Regulators take heat from all corners on new LTC rate review proposal
Long-term care insurance rate hike requests represent a longstanding headache for state insurance regulators who desire consistency.
Annuity integration initiative could help advisors build ‘superior client engagement’
Advisors could soon benefit from simpler integration of annuities if IRI is successful in developing a digital, standardized infrastructure.
Regulators debate need for proxy discrimination protections in insurance
Regulators hosted a lengthy debate on proxy discrimination’s meaning and cultural significance. Proxy discrimination occurs when a facially neutral trait is used as a stand-in for a prohibited trait.
Extreme weather could crack a retirement nest egg
Many Americans appear to have another financial risk to worry about: The negative effect that extreme weather could have on their financial future.
NuraLogix: How one company is using facial scanning for insurance underwriting
NuraLogix developed an artificial intelligence tool that can measure more than 100 health and wellness parameters using a video camera.
Reinsurance asset testing guideline could run afoul of existing agreements
Regulators seeking to strengthen asset testing requirements for large-scale offshore reinsurance deals ran into a few potential hurdles this week.
LIMRA/SOA study: Fixed-rate deferred annuitants are not surrendering early
A fresh study shows that annuitants are generally not surrendering their contracts prior to the surrender charge period.
Appeals court: Lincoln can keep premium paid early by late policyholder
A federal appeals court ruled Thursday that Lincoln does not have to return a pro-rated share of annual life insurance premium fully paid before the policyholder’s death.
Athene execs seek to reassure Wall Street after profit decline
Not even industry leading annuity sales data kept Athene from lagging earnings in the second quarter.
Jackson Financial reports strong Q2 earnings, despite hedging hits
Jackson Financial’s Q2 earnings show strong results despite a significant drop in net income due to unfavorable hedging results.
Brighthouse execs blunt about ‘disappointing’ Q2 capital numbers
Brighthouse Financial CEO Eric Steigerwalt opted for unusual candor while unpacking second-quarter results with Wall Street analysts Thursday morning.
Brookfield Asset Management crosses $1 trillion in AUM in big Q2
Brookfield Asset Management hit the big $1 trillion mark in assets under management during the second quarter as the firm continues to expand.
NAIC working group adopts long-awaited accelerated underwriting guidance
It took years for a regulator group to finalize an accelerated underwriting guidance that was adopted in five minutes Tuesday with no comments.
Calif. signs law requiring high school finance education class
A new California law requires high-school students to take a personal finance education course to graduate.
Dellwood executives urge court to reject AIG’s ‘Hotel California theory’ in breakup suit
A trio of former American International Group executives are asking a New Jersey court to dismiss a lawsuit brought by the insurance giant alleging misappropriation of confidential information.
Prudential rides strong FlexGuard sales to second-quarter earnings win
Prudential turned a big corner in the second quarter with robust sales of its FlexGuard flagship annuity boosting revenues.
Allstate reports significant turnaround in Q2 from prior year quarter
Allstate delivered strong operational execution in Q2 2024, resulting in a significant turnaround from a net loss in the prior year quarter.
Athene earnings come up short in Q2 despite monster annuity sales
Athene Life & Annuity came up short on earnings during the second quarter despite dominating the industry in annuity sales.
Corebridge Financial stuns analysts with 68% bump in annuity premium
Corebridge Financial’s second-quarter annuity sales were so strong, Wall Street analysts had a hard time believing in the numbers.
