Federman& Sherwood investigates Landmark Admin, LLC for data breach. On October 23, 2024, Landmark filed notice of a data breach with the Attorney General of Maine. Landmark is a third-party administrator for insurance carriers, including Liberty Bankers Insurance Group which includes American Monumental Life Insurance Company, Pellerin Life Insurance…
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U-Haul Holding Company, the parent company of U-Haul International, Inc., Oxford Life Insurance Company, Repwest Insurance Company and Amerco Real Estate Company, plans to report its second quarter fiscal 2025 financial results after the close of market trading on Wednesday, November 6, 2024. U-Haul Holding Company is the parent company of U-Haul…
Seritage Growth Properties, a national owner and developer of retail, residential and mixed-use properties, today announced that on October 23, 2024, the Company has made a voluntary prepayment of $25 million toward its $1.6 billion term loan facility provided by Berkshire Hathaway Life Insurance Company of Nebraska. With the prepayments, the Company has…
The company completed its annual actuarial assumption update in the quarter, which resulted in an unfavorable after-tax impact of $74 million or $0.73 per share. In addition, adjusted operating after-tax results included severance expenses of $19 million in the third quarter of 2024 and $43 million on a year-to-date basis. Advice& Wealth Management…
A pair of buildings that a late LaVilla folk artist turned into his eclectic version of the Smithsonian Institution would be protected as historic landmarks under legislation advancing through Jacksonville City Council. The Whetstonian Building at 801 N. Jefferson St. and the neighboring Atlanta Life Insurance Co. Building at 821 N. Jefferson St. would be…
The capital and financial impacts of IFRS 17, which took effect Jan. 1, 2023, were largely as expected and have been incorporated into L/A insurers’ financial plans. Both of these product lines continue to achieve record sales in Canada and the United States the past year. “Sales growth has been supported by technology-driven, customer-centric business models…
IUL: What you need to know about commissions
Commissions on IUL policies (and other universal products) are anything but black and white.
North American Company for Life and Health Insurance ®, a member company of Sammons ® Financial Group and one of the largest issuers of fixed index annuities in the U.S. 1, announces that the Barclays Transitions Indices, available exclusively on their suite of fixed index annuities, has won“ Annuity Index of the Year” by SRP Americas. About North American…
Securian Financial is teaming up with the industry’ s premier emergency medical transportation benefit service— MASA— in an exclusive agreement to offer market-leading ambulance coverage as an addition to Securian’ s group accident insurance product offered in workplaces throughout the country. “Securian Financial is excited to team with MASA to…
Jim House of Searcy was among five inducted into the Arkansas Insurance Hall of Fame on Oct. 17. He graduated from Harding University with a degree in business management in 1966. His territory included White County and four other counties, which contained the cities of Conway, Beebe, Bald Knob, Hazen, Brinkley and a few other small towns.
HOUSTON, TX— American National Insurance Company has been recognized by AM Best for maintaining an A rating for 83 consecutive years, earning a place on the 2024 Best's Review "Standing the Test of Time" list. This recognition honors U.S. life and health insurers that have demonstrated long-term financial strength, having sustained Best's Financial Strength…
Regulators tweak 2025 life and annuity priorities to reflect new challenges
State insurance regulators advanced 2025 life insurance and annuity priorities Monday with additions to reflect new efforts in reinsurance and annuity illustrations.
Beware the haunted life insurance policies!
Let’s explore some frightfully common problems that could turn your clients’ life insurance dreams into nightmares.
TikTok, YouTube videos mislead viewers on life insurance, critics say
The proliferation of so-called “financial experts” using half-truths and polished scripts to peddle life insurance on TikTok and YouTube is concerning to many in the industry.
Jackson National Life Insurance Company ®, the main operating subsidiary of Jackson Financial Inc. 1, today launched Principal Guard, an add-on guaranteed minimum accumulation benefit available for an extra charge in the Elite Access ® Suite of variable annuities. The new GMAB offers clients the ability to invest their money with no downside risk through…
Hispanic Americans report the greatest need for life insurance
Hispanics Americans report having the lowest ownership among any racial or ethnic group over the last decade, according to a recent study.
Globe Life to report third-quarter results amid swirling controversy
Globe Life executives are slated to meet with Wall Street analysts Thursday in a call that is much more interesting than it was two weeks ago.
Sammons Financial Group ® long-time Senior Vice President and Chief Financial Officer Don Lyons has announced his retirement effective April 1, 2025. Don Lyons, Sammons Financial Group. Attaway, who joined Sammons Financial Group in 2018, is currently the Chief Financial Officer and Treasurer for Sammons Financial Group member companies Midland…
H.B. Fuller Company today announced that Teresa J. Rasmussen has been appointed Chair of the company’ s Board of Directors following the retirement of Lee R. Mitau, effective January 22, 2025. Fuller’ s Board of Directors,” says Celeste Mastin, H.B. I am eager to partner even more closely with Celeste and the entire Board as H.B. Fuller continues to excel and innovate…
AM Best has affirmed the Financial Strength Rating of A++ and the Long-Term Issuer Credit Ratings of“ aa+” of State Farm Mutual Automobile Insurance Company and its affiliates, State Farm Fire and Casualty Company and State Farm County Mutual Insurance Company of Texas, collectively referred to as State Farm Group. In addition, AM Best has affirmed the FSR of A- and…
