New Orleans-based Pan-American Life Insurance group said it has acquired the life insurance arm of Encova Mutual Insurance Group of Columbus, Ohio.

The post Pan-American Life acquires Encova’s life insurance affiliate appeared first on Insurance News | InsuranceNewsNet.

Tennessee officials are searching for policyholders as regulators and courts continue to unwind the tangled finances of troubled insurance magnate Greg Lindberg.

The post Tennessee regulators search for Southland policyholders after liquidation appeared first on Insurance News | InsuranceNewsNet.

Gains in human longevity have tapered off over the last decade but the next wave of improvements is on its way.

The post Next wave of life expectancy gains is on the horizon, says Swiss Re report appeared first on Insurance News | InsuranceNewsNet.

A group of Nationwide employees sent an overnight email to everyone in the company airing complaints that “expectations have become overwhelming and impractical” for claims adjusters and making six demands for change.

The post Nationwide adjusters make 6 demands to rectify overwork concerns appeared first on Insurance News | InsuranceNewsNet.

Using the Oura Ring and related Oura App, participants can gain a strong understanding of the hours they sleep each night and the number of minutes they spend each day engaged in mindfulness.

The post John Hancock announces collaboration with ŌURA appeared first on Insurance News | InsuranceNewsNet.

A more diverse population requires financial professionals to take a different approach in meeting their needs.

The post Diverse investors require a tailored approach appeared first on Insurance News | InsuranceNewsNet.

Digital field underwriting must happen at a faster pace if the life insurance industry is to survive a time of declining market penetration and falling sales.

The post How life insurers can leverage digital field underwriting appeared first on Insurance News | InsuranceNewsNet.

Mother's Day is a good time to reflect on the monetary value of the work mothers do for their families and for society.

The post Mother’s Day: More than a day to buy flowers appeared first on Insurance News | InsuranceNewsNet.

Lincoln Financial is asking a Texas judge to dismiss a lawsuit filed by nine plaintiffs who claim they were sold a fixed indexed annuity with illustrated promises of unrealistic gains. One of its former agents is the lead plaintiff.

The post Ex-Lincoln Financial agent is lead plaintiff in Texas lawsuit over insurer’s FIA sales appeared first on Insurance News | InsuranceNewsNet.

Silver divorces may involve the division of life insurance. How a life settlement might be a solution.

The post Silver divorce and life insurance settlements: Navigating a new landscape appeared first on Insurance News | InsuranceNewsNet.

Lincoln Financial Group completed another difficult quarter financially, but executives touted last week's $28 billion reinsurance deal as a crucial rebound move for the insurer.

The post Lincoln Financial struggles again in Q1, reports an $881M loss appeared first on Insurance News | InsuranceNewsNet.

The ability to deliver a great customer experience is everything for insurers.

The post 7 tips to deliver a world-class customer experience appeared first on Insurance News | InsuranceNewsNet.

Reframe LifeStage is a first-of-its-kind hybrid policy for the worksite and association market.

The post Reframe Financial soft-launches LifeStage, a digital-first insurance solution appeared first on Insurance News | InsuranceNewsNet.

Castle Analytics, a California-based manager of digital asset funds, announced the launch of a proprietary index fund that provides exposure to Bitcoin, Ethereum, and other cryptocurrencies available within an Insurance Dedicated Fund.

The post Castle Analytics launches Digital Index Fund appeared first on Insurance News | InsuranceNewsNet.

ORANGE, Calif. — Formerly licensed insurance agent Phong Thanh Nguyen, 29, of Garden Grove, was charged today with two felony...

The post California agent charged with felony life insurance fraud appeared first on Insurance News | InsuranceNewsNet.

Prudential Financial continues to make moves to shake off the earnings malaise and reverse a stock decline. The first-quarter results are mixed at best.

The post Prudential falls short of earnings forecasts, execs stress long-term focus appeared first on Insurance News | InsuranceNewsNet.

Insurers face interest rate-related declines in bond values and shareholders’ equity, reductions in assets under management and fee income, and lower variable investment income. However, higher interest rates over a prolonged period are broadly positive for the life insurance industry as investment yields improve.

The post Fitch Ratings: Life insurer liquidity to weather rapidly rising interest rates appeared first on Insurance News | InsuranceNewsNet.

Conning offers its views on the major insurance portfolio challenges, the risks they pose, and how insurers might address them.

The post The portfolio challenges of 2023 – and a path forward appeared first on Insurance News | InsuranceNewsNet.

First-quarter earnings will reveal how well insurance companies are adapting to higher interest rates and taking advantage of a strong annuity sales environment.

The post Life insurance companies ready for analysts to pick apart Q1 earnings appeared first on Insurance News | InsuranceNewsNet.

As the National Association of Insurance Commissioners’ Actuarial Guideline 49-B goes into effect on May 1, some predict a hit on indexed universal sales while others don’t see much of a change in illustrated rates.

The post Will AG 49-B be a May Day or meh day for IUL illustrations? appeared first on Insurance News | InsuranceNewsNet.

Balancing human and digital processes across the insurance industry will be the key to enhancing services and delivering on customer expectations.

The post The insurance cyborg: The intersection of AI and the humans using it appeared first on Insurance News | InsuranceNewsNet.

Field underwriting gathers all the pertinent information that may affect underwriting offers at the initial meetings between financial professionals and clients.

The post Field underwriting: The key to increasing your revenue appeared first on Insurance News | InsuranceNewsNet.

Ironically, most who have purchased life insurance say it's worth the expense, while nearly half of those without it hesitated due to cost.

The post Studies look at how consumers value life insurance – or don’t appeared first on Insurance News | InsuranceNewsNet.

A survey conducted by Greenwald Research for the Society of Actuaries finds the Gen Z and millennials worry about early death but not as much about the real risks.

The post Study: Young people buying insurance worry about wrong risk appeared first on Insurance News | InsuranceNewsNet.

A South Carolina grand jury Tuesday charged convicted murderer Alex Murdaugh with two counts of tax evasion after prosecutors reviewed his final years of tax returns before he headed behind bars.

The post In prison for life, Murdaugh faces 2 more tax evasion counts appeared first on Insurance News | InsuranceNewsNet.

Between 60% and 80% of younger consumers are somewhat or very concerned about the financial impact of each of 12 financial and insurable risks, such as car accidents, damage to personal property or damage to residence.

The post Actuaries examine what young consumers want from insurance appeared first on Insurance News | InsuranceNewsNet.

Life carriers would love to trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them from taking the short-term hit, according to Conning.

The post Accounting standard dampens life insurers’ interest in high-interest bonds appeared first on Insurance News | InsuranceNewsNet.

While two-thirds of Americans report their lives have largely returned to normal following the COVID-19 pandemic, the 2023 Insurance Barometer Study shows a record-high proportion of consumers (39%) who say they intend to purchase life insurance coverage within the next year.

The post LIMRA study shows interest in life insurance at an all-time high appeared first on Insurance News | InsuranceNewsNet.

Suspended Beaufort County lawyer Cory Fleming will go on trial Sept. 11 for financial crimes he allegedly carried out with convicted killer and former lawyer Alex Murdaugh.

The post Trial date set for alleged Murdaugh accomplice Cory Fleming appeared first on Insurance News | InsuranceNewsNet.

Insurers are showing hiring optimism as 67% of them have plans to increase their staff during the next 12 months.

The post Insurers optimistic about hiring, revenue appeared first on Insurance News | InsuranceNewsNet.

The symposium will focus on the importance of promoting diversity, equity, and inclusion within the advocacy work that insurance and financial services professionals do on behalf of their profession and the clients that they serve. 

The post NAIFA to hold 8th annual DEI Symposium on May 22 appeared first on Insurance News | InsuranceNewsNet.

The Bipartisan Working Group on Paid Family Leave invited members from numerous insurance companies to discuss the role of private industries as it relates to paid family leave policies. 

The post Insurers meet with Congress to discuss paid family leave appeared first on Insurance News | InsuranceNewsNet.

Prudential has advised the department that they will voluntarily reprocess denied claims dating back to June 2019 and provide benefits for the claims previously denied based solely on lack of evidence of insurability.

The post DOL: Prudential improperly denied group life insurance claims appeared first on Insurance News | InsuranceNewsNet.

Against a backdrop of economic challenges, adults are beginning to feel less positive about the current state of their finances in 2023, according to the latest findings from the New York Life Wealth Watch survey.

The post 58% of American adults report rising costs as a top financial concern appeared first on Insurance News | InsuranceNewsNet.

Prospects and clients come to the process with a set of prejudices and objections quite often fed by consumer media. Insurance professionals can use the LAER method to work through those preconceptions.

The post How an agent can effectively counter life insurance objections appeared first on Insurance News | InsuranceNewsNet.

There are a record number of unfilled jobs in the industry, with one survey recently showing a 10-year low in layoffs and a 10-year high in the number of people quitting.

The post Insurance industry still faces recruitment, retention challenges appeared first on Insurance News | InsuranceNewsNet.

SPRINGFIELD, Mass., and BOSTON, April 13, 2023 – Massachusetts Mutual Life Insurance Company (MassMutual) today announced that it launched a second...

The post MassMutual announces additional $100M fund to invest in diverse-led and overlooked companies appeared first on Insurance News | InsuranceNewsNet.

North Dakota Gov. Doug Burgum signed legislation Thursday making the plains state the 47th member of the Interstate Insurance Product Regulation Compact.

The post North Dakota the 47th jurisdiction to join the interstate insurance compact appeared first on Insurance News | InsuranceNewsNet.

A coalition of insurance industry and healthcare leaders have formed a non-profit organization to help global insurers screen, test, and triage members to combat the baffling rise in excess mortality.

The post Insurance industry coalition forms non-profit to study baffling excess mortality appeared first on Insurance News | InsuranceNewsNet.

Dear Attorney: I am so confused. If the total face value of all the applicant's whole life policies is $1,500 or more, most states consider the total cash value of all policies as a countable asset that affects Medicaid eligibility. He has assets of less than $1,000, not counting his whole life insurance policy that has a face value of $5,000.

The post TULLY: How life insurance policies affect Medicaid eligibility appeared first on Insurance News | InsuranceNewsNet.

Empathy’s platform provides logistical and emotional support to Guardian’s beneficiaries, extending the care families receive beyond their payout.

The post Guardian Life teams with Empathy to help bereaved beneficiaries appeared first on Insurance News | InsuranceNewsNet.

The association events were held in conjunction with Women's History Month.

The post NAIFA advocates for women’s financial security in March appeared first on Insurance News | InsuranceNewsNet.

Prosecutors allege that Wasserman led a $6.3 million financial fraud. The three most serious charges -- wire fraud, mail fraud and conspiracy to commit wire and mail fraud -- all carry maximum sentences of 20 years.

The post ‘Annuity King’ calls Ponzi scheme charges ‘a joke;’ Trial starts today in Tampa appeared first on Insurance News | InsuranceNewsNet.

Life insurers are increasingly compiling higher risk assets and AM Best is watching closely, two directors assured a federal Department of the Treasury committee Wednesday.

The post AM Best will be ‘all over’ life insurers if high-risk assets escalate appeared first on Insurance News | InsuranceNewsNet.

The number of families reporting any life insurance coverage peaked at 85.4% in 1971. That number declined nearly every year since and is expected to decline in 2022.

The post Life insurance industry sales focus change cited in falling policy counts appeared first on Insurance News | InsuranceNewsNet.

A state insurance regulator group is finishing up its next industry survey to learn how home insurers are using artificial intelligence and machine learning.

The post State insurance regulators pursue more data on industry use of AI appeared first on Insurance News | InsuranceNewsNet.

Modern Life’s technology and brokerage platform will provide access to life insurance products from Symetra.

The post Modern Life announces distribution partnership with Symetra appeared first on Insurance News | InsuranceNewsNet.

Enough positive variables are in play for LIMRA analysts to project record-level life insurance premium through 2024. Specifically, December 2020 changes to the IRS tax code criteria that cash value life insurance policies must meet to retain tax-advantaged status.

The post LIMRA: Life insurance premium expected to maintain record levels through 2024 appeared first on Insurance News | InsuranceNewsNet.

After a year-long investigation and a highly publicized, six-week trial, disgraced and disbarred South Carolina lawyer Richard "Alex" Murdaugh has been convicted and sentenced in the June 7, 2021, shooting deaths of his wife, Maggie, and younger son, Paul. The S.C. Attorney General's Office earned a conviction on both counts of murder during a marathon trial in...

The post Sordid Murdaugh crime saga far from over appeared first on Insurance News | InsuranceNewsNet.

A Muscatine woman who attempted to defraud Madison, Wisconsin- based CUNA Mutual Group with a false life insurance claim has been sentenced to two years in federal prison. She pleaded guilty to one count of wire fraud on Nov. 14, 2022, during a change of plea hearing in U.S. District Court, Davenport. During a sentencing hearing held Wednesday in U.S. District Court,...

The post Iowa woman gets 2 years in prison for defrauding life insurance policy of neighbor appeared first on Insurance News | InsuranceNewsNet.