The publicly traded U.S. life insurers Moody’s Investors Service rates reported a slight aggregate decrease in operating profitability sequentially, as they position themselves for significant uncertainty in the markets for the remainder of the year.
A group of Nationwide employees sent an overnight email to everyone in the company airing complaints that “expectations have become overwhelming and impractical” for claims adjusters and making six demands for change.
Lincoln Financial is asking a Texas judge to dismiss a lawsuit filed by nine plaintiffs who claim they were sold a fixed indexed annuity with illustrated promises of unrealistic gains. One of its former agents is the lead plaintiff.
Castle Analytics, a California-based manager of digital asset funds, announced the launch of a proprietary index fund that provides exposure to Bitcoin, Ethereum, and other cryptocurrencies available within an Insurance Dedicated Fund.