As the market for long-term-care insurance (LTCI) slows, the need for life insurance combination products appears to be increasing, according to LIMRA.
Read moreTotal U.S. individual life insurance new annualized premium fell 5% in the third quarter compared with prior year results, LIMRA found.
-Foresters Financial™, the fraternal life insurer that's boldly redefining the life insurance industry through innovation, purpose, and wellness, today announces the US expansion of its Prepared II Accidental Death Term Insurance, focused on the needs of underserved everyday families. Now it is also available in six more states including Arkansas,…
–A binding stock purchase agreement for the sale of all of Greg Lindberg's North Carolina insurance companies was signed on Friday, Lindberg reports. The sale of stock by GBIG Capital, LLC to Universal Financial Holdings, LLC will allow all four of Lindberg's North Carolina insurance companies to exit rehabilitation and will allow policyholders to access all…
Laffitte, who was fired as CEO of Palmetto State Bank in Hampton in January, is an heir to the Laffitte banking family that has financial interests in banks throughout the South Carolina Lowcountry. According to a 2007 South Carolina House of Representatives resolution honoring its 100th anniversary, Palmetto State Bank began as the Loan and Exchange Bank in…
Two of the alleged victims of Laffitte and Murdaugh, Hannah Plyler and Alania Spohn, filed a civil suit Aug. 24, seeking damages in the Hampton County Court of Common Pleas against Laffitte and his former bank, which was founded by and remains controlled by his family. "On behalf of the Plylers, our other clients and the other victims of Russell Laffitte and Palmetto…
Indexed life insurance continues to drive growth, despite regulation pressures and other disruptions, according to the latest Wink’s Sales & Market Report.
The U.S. insurance industry’s top market conduct compliance challenges continue to relate to various claims handling requirements, including timeliness, required disclosures, along with payments and grievance and appeal processes—as well as underwriting, rating, marketing and producer requirements.
This new program was created to provide accessible whole life and accident insurance options to underserved markets across Massachusetts.
Buster Murdaugh, the sole surviving son of disgraced former South Carolina attorney Alex Murdaugh, denied in a rare public statement this week that he is supporting his father. Buster, 26, has maintained a low profile since his mother and younger brother were shot and killed at his family’ s Colleton County estate, called“ Moselle,” the night of June 7, 2021.
A J.D.Power study found customers are initiating purchase of life insurance much more frequently than before, with industry-wide quote rates rising last year for the first time in 30 years, and increasing another 9% this year.
Russell Laffitte began Monday morning on the witness stand under withering cross-examination by the lead federal prosecutor in his federal bank fraud trial. The former small-town banking CEO admitted to prosecutor Emily Limehouse that he approved a series of moves initiated by disgraced attorney Alex Murdaugh to take money out of the accounts of…
COVID concerns weighed on sales, which broke a five-year winning streak, but Conning researchers expect the market to pick up this year.
Nassau Financial Group, L.P. today announced that it has entered into a definitive agreement for its subsidiary, Nassau Life Insurance Company, to acquire Delaware Life Insurance Company of New York from Delaware Life Insurance Company.
Looking forward, Swiss Re Institute expects the insurance industry to return to premium growth of 2.1% annually on average in real terms in 2023 and 2024, supported by a combination of easing inflation, market hardening in property and casualty lines, as well as stronger life insurance demand.
Prosecution witnesses continued Tuesday to chip away at a core idea central to Russell Laffitte's defense: That the former Palmetto State Bank CEO had broad authority to make large loans to, and payments on behalf of, attorney Alex Murdaugh without the approval of the bank's board. In fact, Laffitte violated numerous "safety and soundness" banking practices…
The son of the late founder of Met-Con pleaded guilty last week to insurance fraud.
Attendees from across the country are participating in more than 150 in-person meetings with members of Congress and their staff.
Two South Carolina sisters who depended on Russell Laffitte to manage hundreds of thousands of dollars in a settlement after losing their mother in a car accident gave often emotional testimony against the former banker Monday. Alania Plyler Spohn and Hannah Plyler were 12 and 8 years old when their mother and older brother died when a faulty tire caused the…
Integrity Marketing Group, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced it has entered into an agreement to acquire The Milner Agency, a brokerage general agency located in Athens, Georgia.
