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…
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Sapiens empowers Pan-American Life Insurance Group to consolidate their enterprise illustration standards, to streamline processes and expand product offerings. Rochelle Park, NJ, July 18, 2024- Sapiens International Corporation,, a leading global provider of software solutions for the insurance industry, announced today that Pan-American Life…
Prosecutors urge judge to reject Greg Lindberg petition for a new trial
Federal prosecutors say the second prosecution of Greg Lindberg on bribery charges was free of errors and the court should reject the defendant’s request for a new trial.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Rating of“ a-” of Lincoln Heritage Life Insurance Company. The Credit Ratings reflect Lincoln Heritage’ s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited…
How early cancer screening benefits life insurers and policyholders
A health care company is teaming up with life insurers to help solve what it calls “a $201 billion problem in America” – late-stage cancer treatment.
American Capital Group, a full-service real estate investment and development company, and Clarion Partners, a leading real estate investment manager, today announced a joint venture to develop Enso, a 316- unit multifamily project in Lynnwood, Wash. Pacific Life Insurance Company served as the construction lender for the development, with construction…
Ameritas lawsuit: $5M New Jersey policy hid a STOLI connection
Ameritas Life Insurance Co. is challenging another life insurance policy under New Jersey’s ban on stranger-originated life insurance (STOLI).
Limited-pay options for lifetime coverage
Limited-pay life insurance is an appealing proposition to many clients.
Standard Insurance Company received 100— the highest possible score— on the Disability Equality Index ® and was named a "Best Place to Work for Disability Inclusion" by the American Association of People with Disabilities, the nation’s largest disability rights organization, and Disability: IN, the global business disability inclusion network.
Allianz Life Insurance Company of North America today launched Allianz Life Accumulator™ Indexed Universal Life Insurance Policy, a new Indexed Universal Life insurance product that now becomes Allianz Life’ s flagship IUL product. Allianz Life Accumulator™ replaces Allianz Life Pro+ ® Advantage Fixed Index Universal Life Policy and is available to…
MILWAUKEE, July 16, 2024/ 3 BL/- Northwestern Mutual announced today that the company earned its sixth consecutive top-score on the Disability Equality Index ®. “We’ re thrilled to receive a top-score on the Disability Equality Index for the sixth consecutive year because everyone deserves a workplace where they can show up, feel like they belong, and perform at…
Critics worry about personal data in NAIC accelerated underwriting effort
Regulators rushing to finish a new accelerated underwriting guidance need to be wary of privacy concerns and the potential for discrimination, advocates said Thursday.
AM Best has placed under review with developing implications the Financial Strength Rating of B and the Long-Term Issuer Credit Rating of“ bb+” of Unified Life Insurance Company. This rating action follows Unified Life’ s acquisition this year by Obra Insurance Holdings, LLC, a subsidiary of Obra Capital, Inc. AM Best has placed these ratings under review with…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb+” of Thaire Life Assurance Public Company Limited. The outlook of these Credit Ratings is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’ s interactive rating process.
U.S. Life Insurance Market Expected to reach $1,476.31 billion by 2032- Allied Market Research. Rise in adoption for life insurance services among individuals "– Allied Market Research. NEW CASTLE, WILMINGTON, UNITED STATES, July 11, 2024/ EINPresswire.com/– According to a recent report published by Allied Market Research, titled,“ U.S. Life Insurance Market by Type…
Brighthouse Financial, Inc. (NASDAQ: BHF) has caught the attention of the investment community today with its bullish price action. The company’s shares have moved 4.76% on the day to $45.81. Brighthouse Financial, Inc. provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment […]
Life insurance policy administration: Five modernization best practices
Life insurance policies are living in outdated legacy systems in need of replacement. At the same time, new policies are being issued and housed in those same systems.
Catholic United Financial, headquartered in Arden Hills, Minnesota, intends to join the Trusted Fraternal Life family of brands, which was established by Catholic Financial Life earlier this year.
Turnbridge Equities, a vertically integrated real estate investment and development firm, announced that Turnbridge and its co-development partner, Manekin LLC, a leading Maryland- based real estate development firm, acquired the site and capitalized the construction of Hampton Logistics Center in Hampton, Virginia, adjacent to the Port of Virginia.
Symetra Life Insurance Company today announced the launch of Symetra SwiftProtector SM, a protection-focused indexed universal life insurance product with a new, streamlined, and fully-automated digital online process— from application through illustrations and policy delivery— that can offer coverage in as little as 25 minutes to qualified…
