A Prince George "s County grand jury on Tuesday indicted Corrie Alston, 51, of Bowie, on charges of a felony theft scheme and insurance fraud for submitting multiple fraudulent life insurance applications, Attorney General Anthony G. Brown said. Alston, while employed as an information technology specialist for the federal government, also worked as a licensed…
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A Prince George "s County grand jury on Tuesday indicted Corrie Alston, 51, of Bowie, with felony theft scheme and insurance fraud for submitting multiple fraudulent life insurance applications, Attorney General Anthony G. Brown announced. Alston, while employed as an information technology specialist for the federal government, also worked as a licensed…
Judge sends Greg Lindberg back to federal prison for fraud, bribery
Judge Max O. Cogburn sent disgraced financier and insurance company magnate Greg Lindberg back to federal prison Tuesday.
A top Kansas regulator who’ s running for governor is facing scrutiny over a deluge of campaign contributions that she received from interested parties in the weeks before a key regulatory decision— raising ethical questions about a potential influence campaign. Insurance Commissioner Vicki Schmidt denies any connection between the more than $300,000…
CEDAR RAPIDS— A Cedar Rapids man is accused of theft and insurance fraud after investigators said he submitted life insurance claims for three children whose deaths could not be substantiated. Thompson Nagbe Jr., 37, made two fraudulent life insurance claims on policies he enrolled in through his employer, according to a Linn County criminal complaint.
Shocking death of Kyle Busch renews debate over IUL plan
The sudden death Thursday of 41-year-old racing icon Kyle Busch has reignited an intense debate regarding the role of indexed universal life insurance in financial planning.
WoodmenLife introduced its new final expense whole life insurance offering, which is designed to cover end-of-life costs such as funeral or burial expenses, medical costs, and other unexpected bills.
PORTLAND, Ore.& HONOLULU—- Standard Insurance Company and Pacific Guardian Life announced today a definitive agreement under which The Standard will transition its individual annuities business to Pacific Guardian Life. The Standard and Pacific Guardian Life are both members of the global Meiji Yasuda Life Insurance Company family. Pacific Guardian Life,…
Symetra Life Insurance Company and Copacino Fujikado, its longtime creative agency of record, took home top honors at the 2026 Shorty Awards for the“ Plan Well, Play Well” social content series featuring sports icon and Symetra brand ambassador Sue Bird, winning in the Insurance category. Winners and honorees were announced on May 19 at an awards ceremony at…
Rehabilitator: PHL Variable liquidation payouts could exceed guaranty caps
The Connecticut insurance commissioner reports that PHL Variable policyholders could see more benefits than expected.
These shifts are expected to unlock new revenue pools, reshape operating models, and expand access to financial products.
In one, the Colorado Supreme Court reversed a trial judge on May 18 and ordered a preliminary injunction requiring Children's Hospital Colorado to resume providing gender-affirming care to minors. In another, a state trial judge in Kansas granted a temporary injunction on May 15 to block enforcement of Kansas's recently enacted ban on gender-affirming…
AM Best has upgraded the Long-Term Issuer Credit Rating to“ aa” from“ aa-” and affirmed the Financial Strength Rating of A+ of Southern Farm Bureau Life Insurance Company. The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. In addition, operating results are supported by the company’ s favorable market…
Reliance Matrix was formed by the integration of Reliance Standard Life Insurance Company, founded in 1907 and rated A++ for financial strength by independent agency AM Best; and absence third party administrator Matrix Absence Management. As a small workers’ compensation claims administrator in northern California in the early 1980 s, Matrix Absence…
$150M+ asset sale payout distributed to Greg Lindberg policyholders
More than $150 million from the sale of a key asset tied to Greg Lindberg’s insurance empire has been distributed to policyholders with uncovered claims.
James Kenfack, financial analyst at AM Best and one of the authors of the outlook, said,“ As a result of these adjustments, the segment’ s overall profitability has been restored. Morgane Hillebrandt, associate director, analytics, added,“ While France remains a highly competitive mature market, strong discipline, as well as developed risk management and cost…
Pacific Life Insurance Company announced that it has launched Pacific Admiral VUL 2 1, a new flagship variable universal life insurance product. “Pacific Admiral VUL 2 represents the next generation of our VUL offerings, building on the strengths of our prior products,” said Sim Zady, vice president of life product development, Consumer Markets, Pacific Life.“…
The National Association of Insurance and Financial Advisors has launched “NAIFA Cares,” a nationwide member initiative designed to help American families take meaningful first steps toward long-term financial security by encouraging awareness and adoption of 530A accounts for children and future generations.
The fiduciary standard for life insurance is here
Elevated standards of care in our industry are here to stay.
GenAI: Moving to the forefront of claims management
Generative AI has moved well beyond the margins of claims management and is now woven into everyday workflows.
