AIG reports strong Q3 despite challenging market conditions
AIG achieved strong Q3 growth in underwriting profitability and delivered consistent capital returns to shareholders, the company reported.
Corebridge Financial tallies strong annuity, life sales numbers in Q3
Executives touted Corebridge Financial’s recent launch of its MarketLock RILA during a third-quarter call Tuesday with Wall Street analysts.
Equitable hones in on annuity delivery across channels after strong Q3
Credited with introducing the first registered indexed-lined annuity in 2010, Equitable is far and away the market leader for the now-trendy RILA products.
Insurance agency M&A activity down 10% through Q3, Optis reports
There were 535 announced insurance agency mergers and acquisitions through three quarters of 2024, down 10% from 594 in the same period in 2023.
US catastrophe claims hit 7-year high, report finds
Catastrophe claims related to severe weather events reached a seven-year high in 2023, according to data analytics firm LexisNexis.
Survey finds some support for DOL fiduciary rule
A new survey of financial professionals shows surprising and almost uniform support for the Department of Labor’s Retirement Security Rule
Hawaii court first to classify greenhouse gases as pollutants
Hawaii Supreme Court becomes the first to classify greenhouse gases as pollutants, and thus excluded from traditional insurance coverage.
How insurers can tackle the cyber insurance risk of deepfakes
A legal expert is urging insurers to keep abreast of the risks associated with one of the most complex forms of cyber crime: deepfakes.
Prudential rides five $1B-selling annuity products to solid Q3
Booming annuity sales helped Prudential record strong performance in its retirement businesses during a successful third quarter.
Allstate reports strong Q3 earnings despite hurricane losses
Despite huge losses from hurricanes, Allstate reported strong earnings and improved strategic position for the third quarter 2024.
Taming market volatility risk is a must for investors
Americans see risk reduction in the face of market volatility as their key requirement for financial advisors.
Lincoln Financial delivers nuggets of good news, along with $528M Q3 loss
Lincoln Financial executives gave plenty of reasons Thursday for Wall Street analysts to feel good about its future: strong annuity sales, a new Bermuda reinsurer, and a new company branding effort.
Insurers need to work fast to train employees on AI, or risk losing them
Having perfunctory skills in artificial intelligence is now “table stakes” for new hires in the insurance marketing world.
Cover Genius CEO: Partnerships, agility define the future of insurtech
The American insurtech landscape has entered a “second wave” that’s all about collaboration and partnerships, says the Cover Genius CEO.
Advisor to SEC: show the court your guidance on commission payments
A Massachusetts financial advisor also licensed as an insurance agent is asking a judge to force the Securities and Exchange Commission to back up its stance on commission payments.
Economic conditions, income needs drive big annuity sales, LIMRA says
Strong economic conditions and a growing awareness of the power of guaranteed income continued to drive record-setting annuity sales through the third quarter, LIMRA reported.
Anthem BCBS may face class action suit for alleged ‘ghost network’
A first-of-its-kind lawsuit seeking class action status against Anthem BCBS accuses the insurer of misleading patients.
Ratings agency ‘concerned’ Fla. insurers may be unfairly denying hurricane claims
Florida-based Weiss Ratings agency is voicing concern about the high number of claim denials in the wake of Hurricanes Helene and Milton,
Why investors fire advisors (and why they keep them)
Common wisdom states that investors fire their advisors because of unhappiness with their returns. But that’s not always the reason, two Morningstar behavioral experts said.
