Life Insurance News

As a result, Aflac— American Family Life Assurance Co.— is cutting premium rates on 16 different policies by as much as 35%, its filings with the bureau show. In addition, Aflac agreed to pay a $64,000 fine to settle the matter. In the review, bureau staff checked six specific Aflac policies that offered supplement coverage when policyholders suffer injuries from…

As a result, Aflac— also known as American Family Life Assurance Co.— is cutting premium rates on 16 different policies by as much as 35%, its filings with the bureau show. In addition, Aflac agreed to pay a $64,000 fine to settle the matter. In the review, bureau staff checked six specific Aflac policies that offered supplement coverage when policyholders suffer…

Following two years as vice chair of OBIs board of directors, Justin Delaney recently took over as board chair from Lori Olund. He joined the company in 1997 following his graduation from Lewis and Clark Law School. Founded by Leo Samuel in 1906 as the Oregon Life Insurance Company, The Standard currently provides nearly every type of insurance except for…

Georgia- based American Family Life Assurance Co., better known as Aflac, charged Virginians too much for individual and group accident and sickness insurance, according to an analysis by the State Corporation Commission's Bureau of Insurance. Initially, Aflac proposed increasing benefits on the four policies; however, the bureau found that alone to be…

Protective Life Corporation a U.S. subsidiary of Daiichi Life Group, Inc., today announced the release of a new whitepaper based on proprietary research conducted by its principal subsidiary Protective Life Insurance Company in partnership with Greenwald Research. The findings reveal that significant knowledge gaps exist among both consumers and…

As a result, Aflac— also known as American Family Life Assurance Co.— is cutting premium rates on 16 different policies by as much as 35%, its filings with the bureau show. In addition, Aflac agreed to pay a $64,000 fine to settle the matter. In the review, bureau staff checked six specific Aflac policies that offered supplement coverage when policyholders suffer…

Leaders from across the credit union movement and broader policy community are welcoming incoming America's Credit Unions Chief Advocacy Officer Kathleen Coulombe, sharing excitement for her leadership and advocacy experience as she joins the organization at a critical time for the industry. Several league system members and Brad Miller, president of…

Securian Financial today announced the elections of Stephanie Lundquist and D. Bryan Jordan to its board of directors, further strengthening the company’ s governance with two accomplished leaders who bring deep expertise in human capital strategy, financial services and corporate leadership. Stephanie Lundquist, Securian Financial board member and…

Leaders from across the credit union movement and broader policy community are welcoming Kathleen Coulombe as Chief Advocacy Officer, highlighting the strength of her leadership and advocacy experience:. Her deep experience, strong relationships in Washington, and proven ability to lead through complex policy environments make her exceptionally…

Advantage Capital Holdings, LLC an insurance and financial services holding company with over $15 billion in assets, today announced the appointment of Kirk Cullimore as President of Sentinel Security Life Insurance Company, effective immediately. Based in Salt Lake City, Cullimore will reinforce Sentinel’ s position as a leading Utah- based life insurance…

Entering its 100th year of operation, Nationwide is in its strongest financial position to date after a fifth consecutive year of record growth.

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Mutual of Omaha Insurance Company and its subsidiaries, United of Omaha Life Insurance Company, Companion Life Insurance Company and United World Life Insurance Company. The group is domiciled in Omaha, NE, unless otherwise specified.

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of CMB Wing Lung Insurance Company Limited. The outlook of these Credit Ratings is stable. The ratings reflect CMBWLI’ s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and…

AM Best has upgraded the Long-Term Issuer Credit Ratings to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Federated Mutual Insurance Company and its pooled subsidiaries, Federated Service Insurance Company, Federated Reserve Insurance Company, and Granite Re, Inc.. These companies are collectively referred to as Federated Mutual Group and…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of the members of Metropolitan Life Insurance Group. Concurrently, AM Best has affirmed the Long-Term ICR of“ a-” and the Long- and Short-Term Issue Credit Ratings of MetLife, Inc.. The outlook of these Credit Ratings is stable.

As part of its efforts to offer and drive utilization of high-impact, family-friendly benefits for employers of all sizes, The Guardian Life Insurance Company of America ® announced the completed integration of FINEOS AdminSuite for Employee Benefits into Guardian Absence Solutions™. “Alongside an empathetic approach and comprehensive support, an…

From marathons to mountaineering: Ranking which sports and hobbies affect life insurance the most. A 25- year-old female could lock in $273 per year for $750,000 in coverage at Preferred Plus rates. A high-risk hobby could push that to $526 at Regular rates— nearly double, and a difference of more than $5,000 over a 20- year term.

Coulombewill joinAmerica's Credit Unionsbeginning April 20, following an extensive national searchled by search firm Korn Ferrythat attracted a highly competitive pool of candidates from across Washington's policy and financial services communities. Coulombe most recently served as Senior Vice President of Federal Relations at the American…