Prominent South Carolina attorney Alex Murdaugh was arrested Thursday for his connection with missing settlement funds in the wrongful death lawsuit involving his former housekeeper.
Read more
In Arizona, a team of attorneys representing 142 plaintiffs filed a lengthy “statement of facts” in federal bankruptcy court alleging that Shurwest executives were aware of an lucrative IUL sales fraud.
-Former logger and handyman Curtis Smith is telling his side of a botched suicide-for-hire scheme that allegedly involved prominent South Carolina lawyer Alex Murdaugh. In a new report by The New York Times, Smith pits himself against Alex Murdaugh. Reporter Riley Benson from NewsNation affiliate WCBD in Charleston, South Carolina, says there have been…
The life insurance sector remains a highly rated sector, a panel from S&P Global Ratings agreed. Ninety-two percent of companies are rated A or higher, and 93% have a stable outlook.
The American Council of Life Insurers elected its chair, officers and board of directors Monday at the 2021 ACLI Annual Conference.
Harrisburg, PA. (Oct. 11, 2021) — Crump Life Insurance Services today announced that Michael Martini has been named president of…
COLUMBIA, S.C.- The South Carolina Supreme Court on Friday temporarily suspended the law license of an attorney who was a college friend of Alex Murdaugh and has been sued over his work on the disputed estate of Murdaugh's housekeeper. A different lawsuit said Cory Fleming didn't reveal his ties when Murdaugh recommended him to represent a man on board a boat…
Cigna Corp. has struck a $5.75 billion deal to sell its life, accident and supplemental businesses to Swiss insurer Chubb Ltd. Chubb will acquire the Cigna businesses in Hong Kong, Indonesia, Korea, New Zealand, Taiwan and Thailand and Cigna’ s interest in a joint venture in Turkey.
A prolific pension fraud scheme that spread to the insurance industry before being shut down by federal investigators has led to dozens of lawsuits and Chapter 11 bankruptcy for an Arizona IMO.
Non-variable universal life sales for the second quarter were $779.2 million, up 19.9% when compared to the first quarter, Wink reports.
KKR, a leading global investment firm, today announced the release of“ Dream Big,” a new Insights piece by Henry McVey, Head of Global Macro and Asset Allocation and CIO of KKR’ s Balance Sheet. Based on a proprietary survey of 50 Chief Investment Officers who oversee nearly $7 trillion in assets under management, the report examines how leading insurance industry…
HORSHAM, Pa., Sept. 28, 2021/ PRNewswire/- The Penn Mutual Life Insurance Company announced today that, effective January 1, 2022, David O'Malley will serve as the company's president and chief executive officer as part of a planned succession process. During this time, The Penn Mutual Life Insurance Company moved into the Fortune 1000 and is currently ranked 649 on…
Demand is staying strong for permanent life insurance in career military families, according to the latest findings of the First Command Financial Behaviors Index ®. First Command's 11th annual life insurance survey reveals that 80 percent of middle-class military families own some form of permanent life coverage. “Military families continue to show…
Ohio National announced new pricing today for its term life insurance, resulting in lower premiums across the product range.
Company to acquire IGE Private Limited and Elpro International Limited combined shareholding of 15.27%. MUMBAI, India& NEW YORK—- MetLife International Holdings, LLC has entered into a share purchase agreement with IGE Private Limited and Elpro International Limited to acquire their total combined shareholding of 15.27% in PNB MetLife India Insurance…
The sons of a former housekeeper for the prominent Murdaugh family will be paid some of $4.3 million in settlements collected after their mother's mysterious 2018 death, their attorney wrote on Oct. 3. Cory Fleming and his law firm, Moss, Kuhn and Fleming, will pay the sons all legal fees and expenses the firm received from settlements connected to claims asserted…
The persistent low interest rate environment over the past few years prompted the deal, Allianz said in a news release.
The lawyer for the man accused of shooting Alex Murdaugh in a failed insurance fraud scheme says his client is being used as the fall guy.
Allianz SE is working on a deal to offload a large block of U.S. life insurance policies in a move that reportedly could be announced in the coming days.
The newlyweds will be reunited in a courtroom to stand trial together for the murder of Vallow’ s children, 7- year-old JJ and 17- year-old Tylee, and soon as Vallow is declared competent, Seventh District Court Judge Steven Boyce said during a hearing last week, the Rexburg Standard Journal reported Sunday. Madison County Prosecutor Rob Wood and Fremont County…
–The Penn Mutual Life Insurance Company announced today that, effective January 1, 2022, David O'Malley will serve as the company's president and chief executive officer as part of a planned succession process. During this time, The Penn Mutual Life Insurance Company moved into the Fortune 1000 and is currently ranked 649 on Fortune's 2020 list of Top US…
HAMPTON, S.C. Alex Murdaugh's lawyers are looking to return to court. Attorney Jim Griffin tells WSAV his team is requesting a preliminary hearing in the criminal case. The hearing will be held in a Hampton County court.
Although we do not sell life insurance here at Samuel, Sayward& Baler LLC, we do help clients plan for their families' future and life insurance is often a part of that planning. Here are five things to consider in the context of your estate plan when thinking about purchasing, or dropping, a life insurance policy. Life insurance is an excellent planning tool for young…
A Maryland couple allegedly concealed an elaborate fraud scheme over 25 years to reap more than $20 million in life insurance benefits on behalf of applicants.
WASHINGTON – Americans across the political spectrum overwhelmingly support paid family and medical leave and expanding existing employer-based paid leave…
Allianz Life’s 2021 Retirement Risk Readiness Study identifies distinct differences among ethnicities regarding retirement risks as well as interest in getting help from a financial professional.
A recent report by Deloitte Center for Financial Services, “Financial Inclusion And The Underserved Life Insurance Market,” analyzed ways insurers can navigate the coverage gap and help underserved markets obtain coverage.
DALLAS, Sept. 14, 2021 /PRNewswire/ — Bestow, the leading digital life insurance platform, today announces the successful acquisition of Centurion Life Insurance Company,…
A Hampton County judge set a ,000 bond for Alex Murdaugh late Thursday afternoon for his part in staging his own murder so his older son, Buster, could receive a million insurance payout. Creighton Waters with the state Attorney General’ s Office, who is prosecuting the case, asked magistrate Judge Tonja Alexander to consider Murdaugh a flight risk,…
Dan Fortin, Chairman of Foresters Financial, announced today Foresters Financial President and Chief Executive Officer James Boyle’s intention to retire February 2022, coinciding with the fourth quarter board meetings.
American Council of Life Insurers Senior Health Actuary Jan Graeber again shot down misinformation relating to COVID-19 vaccines today.
The goal of the suicide attempt was to allow Murdaugh’s sole surviving son, Buster Murdaugh, to collect an approximately $10 million life insurance policy on the older Murdaugh’s life, his attorney said.
Freelancers understand that they need to take 100% responsibility for their finances, says Jessica Lepore, founder of Surevested, a New York- based life insurance agency.“ It’ s not all packaged like if you were to work for a corporation.”. Many people in their 40 s and 50 s depend on life insurance provided through an employer, says Grant Dunn, vice president of…
U.S. life insurance application activity returned to growth in August 2021 compared to August 2020 with year-over-year activity up 5.5%, MIB reports.
Former insurance agent Steven Gordon, 67, of Camarillo, Calif., was arraigned last week on 21 felony counts of grand theft, forgery, identity theft, and credit card fraud after allegedly stealing more than $1 million from three former clients.
Foresters Financial today announced the launch of Foresters Go, a wellness platform that integrates wearable app-enabled technology and behavioral science to inspire and reward healthy lifestyles.
The Wisconsin Office of the Commissioner of Insurance released August’s administrative actions on Tuesday.
LIMRA and the Society of Actuaries (SOA) Research Institute announced today a new three-year partnership to collect and process data to be used in industry-wide experience studies.
NEW YORK- September 7, 2021-. When you’re considering life insurance options, you’re planning for how you can best protect the people you love. Depending on what sort of plan you sign up for, the death benefit that life insurance pays to your beneficiaries may not be the only thing that life insurance can offer.
Life insurance agents now can offer their existing clients a product that allows policy owners to keep their policies while eliminating their out-of-pocket premium payments.
In the first six months of 2021, the total number of policies sold increased 8%, compared with prior year results. This is the highest policy sales growth recorded since 1983, according to LIMRA’s recent survey.
–Sun Life U.S. announced plans to move its Connecticut office to One Financial Plaza, also known as ” The Gold Building,” at the corner of Main and Pearl Streets in downtown Hartford. Sun Life will occupy 47,000 square feet of space in one of the largest, most prominent office towers in Hartford. “Hartford is one of the strongest markets in the world for insurance and…
Lincoln Financial Group today announced that Dennis R. Glass, president and CEO, will transition roles following the 2022 Annual Meeting…
According to court documents, Robert J. Mueller, allegedly pitched a scam that began be persuading investors to cash out annuities or individual retirement accounts to invest in funds Mueller controlled.
Empathy, a platform helping families navigate the logistical and emotional journeys they face after losing a loved one, today announced a concept partnership with New York Life1, America’s largest2 and most admired3 mutual life insurer.
In the next 12 months, 56% of companies plan to increase staff and 37% plan to maintain their current staff size. Technology, claims and operations roles are expected to see the greatest growth.
Pacific Life Insurance Company announced today that Darryl Button has been named CEO-Elect and will become president and CEO of Pacific Life, succeeding chairman, president and CEO Jim Morris, on April 1, 2022, upon Mr. Morris’ retirement.
The COVID-19 pandemic was one of the biggest drivers – if not the biggest driver – of the insurance market in the last year and a half. That’s the word from a recent survey taken on behalf of the Million Dollar Round Table.
Former licensed insurance agent Robert Stoddard, 66, of San Clemente, Calif., was arrested after a Department of Insurance investigation found he allegedly stole over $1.2 million from more than 20 victims, including 14 seniors.
The pandemic has changed our lives in numerous ways. As a result of all the upheaval, many people are reassessing their priorities and thinking about early retirement. According to Pew Research, 28 million baby boomers retired in 2020 and a recent study found 39% plan to retire by 65, while 18% said they plan to retire by age 59.
Union County District Attorney Pete Johnson told Magisterial District Judge Jeffrey Mensch about 3:45 p.m. that Whaley was no longer available. Union County Coroner Dominick Adamo used Whaley's autopsy review in ruling Nichols' death a homicide by acute verapamil toxicity. Nichols died at in the home the couple shared on Lamey Road in Millmont, Union…
Everyone knows that technology will remain a growing part of the insurance sales business. The pandemic only speeded up the…
Richard M. Demko II discussed his journey from the kitchen table to the Top of the Table.
Think you won't qualify for life insurance in retirement? “It's easier to qualify than in the past as underwriting has gotten better,” says Rafael Rubio, president of Stable Retirement Planners in Huntingdon Woods, Michigan. Term policies tend to have a maximum age limit, typically 85 years old, says Greg Klingler, director of wealth management at the Government…
LIBOR is the primary benchmark for short-term and variable interest rates used to determine interest rates on a variety of financial instruments. Those include not only investments held by insurers, but existing annuity contracts as well.
The increase, which will be implemented next month, September 2021, will impact nearly 30% of the company’s 1,200 employees across Maryland, Texas, and Florida. The current minimum wage in Maryland is $11.75, $7.25 in Texas, and $10.00 in Florida. The current minimum wage at Atlas Restaurant Group is $12.00.
The government response to COVID-19, coupled with stronger economic conditions and unprecedented consumer interest in life insurance, have led LIMRA to improve its 2021 sales forecast.
This decrease is largely attributable to a spike in activity that occurred in July 2020 as the industry rebounded from the impact of the COVID-19 pandemic.
MINNEAPOLIS – Aug. 10, 2021 – After the disproportionate economic and career impacts that the COVID-19 pandemic dealt women, an…
Northwestern Mutual announced today a new $100-million impact investing fund to deliver on the company’s commitment to addressing inequality and the racial wealth gap in the U.S.
