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Image shows a man and the Connecticut state loho
The Connecticut insurance commissioner is opposed to allowing large policyholders to intervene in the PHL Variable liquidation proceedings.

There is “no basis” for large policyholders to intervene in the PHL liquidation process, and Judge Daniel J. Klau should deny such requests, Connecticut regulators say.
Images shows a man and a thought bubble with the numbers, "27%!"
Regulators are beginning what is sure to be a long process to update the illustrations regulation.

Current annuity illustrations from top sellers show returns as high as 27% in one year, said Ben Slutsker, director of life actuarial valuation at the Minnesota Department of Commerce.
Image shows the Pacific Life logo
Pacific Life agreed to a large settlement with plaintiffs over its indexed universal life product.

Anyone who purchased a Pacific Discovery Xelerator indexed universal life insurance policy in California between 2016 and 2019 could be eligible for a piece of a $58 million settlement.
Image shows the F&G logo
F&G Annuities and Life reported higher indexed annuity and indexed universal life sales in the fourth quarter.

F&G Annuities and Life is a top 15 annuity seller with a strong lineup of products. But its financial performance continues to turn off investors.
Image shows a football and the words, "Medicare Fraud."
Authorities say a former NFL player defrauded Medicare out of nearly $200 million by selling patient information and sham doctors’ orders for orthotic braces that patients did not want or need.

Joel Rufus French sold patient information and sham doctors’ orders for orthotic braces that patients did not want or need.

The National Association of Benefits and Insurance Professionals Board of Trustees announced that, effective immediately, Jessica Brooks-Woods is no longer serving as the association’s CEO.