NASCAR driver Kyle Busch and his wife, Samantha Busch, have reached a confidential settlement with PacLife and two other defendants.
Life insurance application activity grew 9.5% in January, the highest year-over-year growth rate for any January on record, according to the MIB Life Index.
There is “no basis” for large policyholders to intervene in the PHL liquidation process, and Judge Daniel J. Klau should deny such requests, Connecticut regulators say.
COVID-19 has increased consumer awareness about the need for life insurance. LIMRA research finds 6 in 10 Americans say they have a heightened awareness about the need for life insurance due to the pandemic and 29% say they are more likely to buy life insurance in the next 12 months.
After a challenging first half, the independent distribution channel jumps back into indexed universal life sales with a big pop in the
third quarter. Variable universal life also had a boffo quarter.
In a pair of lawsuits, both appealed to the 11th Circuit Court of Appeals, insurers prevailed in lower-court rulings over cost-of-insurance increases. The cases are important because they are among the few COI cases that insurers have won a favorable verdict.
Driven by strong growth in whole life and term products, total individual life insurance new annualized premium increased 2% and the number of policies sold jumped 7% in the third quarter, according to LIMRA’s Third Quarter 2020 U.S. Individual Life Insurance Sales Survey.
–Ohio National Financial Services announces that Barbara A. Turner, CRCP, president and chief operating officer, was elected president and chief executive officer by the board of directors of Ohio National Financial Services in November 2020. Turner’ s new position is effective January 1, 2021, following the retirement of Gary T.“ Doc” Huffman, CLU, ChFC, chairman…
Insurance companies are creating more products that grow with their customers’ finances and needs. Term life insurance has proven itself to be one of these versatile products.
Federal authorities have charged a fourth person in connection with the alleged murder-for-hire plot that, in March 2016, claimed the life of Andre Montgomery, grandson of “Sweetie Pie's” St. Louis soul food restaurant owner Robbie Montgomery, of whom the five-season OWN network reality show was centered around. According to a Nov. 12 news release by the U.S….
Panelists agreed that consolidation through mergers and acquisitions will pick up as carriers and others along the distribution chain seek efficiencies through scale. The life and annuity business is likely to follow the path of the property & casualty industry in terms of M&A activity, panelists agreed.
Insurance agency managers might have decades of experience to guide their judgment and decisions, but that is no match for the wisdom that data yields, according to panelists at NAILBA 39. Becoming a data-driven agency can boost the bottom line exponentially
After a pandemic-driven pullback in mergers and acquisitions activity in the first half of 2020, acquisitions and dispositions have come…
Insurance and financial advisors are challenged to find the right partners and brokerage general agencies to work with, said Brian Haney, founder and vice president of The Haney Company in Silver Spring, Md.
Northwestern Mutual Future Ventures will dedicate $20 million to investing in companies founded by Black entrepreneurs, the company announced in a news release Wednesday. “Innovative thinking is required to drive breakthrough solutions to close the racial equity gap, and by supporting Black founders through Northwestern Mutual Future Ventures and the…
Scott Allen Renninger knew he would be under scrutiny “once it all goes down” during a Nov. 11 conversation, police said. Renninger, in the conversation, said he accepted the scrutiny and was prepared for it. He also told a confidential source he knew the existence of an unknown amount of life insurance on his wife.
RADNOR, PA, November 16, 2020 – In a time when nearly half of consumers surveyed say they would be more…
TIAA, a leading provider of secure retirements and outcome-focused investment solutions, said Roger W. Ferguson, Jr., intends to retire as president and CEO on March 31, 2021. Ferguson is rumored to be on President-elect Joe Biden’s shortlist for a cabinet position.
Richard Krassen, who turns 80 on Nov. 17, is a semiretired life insurance salesman, and you have never heard of him. And when he wrote his life story, the story of an unremarkable middle-class Jewish existence in Northeast Philadelphia, he didn’t care if nobody wanted to read it.
For financial adviser Dean Vagnozzi, it’s been a tough year. Since 2016, he had urged customers to invest in funds linked to a Philadelphia firm known as Par Funding. The U.S. Securities and Exchange Commission says Vagnozzi and Par Funding misled investors about Par’s financial soundness and the criminal past of a founder.
Pooled employer plans will give employers, especially small unrelated employers, a way of offering their employees a workplace retirement savings option with reduced burdens and cost.
A fourth person faces charges in connection to the fatal shooting of Andre Montgomery Jr., the grandson of the owner of Sweetie Pie’s restaurants in the St. Louis area.
The Company is reporting Operating earnings of $12.1 million for the quarter ended September 30, 2020, substantially unchanged from the $12.1 million reported in the third quarter of 2019.. Excluding the revenue contributions of $2.0 million from Aurrea Signature Inc., and Modern Advisor Canada Inc., two businesses which were acquired subsequent to the…
