New York Life, America’ s largest 1 mutual life insurer, is proud to announce the launch of the New York Life Financial Empowerment Scholarship, reflecting the company’ s ongoing commitment to supporting students throughout major life events and expanding access to financial literacy. Those from the high school classes of 2025 and 2026 can apply now through 4…
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More Americans say that they are too nervous to invest right now and are worried about their retirement savings more than they have in the last six years as extreme market volatility ripples through the economy, according to the 2025 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America. Nearly half of all Americans say…
A-Cap provides update on life insurers after tangling with regulators
After battling with regulators in Utah and South Carolina for much of the past 18 months, Advantage Capital and its…
State claims added to amended lawsuit over National Life IUL illustrations
An Indiana woman suing NLV Financial Corp. and two life insurance subsidiaries over a 2023 indexed universal life policy that returned 0% is tacking on state claims in an amended complaint.
Mr. Levine is the latest addition to Everest’ s expanding Board, following the Company’ s recent appointments of Darryl Page and John Howard. Mr. Levine currently serves on the Board of the American Council of Life Insurers, the Advisory Board for the Tamer Center for Social Enterprise at Columbia Business School and the Board of the Nantucket Boys& Girls Club.
Credit union members are more likely than non-credit union members to have ancillary insurance protections— roadside assistance, vehicle and property protection, extended warranties, etc.— for their high-value purchases, according to a new study. Securian Financial, a provider of insurance and other protection products to credit unions, surveyed just over…
Study: How does flexibility impact life insurance purchase decisions?
In the world of life insurance, guarantees have reigned supreme. But new research suggests flexibility also may be highly valued.
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Ratings of“ a+” of Everlake Life Insurance Company and Everlake Assurance Company, collectively known as Everlake Life Group. Everlake Life is ultimately owned by Everlake Holdings, LP, and Blackstone Inc. is the ultimate parent company of the general partner of the vehicle…
AM Best has commented that the Credit Ratings of the property/casualty members of Erie Insurance Group and Erie Family Life Insurance Company remain unchanged following the organization’ s announcement that it sustained an information security event, which has resulted in a widespread network outage impacting Erie’ s systems. On June 11, 2025, Erie filed a…
AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of“ a” of Hyundai Marine& Fire Insurance Co., Ltd.. The outlook of these Credit Ratings is stable. The ratings reflect HMF’ s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, favourable business profile and…
Discussing the importance of owning life insurance can be a sensitive topic- after all, few people like to talk about death. However, if others depend on your support, or if you have substantial assets that you wish to transfer to future generations, life insurance can be an important financial tool. There are many types of insurance and features for you to consider…
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…
Carol died peacefully at Berkshire medical Hospital in Pittsfield Massachusetts on June 12, 2025. Carol attended a small grammar school in Albany Vermont and moved at a young age to Lee Massachusetts on High Lawn Farm. She was a home stitcher for Country Curtains, followed by working as a mail distributor for Berkshire Life Insurance Company.
Armed Forces Benefit Association, and its affiliate, 5 Star Life Insurance Company, announced today the appointment of Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial, effective June 13, 2025. AFBA and 5 Star Life appoints Xianmei Tang as Chief Actuary and Senior Vice President, Actuarial. Xianmei Tang, FSA, MAAA, PRM, LTCP, is a seasoned actuarial…
Standard Insurance Company announced today that Latrina Edwards was named second vice president of Litigation and Employment. Latrina Edwards, Second Vice President of Litigation and Employment at The Standard. Edwards earned a bachelor’ s degree in business administration and management from Eastern Michigan University and her Juris Doctor from…
Tikehau Capital, the global alternative asset management group, in partnership with Société Générale Assurances, CNP Assurances and CARAC Group, three leading insurers, announces the launch of an innovative private equity fund dedicated to the strategic sectors of defense, cybersecurity and European security. The fund, structured mainly around…
Taiwan’ s domestic non-life insurance premium continued to increase in 2024, growing 10.5% to reach TWD 278.5 billion, according to a new AM Best report. The Best’ s Market Segment Report,“ Taiwan Non-Life Segment’ s Operating Performance Supported by Tighter Underwriting Guidelines,” also notes that this segment’ s overall capital& surplus level has continued to…
5 Star Life Insurance Company has achieved a significant milestone for the third year in a row by securing a prominent position on Forbes’ list of the World’ s Best Insurance Companies 2025. This recognition is presented by Forbes and Statista Inc., an industry ranking provider and a leading statistics portal. “It’ s a testament to the trust we’ ve built in the…
Insurers show strongest financial performance in a decade
Publicly traded insurance companies showed strong financial performance in 2024 compared to the prior year, according to an analysis by Compensation Advisory Partners.
Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, announced that today the Company has made a voluntary prepayment of $40 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayment, the Company has now repaid a total of…
