Principal Financial Group ® today announced that Deanna Strable, president and chief executive officer, has been elected chair of the board by the company’ s board of directors, effective September 2, 2025. Deanna Strable elected Principal board chair. "Dan Houston’s remarkable 40- year legacy has been instrumental in Principal’s growth and success," says…
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AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B and the Long-Term ICR of“ bb” of Jubilee General Insurance Company Limited. In addition, the rating action considers improvements in the economic, political and financial system risks in Pakistan.
According to new research from Corebridge Financial, Americans with life insurance are significantly more likely to say that their spouse or dependents would be able to manage financially without them, with an impressive 47% of those with life insurance saying they are either completely confident or very confident, compared to just 28% for those without…
AM Best has assigned a Financial Strength Rating of A- and a Long-Term Issuer Credit Rating of“ a-” to Fidelity Security Assurance Company. The outlook assigned to these Credit Ratings is stable. The company grew out of a desire for increased synergies and diversification with its affiliated company, Fidelity Security Life Insurance Company and Forrest T. Jones…
Delaware Life Insurance Company, a Group 1001 company, announces Barron’ s has included the Accelerator Prime ® Variable Annuity in their“ 100 Best Annuities” annual list, marking APVA’ s sixth consecutive appearance in the list. This achievement underscores the strength of our company and our commitment to providing innovative products that help secure the…
NAIC gets pushback on fast-track effort to add ‘rigor’ to 33-year-old RBC standard
State insurance regulators are moving with alacrity on a controversial plan to overhaul the risk-based capital (RBC) framework by the end of 2025.
2025 AUG 15– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ DEARBORN LIFE INSURANCE COMPANY” by Kristin Grant GRANT ATTORNEYS AT LAW PLLC, representing Health Care Service Corporation. This application was made…
AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. AM Best also has affirmed the FSR of A- and the Long-Term ICRs of“ a-” of Kemper’ s life subsidiaries,…
Is the life insurance industry evolving fast enough to meet consumer expectations?
The life insurance and annuity industry has been in a race to catch up with other industries in the adoption and use of digital tools and artificial intelligence.
Cooling off period urged before regulators tackle proposal to hide RBC
A proposal to make a key measure of insurance companies’ financial health confidential is teed up for regulators to tackle in October.
AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb+”, and the Indonesia National Scale Rating of aaa.ID of PT KB Insurance Indonesia. The outlook of these Credit Ratings is stable. The ratings also recognise the wide range of support provided by KB Indonesia’ s parent, KB Insurance Co., Ltd., which is fully owned by KB…
NAIC regulators: Signs of ‘progress’ getting life insurers to cut spreads
State insurance regulators report “progress” getting life insurers to pull back on overly optimistic investment growth projections.
2025 AUG 13– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Hanwha Life, South Korea’ s first life insurance company, has officially completed the acquisition of a 75% stake in U.S.- based global financial services firm Velocity Clearing, LLC on July 30. With this transaction, Hanwha Life becomes the first Korean insurance company to…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today unveiled key findings from its latest research on market risk, 2 conducted in collaboration with the Center for Retirement Research at Boston College. “Our findings challenge the traditional notion that avoiding risk equates to financial security,”…
NAIC takes another swing at stricter rules on life insurance illustrations
State insurance regulators are again nibbling around the edges of an actuarial guideline designed to limit unrealistic life illustrations.
NASHVILLE— Going back to school is an exciting and stressful time for students, educators, and parents. As the school year gets underway across the Volunteer State, the Tennessee Department of Commerce and Insurance reminds consumers that education doesn't stop in the classroom. TDCI's Division of Insurance offers insurance tips and reminders to help make…
With ‘the great wealth transfer’ underway, tools include life insurance, gifting strategies
The great wealth transfer is reshaping the financial landscape as trillions of dollars will change hands over the next 23 years.
Is it time for bitcoin life insurance?
Meanwhile is the only licensed and government-regulated life insurer that is fully denominated and operating in bitcoin.
The Pennsylvania Insurance Department today announced that the 2026 rate changes requested by insurance companies currently operating in Pennsylvania's individual and small group markets are now available online. On average, all Pennsylvania health insurers are requesting premium increases in plan year 2026: 19% increase to premiums in the…
