DOJ joins lawsuit against major carriers alleging Medicare kickback scheme
Federal prosecutors have accused 3 of the country’s biggest health insurers of taking part in a kickback scheme allegedly defrauded Medicare.
Cigna reports strong Q1, completes Medicare divestiture
The Cigna Group reported a strong start to the year, with first-quarter 2025 revenues rising 14% to $65.5 billion.
Apollo shakes off loss of ‘Goldilocks’ economy, keeps making money
Apollo’s total assets under management hit $785 billion at the end of Q1, a 17% year-over-year increase. Annuity sales were even better.
CVS reports strong Q1 earnings, will exit Aetna’s ACA plans
CVS Health Corp. reported a strong start to 2025, with first-quarter revenue climbing 7%, driven by growth across all business segments.
Prudential rides U.S. Businesses to Q1 win, but new CEO wants more
Prudential Financial reported a first-quarter profit gain off strong underwriting in the insurer’s U.S. Businesses unit. But new CEO Andrew Sullivan is raising the bar.
KKR execs vow to ‘keep investing’ amid global economic distress
KKR will not pull back from its strategy in the face of worldwide market volatility, said co-CEO Scott Nuttall. In fact, the firm expects to be even more aggressive.
Could America’s long-term care crisis intensify under Trump policy?
Industry professionals are underscoring the need for states to tackle a looming long-term care crisis in the face of public funding cuts and tariff-driven economic uncertainty.
Stubbornly high Q1 mortality puts a dent in Equitable earnings
Equitable Holdings is the latest life insurer to report disturbingly unexplained mortality results.
ACLI: Pension risk transfer lawsuits based on ‘misleading allegations’
Insurance companies taking on billion-dollar pension risk transfers are subject to “robust and extensive” oversight, the American Council of Life Insurers wrote in court briefs.
‘Economic anxiety’ in March boosts slipping annuity sales, LIMRA finds
Total first-quarter annuity sales topped $100 billion for the sixth consecutive quarter, LIMRA said today.
Lawsuits target top 25 Calif. insurance carriers, allege wildfire coverage collusion
Two lawsuits filed on behalf of property owners impacted by California wildfires allege the companie colluded to limit coverage.
How will Congress, executive orders impact health care?
Congress returns to Washington from its spring recess to face a jam-packed agenda, with extending the 2017 Tax Cuts and Jobs Act its top priority.
Medicaid cuts would devastate rural hospitals, communities
Medicaid cuts would disproportionately impact rural communities, older and disabled Americans, and commuities of color.
How failure to modernize could be holding insurance companies back
Failure to modernize back-office operations and embrace new technology that enables efficiency could be holding some insurance companies back.
Jury delivers split decision in Jeffrey Cutter annuity sales trial
A Massachusetts jury delivered a split verdict Wednesday against an advisor accused of making improper annuity sales.
After slow period, insurance brokerage M&A’s come roaring back
After a rocky stretch and a bit of pandemic-era belt-tightening, the insurance brokerage world came roaring back to life in 2024.
MIB Group introduces first e-signature platform specifically for life insurance
The first e-signature and workflow support platform specifically designed for life insurance should bring speed and simplicity to the industry, MIB Group said.
TIAA, MIT Age Lab ask if investors are happy with financial advice
A new TIAA Institute study in collaboration with MIT AgeLab asks respondents if they are satisfied with the financial advice they receive.
‘Really huge’ opportunity for life insurance sales if riddle can be solved
The problems facing life insurance sellers are not new: Americans know they need life insurance, but they’re just not buying it.
