Plaintiffs seeks final OK of $69M UnitedHealth settlement in 401(k) lawsuit
A group of plaintiffs suing UnitedHealth Group over the fund selections in its company retirement plan is seeking final court approval for a $69 million settlement.
Study: Small businesses see benefits as key to attract, retain quality talent
U.S. small business owners want to invest more in workplace solutions for their employees’ health and finances.
National Life: Strong 2024 sales led by 20% life growth, 17% annuity rise
National Life Group set a bunch of new sales records in 2024, including $635 million in life insurance policies, $3.4 billion in annuities.
Life insurance sales up 2% in the first quarter, Wink finds
Life insurance sales rose more than 2% in the first quarter, Wink, Inc. found in its Sales & Market Report.
LIMRA/LOMA targets consumers with Alliance for Lifetime Income merger
For LIMRA, the decision to venture into the consumer-focused space comes amid soaring annuity sales and the SECURE Act bills boosting the products.
What cuts, 20% layoffs at NOAA might mean to insurers
As another volatile hurricane and wildfire season looms, insurers are confronting a new risk not coming from nature — but from Washington.
Regulators wave off criticism, adopt reinsurance asset-testing guidance
A state insurance task force adopted a long-anticipated reinsurance asset testing guideline Thursday.
CVS, Express Scripts sue to block ‘protectionist’ Arkansas PBM law
CVS and Express Scripts filed separate lawsuits recently challenging a new Arkansas law they say aims to put them out of business in the state.
Life premium up in Q1, LIMRA reports; Pacific Life takes over as No. 1
Pacific Life, Nationwide, and Prudential made big moves up the life insurance sales charts during the first quarter, LIMRA reported Wednesday.
Impact of ‘big, beautiful bill’ to advisors may be a shift in client behavior
The sweeping federal budget legislation dubbed the “big, beautiful bill” by its backers is sparking sharp debate over its potential impact.
Penn Mutual, co-defendants, ask court to dismiss lawsuit alleging tax scam
Defendants are asking a California court to dismiss a lawsuit alleging a tax-avoidance scam around Penn Mutual whole life insurance policies.
Pace of regulatory changes reshapes risk for insurers, expert says
The volume and speed of regulatory changes under the Trump administration is reshaping what risk management looks like for insurers.
Legacy systems a big barrier to insurance industry digital marriage
Legacy systems remain a very large hurdle for many old-guard life insurance companies. But things are slowly changing.
UnitedHealth shareholders support $60M stock package for CEO Hemsley
Despite rumblings of widespread dissatisfaction, UnitedHealth Group shareholders voted to support a $60 million stock package for returning CEO Stephen Hemsley Monday morning.
Is AI replacing insurance agents? New labor study says ‘not yet’
Despite concerns about AI “replacing” humans, a recent study found most insurance companies plan to increase staff hiring over the next year.
Regulators to vote on disclosure-only reinsurance asset testing guideline
Regulators are set to adopt an asset adequacy testing guideline to add another layer of transparency to major reinsurance deals.
Q1 annuity sales veer off record pace, remain solidly strong, Wink finds
Annuity sales might have peaked, judging by the still-strong first-quarter sales data released Friday by Wink, Inc.
The importance of seeking financial advice early
of 25 and 39 is “highly important” or “critical.”
Utah regulators withdraw rehabilitation petition against A-Cap insurers
Utah regulators dropped a petition to force Sentinel Security Life Insurance Co. and a pair of reinsurers into court-ordered rehabilitation.
