Life Insurance News

2025 AUG 15– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ DEARBORN LIFE INSURANCE COMPANY” by Kristin Grant GRANT ATTORNEYS AT LAW PLLC, representing Health Care Service Corporation. This application was made…

AM Best has affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the property/casualty subsidiaries and affiliated insurance companies of Kemper Corporation, collectively referred to as Kemper Property& Casualty Group. AM Best also has affirmed the FSR of A- and the Long-Term ICRs of“ a-” of Kemper’ s life subsidiaries,…

AM Best has affirmed the Financial Strength Rating of B++, the Long-Term Issuer Credit Rating of“ bbb+”, and the Indonesia National Scale Rating of aaa.ID of PT KB Insurance Indonesia. The outlook of these Credit Ratings is stable. The ratings also recognise the wide range of support provided by KB Indonesia’ s parent, KB Insurance Co., Ltd., which is fully owned by KB…

2025 AUG 13– By a News Reporter-Staff News Editor at Mergers& Acquisitions Daily News– Hanwha Life, South Korea’ s first life insurance company, has officially completed the acquisition of a 75% stake in U.S.- based global financial services firm Velocity Clearing, LLC on July 30. With this transaction, Hanwha Life becomes the first Korean insurance company to…

AM Best has affirmed the Financial Strength Rating of A+ and the Long-Term Issuer Credit Ratings of“ aa-” of Midland National Life Insurance Company and North American Company for Life and Health Insurance. In addition, AM Best has affirmed the Long-Term ICR of“ a-” and the Long-Term Issue Credit Ratings of Sammons Financial Group, Inc.. Sammons Financial Group, Inc….

Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today unveiled key findings from its latest research on market risk, 2 conducted in collaboration with the Center for Retirement Research at Boston College. “Our findings challenge the traditional notion that avoiding risk equates to financial security,”…

NASHVILLE— Going back to school is an exciting and stressful time for students, educators, and parents. As the school year gets underway across the Volunteer State, the Tennessee Department of Commerce and Insurance reminds consumers that education doesn't stop in the classroom. TDCI's Division of Insurance offers insurance tips and reminders to help make…

The Pennsylvania Insurance Department today announced that the 2026 rate changes requested by insurance companies currently operating in Pennsylvania's individual and small group markets are now available online. On average, all Pennsylvania health insurers are requesting premium increases in plan year 2026: 19% increase to premiums in the…

Brighthouse Financial, Inc. announced today its financial results for the second quarter ended June 30, 2025. The company reported net income available to shareholders of $60 million in the second quarter of 2025, or $1.02 per diluted share, compared with net income available to shareholders of $9 million in the second quarter of 2024, or $0.12 per diluted…

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a” to China United Property Insurance Company. The ratings also reflect the expected government support CUPI will receive from its ultimate parent, China Investment Corporation, the sovereign wealth fund of the Chinese government. The company maintains a sizeable…

Corebridge Financial today announced the launch of Power Select AICO SM, a new index annuity that expands the strong partnership between Corebridge and Market Synergy Group, one of the nation’ s largest networks of independent marketing organizations. “We are excited to build on our long-standing partnership with Market Synergy Group and introduce a next…

AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Heartland National Life Insurance Company. HNL has traditionally used extensive reinsurance to share risk and manage capital strain as it executes its growth initiatives under its strategic plan and…

U-Haul Holding Company, parent of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, today reported net earnings available to common shareholders for its first quarter ended June 30, 2025, of $142.3 million, compared with net earnings of $195.4 million for the same period last year.