Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
Greg Lindberg is asking a federal court to halt ongoing asset sales tied to a $1.655 billion restitution order, arguing that the government’s math is wrong.
News, trends, sales data, and helpful peer advice for life insurance professionals, including insurance agents.
Greg Lindberg is asking a federal court to halt ongoing asset sales tied to a $1.655 billion restitution order, arguing that the government’s math is wrong.
According to first-quarter sales numbers from Wink, Inc., clients are embracing the flexibility offered by variable universal life.
The K-shaped economy narrows in on a reality that life insurers can no longer afford to treat as secondary.
Both the Block 1 CLN and Block 2 CLN are in consideration of a variable funding surplus note issued by Redding Reassurance Company 3 LLC, a Missouri- domiciled special purpose financial captive reinsurer and a direct wholly owned subsidiary of Wilton Reassurance Company. Each VSN supports the excess reserves for a block of life insurance business retroceded…
Shares of Globe Life Inc. (NYSE: GL) traded at a new 52-week high today and are currently trading at $164.64. So far today, approximately 38,719 shares have been exchanged, as compared to an average 30-day volume of 569.68k shares. Globe Life Inc. delivers diverse life insurance and supplementary health coverage, alongside annuity products, targeting households […]
Greg Lindberg is asking a federal court to halt ongoing asset sales tied to a $1.655 billion restitution order, arguing that the government’s math is wrong.
Target-date pioneer and industry leader i Fidelity Investments ® today announced plans to launch Fidelity Freedom ® Lifetime, a suite of target date collective investment trusts with a built-in guaranteed income option*. The Freedom Lifetime suite will include a strategic allocation to an insurance pool through Nationwide and New York Life— two highly…
KBRA releases commentary following the recent publication of the Columbia Business School’ s Rating Without Market Discipline paper, which raises important questions regarding the growth of private ratings in U.S. life insurer portfolios and the interaction between ratings and regulatory capital. The paper concludes that privately rated bonds…
According to first-quarter sales numbers from Wink, Inc., clients are embracing the flexibility offered by variable universal life.
KBRA releases research on the National Association of Insurance Commissioners private letter ratings review process. In August 2024, the NAIC passed an amendment that granted the Securities Valuation Office the ability to review and challenge credit ratings that it does not believe are a reasonable measure of risk for regulatory purposes.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Jackson Market Link Pro ® 4 and Jackson Market Link Pro Advisory ® 4, further strengthening Jackson’ s suite of registered index-linked annuities. JMLP4 and JMLPA4 provide clients the potential to grow assets before and during retirement…
NASHVILLE— The Tennessee Department of Commerce& Insurance proudly announces that over $107 million in insurance policies and benefits was located in 2025 for Tennesseans through the Life Insurance Policy Locator Service. Developed by the National Association of Insurance Commissioners, the Life Insurance Policy Locator Service is a free service that…
The K-shaped economy narrows in on a reality that life insurers can no longer afford to treat as secondary.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a” of Aetna Life Insurance Company and the other members of Aetna Health& Life Group, which are operating entities of Aetna Inc. and wholly owned subsidiaries of its ultimate parent, CVS Health Corporation. Allina Health is a joint venture subsidiary of Aetna.
AM Best has assigned a Long-Term Issue Credit Rating of“ aa” to the recently announced $1.25 billion, 6.05% surplus notes, due 2056, issued by The Northwestern Mutual Life Insurance Company. The outlook assigned to the Credit Rating is stable. The proceeds from the surplus notes offering will be used for general corporate purposes.
Prudential overhauled its leadership team, restructured operations, and shed noncore assets to fuel growth, executives have said.
Securian Financial today announced the election of Pradip Patiath to its board of directors, effective June 1, 2026. Pradip Patiath, Securian Financial board member and McKinsey& Company senior partner. Patiath is a senior partner at McKinsey& Company and a senior global leader in the firm’ s Financial Services and Digital practices.
NASHVILLE— The Tennessee Department of Commerce& Insurance proudly announces that over $107 million in insurance policies and benefits was located in 2025 for Tennesseans through the Life Insurance Policy Locator Service. Developed by the National Association of Insurance Commissioners, the Life Insurance Policy Locator Service is a free service that…
2026 JUN 01– By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily– Investigators publish new report on Legal Issues- Law and the Biosciences. The news reporters obtained a quote from the research from the National Institutes of Health,“ Both sides employ concepts of fairness and discrimination in supporting their position. Journal of Law and the…
26 North Reinsurance Holding Company today announced that it has entered into a definitive agreement to acquire 100% of Independent Insurance Group, LLC, which operates Independent Life Insurance Company, the only carrier exclusively dedicated to issuing structured settlement annuities for personal injury claimants and their families.
Lincoln Financial today announced the promotion of three senior leaders to its Senior Management Committee: Darrel Tedrow as Executive Vice President, President of Life Insurance and Retail Shared Services; Curtis Chesney as Executive Vice President, President of Annuities; and Paul Spurr as Executive Vice President, Chief Risk Officer and Chief Actuary.
This is not a funding strategy for the average policyholder.
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Halyk-Life, Life Insurance Subsidiary Company of the Halyk Bank of Kazakhstan, JSC. An offsetting balance sheet strength factor is the material exposure to the high financial system risk in Kazakhstan. In 2024, the company reported a return on equity of 57%,…