Life Insurance News
A 2020 Florida law banning life insurers from using genetic information prompted industry trade groups to educate lawmakers on how life insurance works.
The post State genetic information bans not necessary, life insurance lobbyists say appeared first on Insurance News | InsuranceNewsNet.
MassMutual financial professionals can now offer their clients and prospects property/casualty insurance, thanks to a partnership between MassMutual and Insurify.
The post MassMutual partnership with Insurify enables advisors to help clients comparison shop for P/C appeared first on Insurance News | InsuranceNewsNet.
Three former workers in a Northern California office of the Zurich American Insurance Co. who were fired after taking“ off-the-record” paid time off were awarded more than $80 million in damages by a Sacramento jury Thursday, Sacramento attorney Lawrance Bohm announced. The case stemmed from a lawsuit originally filed in 2018 that went to trial after Zurich...
The post $80M verdict for 3 workers fired for taking ‘off the record’ time off in California appeared first on Insurance News | InsuranceNewsNet.
A premium financing deal gone bad in New York State could test the state's tough Regulation 187 best-interest rule.
The post NY lawsuit over premium financing tests oversight promised by Reg 187 appeared first on Insurance News | InsuranceNewsNet.
Fitch Ratings continues to monitor the impact to Globe Life’s financial and operational performance following last week’s short seller report that included allegations of insurance fraud and misconduct that led to a material decline in the company’s share price.
The post Fitch monitoring Globe Life following short seller’s allegations appeared first on Insurance News | InsuranceNewsNet.
Both fraternals are working toward a July 1 merger effective date, pending regulatory approval.
The post Woman’s Life Insurance Society to merge with Trusted Fraternal Life appeared first on Insurance News | InsuranceNewsNet.
Globe Life is reeling after a report Thursday accused brokers at subsidiary American Income Life of widespread insurance fraud.
The post Globe Life accused of rampant insurance fraud by short-seller report appeared first on Insurance News | InsuranceNewsNet.
Language barriers make it difficult for people with limited English proficiency to file claims.
The post How insurance companies can speak their customers’ language appeared first on Insurance News | InsuranceNewsNet.
Protective Life Corporation, a U.S. subsidiary of Dai-ichi Life Holdings, announced that its principal subsidiary, Protective Life Insurance Company, entered into an agreement to acquire ShelterPoint Group, Inc., a provider of statutory disability, paid family and medical leave, as well as medical gap insurance products, among others.
The post Protective Life to acquire ShelterPoint Group appeared first on Insurance News | InsuranceNewsNet.
Women face a multitude of obstacles that require a tailored approach to retirement planning.
The post Help women retire with confidence and dignity appeared first on Insurance News | InsuranceNewsNet.
The LUTCF designation has been relaunched to serve a new generation of industry professionals in a way that is relevant to them.
The post NAIFA revises LUTCF program appeared first on Insurance News | InsuranceNewsNet.
Despite the total breaches rising by 9%, the Annual Industry Data and Compliance Report found that the number of customers impacted by breaches declined between 1 July 2022 and 30 June 2023. This indicates we are making headway in delivering better outcomes for consumers,” Ms McClelland said. Life insurers must prioritise meeting claims handling and...
The post Life insurers struggling to meet claims-handling obligations appeared first on Insurance News | InsuranceNewsNet.
NAIC shouldn't allow European or other foreign regulators to regulate our insurance markets through the back door.
The post Commentary: NAIC should not allow Europe to write our insurance rules appeared first on Insurance News | InsuranceNewsNet.
StanCorp Financial Group, Inc., also known as “The Standard,” today announced the closing of the acquisition of Elevance Health’s life and disability insurance business in accordance with the terms of the agreement reported on March 28, 2023.
The post The Standard completes acquisition of Elevance Health life and disability business appeared first on Insurance News | InsuranceNewsNet.
Your insurance company may know more about you than you realize.
The post 3 ways AI could transform your insurance policy appeared first on Insurance News | InsuranceNewsNet.
NeuGen sued MassMutual, alleging nearly 300 former NeuGen employees lost $3 million when MassMutual terminated a retirement fund after NeuGen announced layoffs in 2022.
The post NeuGen sues MassMutual over alleged $3M retirement fund loss appeared first on Insurance News | InsuranceNewsNet.
The Supreme Court to weigh in on whether the proceeds of a life insurance policy taken out by a corporation on a shareholder is a corporate asset.
The post Supreme Court takes on life insurance as a corporate asset appeared first on Insurance News | InsuranceNewsNet.
By mentoring, fostering open dialogue, and driving advancements in the industry, we can cultivate a culture of innovation and continuous improvement.
The post How can the industry inspire the next generation of women in insurance? appeared first on Insurance News | InsuranceNewsNet.
Downsizing in later years is more than about moving to a smaller home.
The post Financial downsizing for a more comfortable retirement appeared first on Insurance News | InsuranceNewsNet.
Estate planning and life insurance are not just for the ultra-wealthy.
The post Estate planning and life insurance for the 99% appeared first on Insurance News | InsuranceNewsNet.
Life insurers know that technology is one of their biggest challenges to capitalizing on the enormous market appetite for life insurance and annuities.
The post Survey: Life insurers want to be better at meeting technology challenges appeared first on Insurance News | InsuranceNewsNet.
Nearly a third of Americans do not realize that they can save on taxes through life insurance, according to a new study.
The post One-third of consumers unaware of life insurance tax benefits, says study appeared first on Insurance News | InsuranceNewsNet.
For the third consecutive year, total life insurance new annualized premium set a new sales record, rising 1% to $15.7 billion, according to LIMRA’s U.S. Life Insurance Sales Survey.
The post Life insurance premium growth sets another record in 2023, LIMRA finds appeared first on Insurance News | InsuranceNewsNet.
Life insurance sales closed 2023 with a very strong fourth quarter, according to Wink’s Sales & Market Report.
The post Indexed life sales break records in fourth quarter, Wink reports appeared first on Insurance News | InsuranceNewsNet.
American Council of Life Insurers president & CEO Susan Neely announced today that she will retire from association leadership at the end of 2024.
The post ACLI’s Susan Neely retiring from association leadership appeared first on Insurance News | InsuranceNewsNet.
Western & Southern Financial Group’s 2023 financial results showcase several records and growth in strategic areas.
The post Western & Southern announces record 2023 financial results appeared first on Insurance News | InsuranceNewsNet.
Data scientists know that artificial intelligence and predictive modeling leads to some biased underwriting. But more studies are needed to determine the full impact.
The post Underwriters must guard against bias and discrimination, speaker says appeared first on Insurance News | InsuranceNewsNet.
Embattled entrepreneur Greg Lindberg is weighing options after a North Carolina Court of Appeals decision this week clears the way for his former insurance companies to be liquidated.
The post Greg Lindberg ponders appeal as policyholders await June funds release appeared first on Insurance News | InsuranceNewsNet.
With the advent of AI, insurance carriers are tapping novel data sources like social media, GPS records, and smart devices for underwriting.
The post AI, novel data sources move underwriting into the 21st century appeared first on Insurance News | InsuranceNewsNet.
You've put in the work, saved diligently and finally reached that golden age of life: retirement. Well, yes, but there are still some financial loose ends that need tying up. Surprisingly, life insurance might be one of them.
The post Layin' It on the Line: Life insurance in retirement — Wait, I still need that? appeared first on Insurance News | InsuranceNewsNet.
A North Carolina appeals court partially reversed a lower-court ruling today and affirmed liquidation proceedings against insurers once owned by embattled investor Greg Lindberg.
The post NC appeals court deals another blow to Greg Lindberg’s crippled empire appeared first on Insurance News | InsuranceNewsNet.
There's a critical aspect of financial planning that often doesn't receive the attention it warrants until it's too late: the cost of dying.
The post Planning for end-of-life expenses amid soaring costs appeared first on Insurance News | InsuranceNewsNet.
The National Association of Insurance and Financial Advisors announced the formation of its Industry Leadership Board comprised of distinguished leaders within the insurance and financial services sector.
The post NAIFA names financial services leaders to new Industry Leadership Board appeared first on Insurance News | InsuranceNewsNet.
A significant trend is emerging: the increasing financial influence women are having in the market.
The post (What’s so funny ‘bout) embracing the future with women, wealth and understanding? appeared first on Insurance News | InsuranceNewsNet.
In recent years, robo-advisors and AI-powered algorithms have grown in popularity because they provide automated investment advice and portfolio management at a cheaper cost.
The post How AI and information tech are disrupting life insurance advisors appeared first on Insurance News | InsuranceNewsNet.
A new study finds more than 4 in 10 intermediaries — brokerage general agencies and independent marketing organizations — already have or plan to establish programs to recruit more women financial professionals into their network.
The post BGAs and IMOs plan to expand their efforts to recruit female financial professionals appeared first on Insurance News | InsuranceNewsNet.
Several life insurers cited mortality improvements in the fourth quarter for helping to improve life insurance earnings at the end of 2023.
The post Life insurers report improved mortality; actuaries say nothing’s changed appeared first on Insurance News | InsuranceNewsNet.
Wells Fargo tentatively settled another federal lawsuit over what plaintiffs are calling a stranger-originated life insurance (STOLI) policy.
The post Wells Fargo, Ameritas reach tentative settlement on STOLI lawsuit appeared first on Insurance News | InsuranceNewsNet.
Life insurance new premium rose to even higher in 2023, LIMRA reported today, setting a record for the third straight year.
The post LIMRA: Life insurance new premium set a 2023 record for third straight year appeared first on Insurance News | InsuranceNewsNet.
A panel of state insurance regulators is getting back to work on accelerated underwriting guidance for states to consider.
The post NAIC group to fire up dormant work on accelerated underwriting guidance appeared first on Insurance News | InsuranceNewsNet.
Questions about the taxation of life insurance settlements often arise during the tax preparation season.
The post Life settlements and taxes: Navigating the complexities appeared first on Insurance News | InsuranceNewsNet.
Support is growing among some state insurance regulators to tighten the rules for life insurers entering into reinsurance agreements.
The post Regulators look to tighten the reins on reinsurance deals appeared first on Insurance News | InsuranceNewsNet.
The insurance outlook for 2024 is generally positive despite being challenged by catastrophes, inflation and mortality rates.
The post Insurance outlook for 2024 is positive, despite uncertain environment appeared first on Insurance News | InsuranceNewsNet.
Nationwide recently announced a new variable universal life product that offers a flexible solution for long-term financial goals with guaranteed death benefit protection, plus cash value growth potential.
The post Nationwide offers new VUL product appeared first on Insurance News | InsuranceNewsNet.
The Federal Reserve left interest rates unchanged during its most recent meeting, but annuity sellers are preparing for the cuts to come by adjusting rates.
The post Rates on the move as Fed vows to slash interest rates appeared first on Insurance News | InsuranceNewsNet.
Ensured Legacy Final Expense, a suite of life insurance products, is set to offer coverage customization options including a unique rider designed to make a lasting impact on the lives of members and their families across the country.
The post Royal Neighbors launches final expense product appeared first on Insurance News | InsuranceNewsNet.
According to a new MDRT study, 39.2% of U.S. workers say they will have employer-provided term life insurance in 2024, and 33% say they will have employer-provided long-term disability insurance.
The post New MDRT study sheds light on Americans’ employee benefits patchwork appeared first on Insurance News | InsuranceNewsNet.
Life insurers must take note of changing demographics by offering new solutions for new generations.
The post How insurers will serve personalized solutions across generations appeared first on Insurance News | InsuranceNewsNet.
A judge denied a motion Wednesday by Pacific Life to dismiss a lawsuit brought by a Washington couple dissatisfied with a PDX indexed universal life policy.
The post Judge denies PacLife motion to dismiss lawsuit over IUL illustration appeared first on Insurance News | InsuranceNewsNet.
More than 20% of American adults who plan to leave unpaid debt behind for their loved ones to inherit do not have life insurance coverage, according to a new survey from Policygenius.
The post Survey: 1 in 5 Americans who plan to pass down debt are uninsured appeared first on Insurance News | InsuranceNewsNet.
Carrier & Product News
Is 40 Year Term Available? YES!!!
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