–Ameritas and NAIFA are teaming to advance the careers of rising stars in the financial services industry. This program engages the next generation of industry leaders and supports their development as a voice for our clients at the state and national levels, “said Kevin Mayeux, NAIFA Chief Executive Officer. Membership: Complimentary NAIFA membership…
Read more
–A new report by Vertafore on the state of the independent insurance channel workforce brings into sharp relief how the pandemic changed the nature of work in the industry, what insurance professionals value about their work and what independent agencies can do to support their people now and attract new talent in the future.
WASHINGTON, March 2– The National Association of Insurance Commissioners issued the following news release on March 1, 2021:. The National Association of Insurance Commissioners released data today on life/fraternal and property/casualty insurers. *Total reported premiums for life insurance, including annuity considerations, deposit-type contract…
The Guardian Life Insurance Company of America announced an alliance with Protective Life Insurance Company to make Protective Lifetime Assurance Universal Life available through Guardian’s financial representatives. “Our relationship with Protective Life Insurance Company expands our product portfolio and allows us to help more clients.”
“An analysis of Mr.[Darrin] Lopez’s cell phone, seized after his arrest on Jan. 11, revealed that Ms. [Jennifer] Faith and Mr. Lopez were intimately involved. Ms. Faith used her cell phone to update Mr. Lopez on her efforts to collect on Mr. Faith’s life insurance policy and to coach Mr. Lopez on how to respond to potential police questioning.”
COVID-19 forced insurance companies to take a new approach in how they deal with diversity and inclusion in their workforce, a panel said during a NAILBA discussion.
LOUIS— Federal prosecutors on Friday announced they won't seek the death penalty against a third person accused of conspiring to kill Andre Montgomery Jr., the grandson of the owner of Sweetie Pie's restaurants. Friday's court filing, regarding Travell Anthony Hill, is the result of a mandatory review process triggered when certain federal charges are filed.
A 130-year-old industry association is looking ahead to the next five years by looking at ways to increase its diversity, foster the growth of the next generation of advisors and raising awareness of financial services as an appealing career among students.
Northwestern Mutual announced 2020 results today, reporting new records in seven key measures: revenue, total surplus, total company assets, client investment assets, total dividend payout, new clients and new financial professionals.
Consumer priorities have changed significantly as a result of the COVID-19 pandemic, with nearly half (45%) of consumers surveyed planning to save more and those most impacted financially seeking to mitigate future financial uncertainty.
U.S. Mortgage Insurance 2020 Full Year Adjusted Operating Income Of $381 Million; Record New Insurance Written U.S. MI's PMIERs1 Sufficiency Ratio Estimated At 137 Percent, $1,229 Million Above Published Requirements Annual U.S. GAAP Assumption Review Completed For U.S. Life Insurance: Net Favorable Impacts Of $13 Million After-Tax In Long Term Care…
KING OF PRUSSIA, PA – February 11, 2020 – George Nichols III, President and CEO at The American College of…
Radnor, Pa., Feb. 9, 2021 – The pandemic continues to create financial challenges for all Americans, but research from Lincoln…
According to court documents, Biegler represented Montana Premier Insurance LLC at 1184 Daybreak in Helena prior to Dec. 19, 2019. That business was dissolved in December 2019 for failure to file an annual report, and on Feb. 5, 2020 Biegler formed Montana Premier Insurance and Consulting LLC at the same business address. According to court documents, Biegler…
PARK RIDGE, Ill. (Feb. 9, 2021) — Throughout its nearly 100-year history, MDRT has evolved alongside the financial services profession,…
Life insurance application activity continues to grow at a steady pace early in 2021, with year-over-year activity up 3.9%, according to the January MIB Life Index. Growth was largely driven by the 31-50 age group, up 8.5%, MIP reported, while older age groups age 61+ declined year over year.
Under the terms of the settlement, Northwestern Mutual will pay a $287,000 administrative penalty and will be required to report quarterly to the Department on its claims payments for the next two years.
Life stages offer different challenges and rewards whether you're starting out on your own, raising a family, focusing on your career or preparing for a rewarding retirement. However, while each stage may be unique, it's important to make sure your loved ones are cared for financially along the way. Surprisingly, it's when you're young and at your healthiest that…
A recent survey of over 100 health/life insurance experts found that 59% of industry professionals believe that there is a major move online for consumers for the insurance purchase process for personal products like life, health, and property& casualty insurance.
Lawyer Desmond H. Staple died March 16, 2016. According to news reports, he was found unresponsive in his car in a Walmart parking lot in Hillsborough County. The medical examiner found large quantities of acetaminophen and aspirin in his blood stream.
Arlington, Va. — Nearly six in 10 (59%) Americans are planning to make “carpe diem” their new mantra after the…
The COVID-19 epidemic highlighted the need for life insurance and illuminated the gap of uninsured and underinsured American families, a longstanding problem illustrated by LIMRA research.
State Farm made a January 2020 move that would power the insurer through a turbulent year: It rekindled its iconic tagline, “Like a Good Neighbor, State Farm Is There.” The 49-year-old line is among the most recognizable phrases in advertising, said Ad Age, which named State Farm a 2020 Marketer of the Year.
The COVID-19 pandemic is motivating large numbers of people to seek life insurance coverage for their families. Faster underwriting and direct-to-consumer channels also helped Principal boost its life insurance count, CEO Dan Houston said.
The National Association of Insurance and Financial Advisors announced that Jack E. Bobo, CLU, FLMI, passed away on January 15,…
The Allstate Corporation has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by Blackstone for $2.8 billion.
The lawsuit focuses on universal life insurance policies issued by Security Life under names such as Strategic Accumulator Universal Life. The policies include a separate COI charge deducted monthly and meant to compensate Security Life for its mortality risk, the lawsuit noted.
Although the Consolidated Appropriations Act was largely a spending and stimulus relief bill, it also contained a provision that changed the determination of a minimum interest rate used in certain tax-related calculations for life insurance contracts.
NEWARK, N.J., Jan. 25, 2021 – Prudential Financial, Inc. has appointed Caroline Feeney as CEO of its U.S. Insurance & Retirement…
For nearly a year, we have been unable to make long-term plans or create a realistic budget due to the COVID-19 pandemic. Unemployment, furloughs, and pay cuts have made it difficult for many people worldwide to pay their bills. Call your current insurance carrier to inquire if you can still take advantage of them, “explains Clay Janson of Phocus Insurance, a…
A federal judge tossed out a lawsuit accusing MetLife and its executives of defrauding investors concerning accounting for its retirement and income solution line of business. In a Jan. 11 decision, Judge Sterling Johnson, Jr. of the Eastern District of New York found the claims “without merit.”
Federal authorities said ex-Rep. Robin Hayes participated in a scheme while GOP state chairman in which wealthy insurance company exec Greg Lindberg attempted to bribe the state insurance commissioner with $1.5 million in campaign funds in exchange for removing a top department regulator.
Sholam Weiss helped destroy the National Heritage Life Insurance Co. in a $450 million fraud scheme carried out in the 1990s. He was convicted of racketeering, wire fraud, money laundering, and obstruction of justice and given an 835-year sentence, one of the longest for a white collar crime in U.S. history.
A pair of McKinsey & Co. analysts briefed members of the National Association of Independent Life Brokerage Agencies last week and described a life insurance industry in desperate need of digital skills, younger talent and products that offer innovate solutions for a changing demographic.
Deborah Bailey, 26, a graduate of Verdugo Hills High and UCLA, was killed on Dec. 24, 1980. Thomas Edward Waterbury, 61, on Jan. 7, 2021, received his first hearing before the California Department of Corrections and Rehabilitation Parole Board after Gov. Gavin Newsom commuted his sentence of life without parole in order to allow him to one day seek freedom.
Two insurers are defendants in new lawsuits filed in California over whether proper notice was given in cases of lapse or termination of policies. The plaintiffs claim American National Insurance Company and Lincoln Benefit Life Company violated a 2013 California law that beefed up notification requirements.
CARMEL, Ind., Jan. 14, 2021 /PRNewswire/ — Washington National Insurance Company, a national provider of supplemental health and life insurance products for middle-income…
Financial services trade associations raise substantial sums of political action committee funds, money that supports lobbying efforts on important issues. In light of last week’s mob attack on the Capitol and the tense political atmosphere, trade associations are reviewing donor policies.
Financial advisor clients feel better about their financial situation when they believe their advisor has recommended the right amount of life insurance for them, according to research conducted by Jamie Hopkins. But a third of advisors think that half their clients don’t have the right amount of life insurance.
For most of us, thinking about creating even a simple last will and testament is about as enjoyable as having teeth pulled. We procrastinate, we make excuses and we justify avoidance. We may even think of situations in which people have managed to die without proper documents in place and how those specific instances turned out fine after all.
The Congressional Review Act was a little-used device that Republicans used frequently early in the Trump presidency. It’s a model that a Democrat-controlled Senate could employ to kill two rules that invited public scorn.
Genworth and Oceanwide have not extended the current Dec. 31, 2020, “end date” under the merger agreement, Genworth said in a news release on its website. The deadline to complete the merger already has been extended 16 times. Such a merger was expected to infuse Genworth with $1.5 billion in capital.
It was a tough year to be a life insurance agent as COVID-19 swept across the country and led to business restrictions and stay-home advisories. On the other hand, the pandemic reminded Americans of the value of planning and life insurance. These five most-read stories reflect the year in life insurance.
George Luna, 71, is serving two life sentences after a Pennington County jury found him guilty of the first-degree murders of his wife and mother-in-law. Lynn Luna- a 26- year-old in the process of divorcing her husband- and her mother, Helen Thomas, 65, were beaten to death at their home on Fairview Street, according to Journal archives. In 2018, Presiding Judge…
WASHINGTON, Dec. 23, 2020 — Homeless New Yorkers are targeted in a $31.7 million slip-and-fall ring … A crime ring…
With interest rates at historically low levels and economic uncertainty remaining high, Moody’s Investors Service found its portfolio of U.S….
“We received over 50 nominations of BGA principals, carrier executives, case managers, contract specialists, regional vice presidents, underwriters, techies, marketing and operational gurus,” said NAILBA CEO, Dan LaBert. Bryan Adams· Co-Founder& CEO· Integrity Marketing Group Andy Albright· CEO· National Agents Insurance Dan Allison· Managing Partner· Brokers…
Falls Church, VA (December 15, 2020) – The National Association of Insurance and Financial Advisors (NAIFA) announced Terry Headley, LUTCF,…
MINNEAPOLIS – Dec. 14, 2020 – Allianz Life Insurance Company of North America has announced new enhancements to its Allianz…
(Toronto, ON, December 14, 2020) – Foresters Financial today announces the US launch of its refreshed Prepared II Accidental Death…
WASHINGTON, Dec. 12– The American Council of Life Insurers issued the following news release:. Kimberly Ross will join the American Council of Life Insurers this month after two decades of holding leading staff positions in the U.S. House of Representatives and Senate. Joyce Beatty to take the ACLI position of Senior Vice President, Federal Government Relations,…
Society needs something different from the life insurance industry in the face of the large and growing gaps in protection and savings, an E&Y report said – life insurers must redefine their role if they want to help address these issues and opportunities.
The National Association of Insurance Commissioners’ Executive Committee and Plenary adopted a pair of resolutions Thursday to wrap up work on key issues for life insurers. An effective date was established for AG 49A, and the nonforfeiture rate was dropped from 1% to 0.15%. Conflicts arose with both changes.
Whether it’s childbirth, adoption, a family health crisis, or a worker’s own health crisis, life insurers believe no one should have to choose between their paycheck and caring for loved ones or themselves.
The National Association of Insurance Commissioners ended their fall meeting by electing a new slate of 2021 officers, with President-elect Dean Cameron announcing that he has COVID-19. Cameron, 59, is a former longtime Idaho state senator and that state’s insurance commissioner.
New anti-rebating language will permit insurers or producers to “offer or give non-cash gifts, items, or services, including meals to or charitable donations on behalf of a customer, in connection with the marketing, sale, purchase, or retention of contracts of insurance.”
Two of the largest life insurers in the U.S. announced executive hires today to advance their respective diversity and inclusion strategies. The moves come as the industry continues work to fulfill commitments to diversity and inclusion made in the aftermath of the summer racial strife that spread across the United States.
Robert Muriel, director of the Illinois Department of Insurance, announced that he’ll leave his position on Dec. 11. Muriel was…
