Agency: " Employee Benefits Security Administration, Department of Labor." SUMMARY: This document provides notice of the pendency before the Department of Labor of a proposed individual exemption from certain of the prohibited transaction restrictions of the Employee Retirement Income Security Act of 1974 and/or the Internal Revenue Code of 1986 for the…
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Judge to decide if whistleblower can proceed with Globe Life lawsuit
A Michigan judge will decide whether an ex-Globe Life executive turned whistleblower can proceed with his lawsuit for wrongful termination.
5 Star Life Insurance Company announced today the appointment of Lieutenant General A.C. Roper, USA to its board of directors, effective July 1, 2024. Roper retired in 2024 after a distinguished 42- year career in the U.S. Army where he last served as Deputy Commander, U.S. Northern Command, and Vice Commander, U.S. Element, North American Aerospace Defense Command.
Global Atlantic Financial Group, a leading insurance company meeting the retirement and life insurance needs of individuals and institutions, today announced a 10- year partnership with Service Corporation International, positioning it to become the preferred provider of preneed insurance for North America’s largest provider of funeral, cremation…
Corebridge Financial, Inc. today announced the name change of its long-standing direct-to-consumer life insurance business from AIG Direct to Corebridge Direct. “Since 1995, Corebridge Direct has helped millions of people in their search to find quality life insurance coverage at affordable rates,” said Tim Heslin, President of Life Insurance at…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aaa” of New York Life Insurance Company, New York Life Insurance and Annuity Corporation, Life Insurance Company of North America, New York Life Group Insurance Company of NY and NYLIFE Insurance Company of Arizona. All companies are referred to as New York Life and…
Private equity driving activity in insurance sector despite ‘lackluster’ deals market
Increasing interest from private equity is expected to support steady activity in the insurance deals market, during a time when other sectors are not experiencing comparable volume.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of EquiTrust Life Insurance Company. The Credit Ratings reflect EquiTrust’ s balance sheet strength, which AM Best assesses as adequate, as well as its strong operating performance, neutral business profile and…
AM Best has revised the implications of the under review status to positive from developing for the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of Argus Insurance Company Limited and Bermuda Life Insurance Company Limited. Prior to completion of the merger, Argus Group, though a subsidiary, intends to complete its acquisition…
2024 JUL 01– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Ferry, Richard, Gibadlo, Krzysztof, John, Jiby, Knas, Michal, filed on March 5, 2021, was published online on June 11, 2024. The assignee for this patent, patent number 12009070, is…
The panel will be moderated by IAIS Executive Committee Vice Chair Charlotte Gerken, who is executive director of the Bank of England. Joining Holzberger on the panel will be Keisuke Kawasaki, chief investment officer, Nippon Life Insurance; Tim Schmidt, senior vice president and chief investment officer, Prudential Financial; and Julia Wiens, chief executive…
Insurers, A.M. Best reach preliminary settlement in financial ratings case
Two insurers accusing A.M. Best of unfairly downgrading their ratings have reached a preliminary settlement with the credit rating agency.
Reinsurance Market: Review of the Market Dynamics, Competitive Scenario, Trends| At 10.8% CAGR 2022 to 2031.. NEW CASTLE, WILMINGTON, UNITED STATES, June 28, 2024/ EINPresswire.com/– Allied Market Research recently published a report, titled, " Reinsurance Market by Type, by Application, by Distribution Channel, by Mode: Global Opportunity Analysis and Industry…
LINCOLN, R.I.& LOS ANGELES—- Phyn, the leader in intelligent water solutions, today announced that it is partnering with Amica Insurance, a leader in auto, home, and life insurance, to safeguard homes and prevent water-related loss by offering its award-winning suite of leak detection devices to Amica policyholders. “Phyn’ s industry-leading water monitoring…
Joan K. TenBarge 88, died June 24, 2024, at NMC Health in Newton, Kansas. She was born February 15, 1936, in Great Bend, Kansas to George and Frances Folsom. Her professional career consisted of being a telephone operator, an Administrative Assistant at Kansas Power and Light, working in Human Resources at Metropolitan Life Insurance Company, and a…
Post-COVID disabilities increase puzzles experts
Along with rise in excess mortality numbers post-COVID, the number of working people with disabilities in the last three years is also up.
Nearly every year I journey to Washington. D. C. to participate in my professional association's Congressional Conference. During the conference, hundreds of my fellow National Association of Insurance and Financial Advisor talked with their members of Congress about the importance of life& health insurance, annuities, retirement savings, and senior and…
Universal Life Insurance Market: Anticipated to Showcase a Notable 9.3% CAGR by 2032. NEW CASTLE, DELAWARE, UNITED STATES, June 26, 2024/ EINPresswire.com/– A report published on the global universal life insurance market by Allied Market Research states that the industry is estimated to display a noteworthy CAGR of 9.3% with an absolute revenue of $280.4…
A lawsuit filed in January of this year will go to court for a motion hearing on Thursday, June 24, at 10 a.m. in the Boone County Courthouse. The lawsuit involves a complaint filed by Roger Earnest, a former agent for Shelter Insurance, against Shelter Insurance companies— Shelter Mutual Insurance, Shelter Life Insurance, Shelter General Insurance, and individual…
Attorney rips insurers, agents over ‘incredibly complex’ IUL-focused plans
A growing group of consuner advocates say that IUL is a poor choice for retirement plans. One such attorney is engaged in lawsuits across several states.
