Obra Capital, an asset management firm, today announced that it has completed the acquisition of Unified Life Insurance.
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Judge rejects Wells Fargo motion to toss STOLI lawsuit
A federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy will continue after a judge denied Wells Fargo’s motion to apply New York law to the case.
Regulators lukewarm on illustrations rewrite in 2024
State insurance regulators are not interested in another contentious illustrations redo, but consumer advocates say Americans deserve one.
Life sales review: a 2023 sales dip should reverse in 2024, LIMRA says
The combination of a strong economy and positive regulatory landscape should push life sales up in 2024 and 2025, LIMRA reports.
Advisors look ahead to life insurance in 2024
Two life insurance industry experts look ahead at what the industry can expect to see in 2024 – and beyond.
NAIFA, FSP boards approve merger
NAIFA also moved into its new headquarters and elected officers and trustees for 2024.
How insurers can mitigate their exposure when it comes to beneficiary designations
Failing to distinguish the difference between probate and non-probate assets could lead to unintended and costly consequences not only for the person who owns the asset, but also for life insurers that serve as custodians of the assets.
Ebix announces bankruptcy, plan to sell life and annuity assets to Zinnia
Ebix, Inc. announced today that it has reached a “stalking horse” agreement to sell its North American life and annuity assets to Zinnia for $400 million, part of a bankruptcy reorganization plan.
Developing a successful life insurance settlement business line
Here are critical steps and considerations for agencies and broker-dealers looking to develop a successful life insurance settlement business line.
Moody’s Investor Service maintains a stable outlook for the US life insurance sector, driven by benefits of rising interest rates, which will offset slower economic growth as well as weakness in certain asset classes such as commercial real estate.
IUL sales have fifth quarter of double-digit growth as individual life premium rises 4% in 3Q
A strong economy and falling inflation sparked demand for life insurance in mid-2023, and that showed up in LIMRA’s third-quarter individual life premium surveys and estimates.
The power of life insurance in enabling tomorrow’s wealth transfer
Life insurance has the power to impact an aging population and its beneficiaries.
Oklahoma couple sues PacLife, advisor over $15M premium financing deal
An Oklahoma couple claims they were misled by an advisor and Pacific Life Insurance Co. on a premium financing program to fund a $15 million life insurance policy.
Life Happens: Getting back to the roots of storytelling
Life Happens has a new executive director as it merges with the National Association of Insurance and Financial Advisors.
Life insurance sales take a dive in the third quarter, Wink reports
Life insurance sales were down across major product categories in the third quarter, Wink, Inc. reported in its quarterly Sales and Market Report.
Moody’s Investors Service said its outlook for the global life insurance sector is stable, unchanged from last year.
Life insurance activity flat in November, up for the year, MIB reports
Life insurance application activity was flat in November on a year-over-year comparison. But activity remained up 2.6% year to date, according to the MIB Life Index.
More than 250 members of the National Association of Insurance and Financial Advisors took to Capitol Hill today to meet with over 200 Congressional offices to advance the need to protect the worker classification of financial service professionals as independent contractors and to provide consumers a variety of choices in financial service professionals.
58% of life insurers use artificial intelligence or are interested: NAIC survey
Fifty-eight percent of life insurers are either using or have an interest in using artificial intelligence in their businesses, an NAIC working group found.
Commentary: The NAIC must get its house in order
NAIC is not a federal regulatory agency. If it were, it would be subject to the kind of oversight that is expected of such entities.
