The Connecticut insurance commissioner reports that PHL Variable policyholders could see more benefits than expected.
These shifts are expected to unlock new revenue pools, reshape operating models, and expand access to financial products.
In one, the Colorado Supreme Court reversed a trial judge on May 18 and ordered a preliminary injunction requiring Children's Hospital Colorado to resume providing gender-affirming care to minors. In another, a state trial judge in Kansas granted a temporary injunction on May 15 to block enforcement of Kansas's recently enacted ban on gender-affirming…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Southern Farm Bureau Life Insurance Company. The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. In addition, operating results are supported by the company’ s favorable market…
Reliance Matrix was formed by the integration of Reliance Standard Life Insurance Company, founded in 1907 and rated A++ for financial strength by independent agency AM Best; and absence third party administrator Matrix Absence Management. As a small workers’ compensation claims administrator in northern California in the early 1980 s, Matrix Absence…
More than $150 million from the sale of a key asset tied to Greg Lindberg’s insurance empire has been distributed to policyholders with uncovered claims.
James Kenfack, financial analyst at AM Best and one of the authors of the outlook, said,“ As a result of these adjustments, the segment’ s overall profitability has been restored. Morgane Hillebrandt, associate director, analytics, added,“ While France remains a highly competitive mature market, strong discipline, as well as developed risk management and cost…
Pacific Life Insurance Company announced that it has launched Pacific Admiral VUL 2 1, a new flagship variable universal life insurance product. “Pacific Admiral VUL 2 represents the next generation of our VUL offerings, building on the strengths of our prior products,” said Sim Zady, vice president of life product development, Consumer Markets, Pacific Life.“…
The National Association of Insurance and Financial Advisors has launched “NAIFA Cares,” a nationwide member initiative designed to help American families take meaningful first steps toward long-term financial security by encouraging awareness and adoption of 530A accounts for children and future generations.
Elevated standards of care in our industry are here to stay.
Generative AI has moved well beyond the margins of claims management and is now woven into everyday workflows.
STATE OF NORTH DAKOTA OFFICE OF THE COMMISSIONER OF INSURANCE I, Jon Godfread, Commissioner of Insurance of the State of North Dakota, do hereby certify that the foregoing is a true Abstract of Statement, as officially filed by the Company in this office. JON GODFREAD Commissioner of Insurance STATE OF NORTH DAKOTA OFFICE OF THE COMMISSIONER OF INSURANCE…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Rating of“ aa+” of Berkshire Hathaway Life Insurance Company of Nebraska. In addition, AM Best has affirmed the FSR of A+ and the Long-Term ICR of“ aa-” of First Berkshire Hathaway Life Insurance Company. The company’ s core net investment income moderated slightly to $717.6 million…
Business as usual is no longer sufficient.
Disgraced financier Greg Lindberg is asking a federal judge to sharply reduce his prison time ahead of a consolidated May 26 sentencing hearing.
MONTPELIER, Vt.—- National Life Group announced at its annual meeting today that Brenda Betts has been elected to serve as a member of its Board of Directors. Brenda Betts, Member of the Board of Directors at National Life Group. Previously, Betts served as a board member for the San Antonio Museum of Art and the National Charity League Heart of Texas Chapter.
Question:“ Tim, can you explain the difference between term and whole life insurance, and which one is better? ”Kristin from Flowood, Mississippi Answer: Kristin, thank you for your question! In my opinion, life insurance has four purposes: 1) To cover the cost of your burial, cremation, and/or funeral services: As of today, the national average for these services range…
Founded on May 15, 1851 in Springfield, Massachusetts by 31 investors who pooled together $100,000 to create a company to help their friends and neighbors protect their loved ones, MassMutual has grown into one of America’ s largest mutual life insurance companies, serving more than four million customers 1 with over $1 trillion in life insurance in force 1,…
New research from the Society of Actuaries has found insurance and financial services leaders across a range of sectors all named artificial intelligence as the top emerging risk for 2026 and in the years to come.
Taking steps to prepare an agency or brokerage before putting it on the market can increase its valuation.
