The Westaim Corporation today announces its unaudited financial results for the quarter ended June 30, 2026. Westaim recorded a net loss of $81.5 million for Q2 2026 compared to a net loss attributable to controlling interests of $0.2 million for Q2 2025.. Westaim also announced today that Deanna Mulligan, Chief Executive Officer of Ceres Life, will…
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John Unruh was convicted of committing a fraudulent insurance act with an attempt over $50,000 that carries a maximum sentence of 10 years in prison at a one-day trial held May 12. Unruh, 42, reportedly took out a $225,000 life insurance policy through Mutual of Omaha on his wife, Jade, in April 2025, about two months after she had died of influenza and pneumonia on…
Insurers, rating firms push back on NAIC credit rating oversight plan
Regulators want to end the blind reliance on credit ratings to help ensure that insurers are not hiding high-risk assets.
The Manhattan Life Insurance Company announced that it completed the acquisition of Union Security Life Insurance Company of New York from Assurant, Inc. in March 2026. Founded in 1971, Union Security Life Insurance Company of New York offers life insurance, annuities, and accident and health products in the State of New York. The Company offers a diversity of…
Symetra Life Insurance Company today announced that it has been named to the 2026 PEOPLE ® Companies That Care List™, coming in at No. 80 among the 100 organizations recognized. “We are very proud to once again be recognized by PEOPLE and Great Place to Work. Investing in our employees and in our communities and creating positive impact has always been a defining…
Total U.S. individual life insurance new annualized with excess premium rose 3% year over year to $4.7 billion in the…
New York Life today recognized 20 recipients of its 2026 Golden Futures Scholarship, awarding $10,000 and $20,000 scholarships to rising college students from across the United States while expanding the program to include professional development, career exploration and networking opportunities with New York Life employees. The company celebrated…
Winston-Salem did not emerge overnight as a Southern business center. For more than a century, tobacco, textiles, banking, manufacturing, food production, insurance, and technology formed the economic backbone of Winston-Salem. Companies such as R.J. Reynolds Tobacco, HanesBrands, Wachovia, BB&T, Inmar Intelligence, Garner Foods, Krispy Kreme, Dewey's Bakery,…
The silver economy ushers in a new era of life insurance growth
Longer lives, fewer births and an unprecedented concentration of wealth among older Americans are reshaping the demand for financial protection products.
Family communication: Financial planning’s growing blind spot
Across key areas of retirement and protection planning, families are making assumptions instead of having conversations.
Indiana lawmakers will likely consider requiring more disclosures from insurance companies about their exposure to private credit funds due to the role that the state plays as a backstop for some insurance policies. Two independent investment analysts pushed for more oversight of the financial asset class at the state Interim Study Committee on…
Governor Maura Healey's Division of Insurance announced today that nine health and dental insurance carriers will return $14.5 million to hundreds of thousands of Massachusetts consumers through rebates required under the state's health and dental insurance laws. For the first time, Massachusetts is requiring dental insurance companies to issue…
‘Uniquely positioned’: Equitable outlines future post-Corebridge merger
Shareholders of both companies approved the Equitable-Corebridge merger on July 30, with more than 97% voting in favor.
Fred and Wilma Flintstone are living the high life. Fred has a one million life insurance policy from " The Rock Insurance Company." Louisiana law recognizes a simple principle; if someone pays you money by mistake that you were never legally entitled to receive, the person who made the payment can generally recover it.
The insurance distributor that builds its own software will win the next decade
When everyone claims the same edge, no one has an edge.
For the second quarter ended June 30, 2026, iA Financial Group recorded core earnings† of $330 million and core diluted earnings per common share†† of $3.68, which is 5% higher than the same period in 2025, when insurance experience was very favourable. “Our diversified business model continued to demonstrate its strength in the second quarter, as broad-based…
Supporting small businesses starts with smarter benefits conversations
Most employers want to invest in their people, but intention alone doesn’t solve for execution.
Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
Judge Sherilyn Peace Garnett gave the 29 plaintiffs one final opportunity to revive several fraud-related claims through an amended complaint.
Declined by a machine? The end of the unexplainable no
For years, the technology ran ahead of regulation. That era is closing.
AM Best has revised the outlooks to negative from positive and affirmed the Financial Strength Rating of A- and the Long-Term Issuer Credit Ratings of“ a-” of the following subsidiaries of Group 1001 Insurance Holdings, LLC: Delaware Life Insurance Company and Clear Spring Life and Annuity Company. These companies are referred to as the Group 1001 Life& Annuity…
