Accord Financial Corp. today announced that it has established two new financing arrangements to support its Canadian small business lending division and BondIt Media Capital, its U.S.- based media financing arm. This private securitization provides term financing for an amortizing pool of small business loans originated by Accord.“ Attracting $40…
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Securian Financial has launched Securian Specialty Lines, Inc., a new surplus lines insurance company, to provide additional innovative insurance solutions to financial institutions and associations. Financial institutions, associations and distributors interested in learning more can find a Securian Financial sales professional to talk to in their…
With the market making steady gains across the first half of the year, Americans are feeling more comfortable with the economy and less nervous about investing, according to the 2024 Q2 Quarterly Market Perceptions Study* from Allianz Life Insurance Company of North America. Compared to this time last year, fewer Americans are worried about an imminent…
By Warren Lovely& Taylor Schleich. There's a particular focus on the one sector/issuer demanding more funding than any other of late: the Government of Canada. Some of these domestic sectors still look to have some' dry powder', which is somewhat comforting given that Ottawa's net financing needs remain non-trivial.
–As part of its ongoing commitment to support the holistic well-being of members, The Guardian Life Insurance Company of America ® has announced a new partnership with Osara Health. Osara Health’s 12- week program includes access to a dedicated health coach, personalized weekly digital education modules and motivational articles, as well as the broader…
–Roadzen Inc., a global leader in AI at the convergence of insurance and mobility, today announced that it has been chosen to provide claims processing using its AI-powered xClaim product for the Indian Government-owned Oriental Insurance Company Ltd.. Roadzen was selected after an exhaustive review following a Request for Proposal process carried out by…
The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Lincoln National Corporation for violations of§§ 10 and 20 of the Securities Exchange Act of 1934 and Rule 10 b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. We also encourage you to contact Brian Schall of the…
How long is ‘forever’ when it comes to permanent life insurance?
Clients may like the idea of permanent protection but the idea of paying forever can be a daunting proposition.
National Life Group is a ‘progressive mutual,’ CEO says, with record sales
National Life Group is one of the oldest mutual insurance companies in the United States, but CEO Mehran Assadi likes to call the insurer, “a progressive mutual.”
Lessons from the Connelly case on buy-sell agreements
The Connelly decision may generate questions about buy-sell agreements from clients and their tax and legal teams.
Ameritas lawsuit claims life policy conversion strays too close to STOLI
The defendant in a California lawsuit that challenges the line between life settlement and stranger-originated life insurance is asking the court to dismiss the complaint.
John Hancock expands its longevity arsenal
In its continuing effort to encourage proactive healthcare and longevity, John Hancock adds discounted access to advanced whole-body MRI
Globe Life reports web portal breach as troubling year continues
Globe Life Insurance Co. self-reported a potential web portal breach Friday, the latest in a series of troubling incidents for the company.
Whole life down as life insurance sales slump in Q1, Wink reports
Whole life sales hit $1 billion for the quarter, down 12.8% compared with the previous quarter, Wink reported.
South Carolina couple sue advisor, Symetra over IUL-funded plan
A South Carolina couple claims that using an indexed universal life policy in a retirement planning strategy cost them substantial life savings.
Insurers, AM Best trade accusations in lawsuit over ratings downgrade
A pair of life insurers suing AM Best over a potential ratings downgrade say the defendant is refusing to share emails related to the controversial move.
Supreme Court’s Connelly decision could impact buy-sell agreements
Connelly v. U.S. questioned whether the proceeds of a life insurance policy taken out by a closely held company on a shareholder constitutes an asset of the company when calculating the value of the shareholder’s shares for purposes of the federal estate tax.
Life settlements: 8 things clients should know
Life settlements are often a source of misinformation and confusion for clients.
Annexus partners with John Hancock to bolster IUL product
Annexus is combining its indices with John Hancock’s longstanding life insurance expertise to bring a retooled indexed universal life product to market.
Despite high expectations, direct-to-consumer life insurance market struggles
Once a red-hot industry subset, the direct-to-consumer life insurance industry is at its nadir with once-promising start-ups like Assurance IQ and Haven Life winding down and others struggling.
