The following information was released by the National Association of Insurance Commissioners:. The life insurance market has undergone substantial changes in recent years, driven by prolonged low interest rates, evolving consumer preferences, more complex investment practices, and increaseduse ofreinsurance. These shifts have introduced new…
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U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, on December 3, 2025 declared a quarterly cash dividend of $0.05 per share on its Series N Non-Voting Common Stock. U-Haul Holding Company is the parent company of U-Haul International, Inc., Oxford Life…
Companies offering commercial, health and life insurance were posting ever higher pre-tax operating gains, but not those in the auto and home insurance segments, said Robert Passmore of the American Property Casualty Insurance Association. Data he presented to a special committee of the House of Representatives showed industry gains in thatā personalā…
Expansion of Venerableā s strategy to include variable annuity flow reinsurance was announced in June of this year as part of the landmark agreement with Corebridge Financial, Inc. which also included reinsurance of $51 bn of variable annuity business from American General Life Insurance Company and The US Life Insurance Company of New York.
Christopher L. Gandy, founder and CEO of The Legacy Wealth Group LLC,Ā has been elected president of the National Association of Insurance and Financial Advisors for the 2026ā2027 term
State to decide on potential buyer for PHL Variable policies by Dec. 31
Several companies are competing to take over or reinsure all or parts of the troubled PHL Variable Insurance Co. business.
MetLife, Inc. today announced it has completed its previously announced $10 billion variable annuity risk transfer transaction with Talcott Resolution Life Insurance Company, a life insurance and annuities subsidiary of Talcott Financial Group. The transaction reduces portfolio risk, accelerates the run-off of MetLifeā s legacy blocks of business and…
IUL: Itās about the caps (long term)
It is true that future market returns are relevant to how these policies perform, but the bigger issue is the caps on the upside, which are typically set by the insurance carrier.
The role of riders: Enhancing policy flexibility and protection
In the indexed universal life space, the policy rider is the essential key to unlocking IUL’s dynamic utility.
Recently, you wrote an article explaining hospice. Going through a well-known funeral home in my area, I would have had to pay over $3,000 for cremation plus $7,000 to bury my mother's urn on top of my father's casket. To my amazement, I only had to pay a pre-approved price of $995 with a funeral facility that was on this specific hospice company's approved funeral…
One of the biggest mistakes people make is naming minor children as beneficiaries on accounts and policies. The thought is "I'll avoid probate court because I have beneficiaries named and they'll get the money directly." This is only partly true.
Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that today the Company has made a voluntary prepayment of $130.0 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, the Company has now repaid a total…
ST. LOUISā BJC Health and health insurer Aetna have yet to reach coverage agreements for the upcoming year, leaving St. Louis- area patients in limbo. Without a new agreement, BJC Health will be out of Aetna' s coverage network employer-sponsored commercial plans, starting Jan. 1. BJC Health didn't respond to requests for comment this week but has said in the past that…
A recap of the the National Council of Insurance Legislators annual meeting.
Georgia drivers saw rising auto insurance bills in recent years, yet the industry was not seeing gains, an advocate told state lawmakers. Companies offering commercial, health and life insurance were posting ever higher pre-tax operating gains, but not those in the auto and home insurance segments, said Robert Passmore of the American Property Casualty…
Adaptable estate planning in our one big beautiful world
Although the lifetime exemption under the One Big Beautiful Bill Act is described as āpermanent,ā in Washington that means until the next presidential election cycle!
HARTFORD– Insurance Commissioner Andrew N. Mais will be retiring Nov. 28 after nearly seven years as the state's top insurance regulator, the governor's office announced Friday. Ned Lamont is nominating Josh Hershman, CEO of the Immigrant Life Insurance Company of America, a Connecticut- domiciled and wholly owned subsidiary of IDT Corp., to replace Mais, the…
HARTFORD– Insurance Commissioner Andrew N. Mais will be retiring Nov. 28 after nearly seven years as the state's top insurance regulator, the governor's office announced Friday. Ned Lamont is nominating Josh Hershman, CEO of the Immigrant Life Insurance Company of America, a Connecticut- domiciled and wholly owned subsidiary of IDT Corp., to replace Mais, the…
During summer months, They made their first home at Hughes Springs where both their children were born: Byron Hefner, born February 21, 1905 and Johnnie Marie, born April 6, 1909. In 1917 they moved to Atlanta, Texas where he became an insurance broker for Southwestern Life Insurance Co. He was successful in the business and in the mid 1920ā s made the $100,000 Club…
One of the biggest mistakes people make is naming minor children as beneficiaries on accounts and policies. The thought is "I'll avoid probate court because I have beneficiaries named and they'll get the money directly." This is only partly true.
