Artificial intelligence may also help address a longstanding industry issue: the gender gap in coverage.
Failure to leverage digital tools to streamline business processes is tainting an otherwise high financial advisor satisfaction score for U.S. life insurance and annuity companies.
More people are now considering how a health event could affect income, independence and long-term financial stability.
WINDSOR, Conn., August 30, 2017 – A new LIMRA study finds that 108 million Americans have life insurance coverage through their workplace,…
The Texas Rangers have announced the sale of the naming rights for their new stadium that’s under construction to Globe Life Insurance, which owns the naming rights to the team’s current stadium. A decade later, Ameriquest, one of the United States’ largest subprime mortgage lenders, bought the park’s naming rights and installed an oversize electronic bell in…
Term life insurance accounts for the largest share of voluntary inforce premium by product, according to Eastbridge Consulting Group’ s annual U.S. State ESI and EPI Data report. Life insurance has a significantly higher share of inforce premium than of sales, though it claims the largest share for both.“ Life insurance enjoys the benefit of higher persistency…
Travis Wayne Wingrove, 29, of Dunbar, allegedly took $26,247 from clients between April 2013 and April 2015 while he worked at Rosemary Skaggs’ State Farm Insurance Agency in East Huntingdon, according to a news release. Jeffrey Lee Ingram, 53, of McCandless,, Allegheny County, allegedly submitted 252 fake Medicare claims and pocketed $88,636 between March and…
NEW YORK, August 22, 2017 — New York Life, America’s largest mutual life insurer, today introduced New York Life Asset…
Aug. 22– COLUMBIA, S.C.– Twenty-five more Irish Travelers from the North Augusta area have entered into guilty plea agreements on various federal charges of conspiracy and financial fraud, according to court records. The alleged illegal financial schemes described in court records at the U.S. District Court in Columbia involve millions of dollars worth of car…
Pacific Life Insurance Company announced the close of a $35 million Pacific Secured Buy-In® transaction. As of the transaction date,…
Brokerage, career agent and personal producing general agent (PPGA) channels remain the top channels through which UL products are sold, but the numbers are constantly changing, a new report finds.
COLUMBUS, Ga. – Aug. 21, 2017 – Aflac, the leader in voluntary insurance sales at the worksite in the United…
Aging insurance agents and the rapid growth of the online portions of the direct-to-consumer insurance distribution channel has many insurers rethinking lead generation and acquisition infrastructures, a new report found.
A sluggish workforce combined with growth of the online portions of the direct-to-consumer insurance distribution channel has many insurers rethinking lead generation and acquisition methods.
Brighthouse Financial, the newest major life and annuity distributor in the U.S., moved quickly to expand its product line in time for its spinoff from MetLife earlier this month.
The company has made a commitment to invest more than $100 M of venture capital in customer-centric solutions that help members:. In addition to these efforts, Nationwide launched Nationwide Ventures in early 2016 to invest in startup companies that are transforming the insurance and financial services industry. Nationwide Ventures has made six…
NEW YORK, August 15, 2017 – New York Life has dominated the Million Dollar Round Table (MDRT) in the United…
Judge rules that independent agents working for American Family Insurance Group are company employees under the Employee Retirement Income Security Act (ERISA). Ruling could open the door for similar lawsuits.
Jackson National is latest life insurance company to report strong second-quarter earnings. The company sold $17 billion worth of variable annuities last year even as the variable annuity market continued to shrink.
The two-week quarterly earnings reporting period for the nation’s major life and retirement insurers finds most of them exceeded expectations….
The insurance company has agreed to pay $5.5 million and take other steps to protect customers’ identity as part of a settlement with New Jersey and 31 other states, officials said Wednesday. The move resolves allegations that the company left out a critical security patch that could have prevented a security breach in October 2012 that resulted in the loss of…
_ Manulife Financial Corp. on Wednesday reported second-quarter profit of $933.2 million. The Toronto- based company said it had profit of 45 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.
CHICAGO, Aug. 09, 2017 (GLOBE NEWSWIRE) — Midland National® Life Insurance Company announced on August 1, 2017 the release of…
