After months of economic heartache from the coronavirus, it is encouraging to learn of some good news about Americans’ retirement…
More Stories
Mutual Of Omaha’s New Logo A Nod To ‘Wild Kingdom’
OMAHA, Neb. – Today insurance and financial services giant Mutual of Omaha unveiled a new corporate logo, featuring the image…
The American Council of Life Insurers issued the following news release:. The National Institute for Lobbying& Ethics has announced the recipients of its “2020 Top Lobbyist Award” which included ACLI Executive Vice President, Government Relations, Joyce Meyer. “Our list includes professionals that saw significant legislative success in 2020, have been…
NAIC Urged To Adopt 5 Changes To Fix Illustration Issues
The Life Insurance and Annuities Committee gave consumer advocate Birny Birnbaum 20 minutes to make the case for new illustration rules. The overall life insurance illustration model regulation #582 was a very lengthy, acrimonious process that took years before the NAIC adopted it in 1995.
The plan is to sell 19.9% of the life/retirement business, either through an initial public offering, commonly called an IPO, or a private sale. It “will not consider” selling more than that, said Zaffino, who will become CEO on March 1, 2021, and remain president of AIG.
Lincoln Financial expects “to bottom out” during the fourth quarter, CEO Dennis Glass said of life and annuity sales, and the company is preparing to roar back in 2021 with eight new products lined up. Glass spoke today during a conference call with analysts to review third-quarter earnings.
_ MetLife Inc. on Wednesday reported third-quarter earnings of $706 million. On a per-share basis, the New York- based company said it had profit of 69 cents. MetLife shares have declined 23% since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7%.
Prudential Financial is discontinuing all sales of variable annuities with guaranteed living benefits, eliminating its Highest Daily Income and Prudential Defined Income annuity products. The move is needed as the insurer recalibrates amid economic uncertainty and ultra-low interest rates, CEO Charlie Lowry said.
Nov. 3– Tracey Cathey McNeill, 50, of Raeford, surrendered Thursday to law enforcement officers on charges of wire and mail fraud, according to a news release from the U.S. Attorney's Office for the Eastern District of North Carolina. The statement says McNeill devised a scheme to defraud the U.S. Department of Veterans Affairs and the U.S. Office of Personnel…
