also undoubtedly make Florida a model for the rest of the nation for ensuring individuals' genetic…
–Kansas City Life Insurance Company recorded net income of $10.6 million or $1.09 per share in the fourth quarter of 2019, an increase of $6.8 million or $0.69 per share compared to the fourth quarter of 2018. Net income totaled $24.4 million or $2.52 per share for the year ended December 31, 2019, up from $15.7 million or $1.62 per share for the year ended December…
February saw a 5.6% increase in life insurance application activity from that of January, MIB reported, an increase not seen for this period in the composite index since 2015. However, the persistent coronavirus is likely to dampen activity in the coming months, MIB added.
