Life Insurance News

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb” and the Egypt National Scale Rating of aaa.EG of Misr Insurance Company. MIC is the largest non-life insurance subsidiary of Misr Insurance Holding Company. The company’ s capital requirements are driven mainly by asset risk, given its concentration of assets in…

A Broward County husband and wife are accused of running a yearslong life insurance fraud scheme that investigators say used fake employment records, false policy paperwork, and people who had not agreed to be enrolled. Phillip Salvatore Nunzio Jr., 59, and Christine Ann Nunzio, 56, of Hollywood, were arrested Wednesday, according to Local 10 News.

What's clear is that most people, even in Connecticut, don't have nearly that much. That's because retirees do not pay into Social Security, put money into a 401 k, commute or buy new office clothing, AARP reports. Nevertheless, although Connecticut is among the wealthiest states, it's doubtful most people have that much saved for retirement, said Eric McAlley,…

What's clear is that most people, even in Connecticut, don't have nearly that much. That's because retirees do not pay into Social Security, put money into a 401 k, commute or buy new office clothing, AARP reports. Nevertheless, although Connecticut is among the wealthiest states, it's doubtful most people have that much saved for retirement, said Eric McAlley,…

Jeffrey Sutton, a longtime Refinery Operator at Valero's Benicia refinery, has filed an ERISA lawsuit against Unum Life Insurance Company of America alleging that Unum miscalculated and underpaid his long-term disability benefits by roughly $3,467 per month by excluding years of mandatory, pre-scheduled overtime from his pre-disability earnings.

Globe Life Inc. (NYSE: GL) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 1.68% on the day to $174.94. Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households in the lower-middle to middle-income brackets throughout the United […]

Symetra Life Insurance Company today announced that its full suite of workforce benefits products— including group life and AD&D, group disability, and group supplemental health— is now integrated into PlanSource, a leading benefits administration technology and services company. “We’ve built a robust workforce benefits portfolio, and we want employers to…

Over the past two years, the organization increased annual premium by nearly 30% and expanded its membership to nearly 300,000.

Americans are growing more cautious about investing as concerns about a potential recession and ongoing market volatility rise, according to the Q2 2026 Quarterly Market Perceptions Study* from the Allianz Center for the Future of Retirement, part of Allianz Life Insurance Company of North America. About three in five worry that a major recession is right…

2026 JUN 22– By a News Reporter-Staff News Editor at Insurance Daily News– Data detailed on Insurance have been presented. The news correspondents obtained a quote from the research from the Georgia Institute of Technology,“ However, with the post-World War II economy on an upswing and growth-related inflation looking likely, the potential downsides of…

Finally, AARP says that the general "rule of thumb is that you’ ll need about 80% of your preretirement income to maintain your lifestyle," according to its website. That's because retirees do not pay into Social Security, put money into a 401 k, commute or buy new office clothing, AARP reports. Nevertheless, although Connecticut is among the wealthiest states, it's…

Veteran strategic human resources leader Earl Dudley Jr. will become Chief Human Resources Officer at Mutual of Omaha effective July 13, according to Chairman and CEO James Blackledge. Our workforce is at the core of our mission of helping more people more completely meet their financial needs, and Earl will play a vital role as we position our workforce for the…

The following information was released by the Tennessee Department of Commerce and Insurance:. NASHVILLE The Tennessee Department of Commerce and Insurance proudly announces that over $107 million in insurance policies and benefits was located in 2025 for Tennesseans through the Life Insurance Policy Locator Service. From Jan. 1, 2025, to Dec. 31, 2025, the…

ST. LOUIS— Andrew C. Hubbard schemed with a cousin to give his mother laced drugs and cause an overdose so he could collect a $150,000 life insurance policy, prosecutors said in federal court Thursday. The plan to lace crack cocaine with heroin or fentanyl didn't kill her, so the cousin shot the woman instead and dumped her body in a St. Louis alley, Hubbard admitted in…

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group. Everlake Life is ultimately owned by Everlake Holdings, LP, and Blackstone Inc. is the ultimate parent company of the general partner of the vehicle…