She was born April 28, 1948, in Harrison, Ohio, daughter of Walter S. Wakefield and Florence M. Johnston. After graduating from Miami University, Melinda had two full careers before retiring, first at Union Central Life Insurance Company in Cincinnati and then at the Disabled American Veterans national headquarters when it was in Cold Spring, Kentucky.
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Pacific Life Insurance Company on Thursday asked a federal court to dismiss the $8.5 million lawsuit filed by NASCAR champion Kyle Busch and his wife over policies the Buschs claim were sold to them under false and negligent representations as tax-free income for retirement. The filing in the Western District of North Carolina— the same court that just heard…
The investigation was led by the Maryland Office of the Attorney General's Fraud and Corruption Unit and the Maryland Insurance Administration. Boston then applied for supplemental policies in her own name from AFLAC, as well as policies in the name of numerous other individuals, both real and fictitious. From October 16, 2017, through November 24, 2021, she…
Symetra Life Insurance Company is celebrating its 50 th anniversary as a stop loss provider— marking five decades of helping employers protect their self-funded health plans from high-cost claims and rising medical volatility. Since then, self-funded health plans have gone mainstream, now covering over 60 percent of workers in the U.S. 1 With rising costs…
AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Meiji Yasuda Life Insurance Company. Following market-driven fluctuations in unrealised gains on securities, the company’ s absolute capital retreated from its peak of JPY 5.8 trillion between March 2024 and March 2025, though it has since recovered by…
A decade in decline: PHL Variable serving as a cautionary tale
The decade-long downward spiral of PHL Variable Insurance Co. has Connecticut regulators on the verge of liquidation proceedings.
Conn. Insurance Dept. answers questions on PHL Variable’s $2.2B plight
The Connecticut Insurance Department agreed to answer InsuranceNewsNet’s questions regarding its oversight of PHL Variable through the years.
Delaware Life Insurance Company, a Group 1001 company, announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity portfolio, making Delaware Life the first insurance carrier to offer an index that contains cryptocurrency. The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is designed to deliver:.
Guaranty Income Life Insurance Company, a leading provider of fixed indexed annuities, celebrates its 100th year of supporting the financial needs of hard-working Americans. “It takes perseverance, dedication, and integrity to help families protect their wealth for 100 years,” said Joe Wieser, President of Guaranty Income Life Insurance Company.“ Our…
Delaware Life Insurance Company, a Group 1001 company, today announced the addition of the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity portfolio, making Delaware Life the first insurance carrier to offer an index that contains cryptocurrency. The BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index is designed to deliver:.
Suitability standards for life and annuities: Not as uniform as they appear
Suitability standards for life insurance and annuities haven’t stood still.
Does anyone have experience with Transamerica Life Insurance or UHC through AARP? The biggest determining factor in future rates is company profitability or loss year to year on each letter plan they offer, and rate increases must be approved by a state Insurance Commission with proof it's warranted. For example, everyone in Pennsylvania who has United…
What will 2026 bring to the life/annuity markets?
Last year proved to be a strong year in both the individual life and annuity markets. What will 2026 bring?
2026 JAN 19– 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“ G THE GUARDIAN NETWORK” by Catherine M.C. Farrelly Frankfurt Kurnit Klein& Selz, representing The Guardian Life Insurance Company of America.
Monroe admitted that his asset schedules and statement of financial affairs also did not disclose the December 2021 sale of his marital home in the Glade Springs residential development for $525,000, or the existence of a retirement account, two loans he obtained by using the equity associated with his whole-life insurance policy as collateral, and a…
Life and annuity sales to continue ‘pretty remarkable growth’ in 2026
Continued economic turmoil is a market concern, but life insurance and annuity sales are expected to remain solid throughout 2026, LIMRA projects.
Best’s Market Segment Report: AM Best Maintains Stable Outlook on India’s Non-Life Insurance Segment
India’ s non-life segment recorded mid-single-digit premium growth for the fiscal year ending 31 March 2025, according to the Best’ s Market Segment Report,“ Market Segment Outlook: India Non-Life Insurance.” Growth moderated relative to the prior year given the pricing pressure in the fire segment and slower business expansion in motor insurance.
The ultimate parent of both these groups is Health Care Service Corporation, a Mutual Legal Reserve Company, which is headquartered in Chicago, IL.. The ratings of HCSC Group reflect its balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk…
Kyle Busch hits PacLife role in amended IUL fraud claims suit
Kyle Busch and his legal team filed an amended complaint Tuesday with more specific claims of alleged indexed universal life sales fraud by PacLife.
Just before Christmas, I sent an important letter to President Trump, advising him not to pardon Greg Lindberg. Billionaire Mr. Lindberg owned a number of North Carolina- based insurance companies, including Colorado Bankers Life Insurance Co., Bankers Life Insurance Co., Southland National Insurance Corp. and Southland National Reinsurance Corp. Mr….
