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Insurance Headlines

  • Understanding The Benefits Of Whole Life Insurance
    by user on February 15, 2019 at 4:04 pm

    The average American will hold at least eight jobs during their lifetime and the term life insurance benefit provided will most likely also terminate when the decision to part ways is made. Because of this, it is important to separate the employment insurance from personal insurance. The post Understanding The Benefits Of Whole Life Insurance appeared first on InsuranceNewsNet. […]

  • Man Who Defraud Union In Life Insurance Scam Sentenced To Probation
    by user on February 15, 2019 at 11:02 am

    Feb. 15-- A Williamsville man who admitted he used his dead brother to defraud a trade union of worker benefits was sentenced Thursday in federal court to serve two years of probation-- including six months of detention-- and ordered to perform 100 hours of community service, according to the U.S. Attorney's Office. Prosecutors said 61- year-old Timothy McCluskey,... The post Man Who Defraud Union In Life Insurance Scam Sentenced To Probation appeared first on InsuranceNewsNet. […]

  • SEC Extends Comment Period For Proposed Rules On VA And Variable Life Disclosures
    by user on February 15, 2019 at 8:30 am

    The Securities and Exchange Commission issued the following news release:. The Securities and Exchange Commission today announced that it is extending for one month the comment period on the proposed rulemaking to amend rules and forms to help investors make informed investment decisions regarding variable annuity and variable life insurance... The post SEC Extends Comment Period For Proposed Rules On VA And Variable Life Disclosures appeared first on InsuranceNewsNet. […]

  • AIG Reports Fourth Quarter 2018 Results
    by user on February 13, 2019 at 9:16 pm

    American International Group, Inc. today reported a net loss of $622 million, or $0.70 per share, for the fourth quarter of 2018, compared to a net loss of $6.7 billion, or $7.33 per share, in the prior-year quarter. “Our fourth quarter 2018 results showed positive improvements in General Insurance, reflecting actions we took throughout the year to re-position and... The post AIG Reports Fourth Quarter 2018 Results appeared first on InsuranceNewsNet. […]

  • Brighthouse Launches First Life Product Since MetLife Spinoff
    by John Hilton on February 13, 2019 at 1:31 pm

    With its LTC rider, SmartCare arrives at the intersection of two key retirement trends: rising costs of long-term care and increasing life expectancies. It is estimated that 50 percent of Americans turning 65 today will require some form of long-term care, with average lifetime long-term care expenses of $266,000, Brighthouse noted. The post Brighthouse Launches First Life Product Since MetLife Spinoff appeared first on InsuranceNewsNet. […]

  • NAIC Group Puts IUL Illustration ‘Multipliers’ Under Microscope
    by John Hilton on February 12, 2019 at 9:43 pm

    A National Association of Insurance Commissioners' subgroup had disagreement today during its first conference call today on IUL illustrations. The issue is whether IUL multipliers are fooling consumers into under-funding policies, or an appropriate risk-reward option. The post NAIC Group Puts IUL Illustration ‘Multipliers’ Under Microscope appeared first on InsuranceNewsNet. […]

  • Bermuda Life Insurance Sector Marks 2018 Growth
    by user on February 12, 2019 at 4:53 pm

    The number of Bermuda- based companies in the sector, which provides global coverage of life, annuity and pension products, more than doubled in 2018, compared to the previous year. A total of 15 new long-term companies were licensed in Bermuda last year, compared to six registrations in 2017— marking the greatest year-on-year growth across all insurance... The post Bermuda Life Insurance Sector Marks 2018 Growth appeared first on InsuranceNewsNet. […]

  • Former Principal Accused Of Killing Husband For Life Insurance Due In Court
    by user on February 11, 2019 at 8:05 pm

    Leslie Chance, 52, faces a life term in prison if convicted of the first-degree murder charge filed against her. Chance was first arrested days after the body of Todd Chance, 45, was found the morning of Aug. 25, 2013, in a field off a dirt section of Noriega Road near Enos Lane. She then abandoned the car in a southwest Bakersfield neighborhood before getting home by... The post Former Principal Accused Of Killing Husband For Life Insurance Due In Court appeared first on InsuranceNewsNet. […]

  • Lincoln Financial’s Newest Life Products Address Greater Flexibility
    by user on February 11, 2019 at 7:46 pm

    RADNOR, PA, February 11, 2019 – In response to increasing consumer preference for holistic financial solutions that meet multiple planning... The post Lincoln Financial’s Newest Life Products Address Greater Flexibility appeared first on InsuranceNewsNet. […]

  • AM Best Downgrades Long-Term IC Rating For EquiTrust
    by Wire Reports on February 11, 2019 at 7:37 pm

    AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb” from “bbb+” and affirmed the Financial Strength Rating of B++ (Good) of EquiTrust Life Insurance Company (EquiTrust). The post AM Best Downgrades Long-Term IC Rating For EquiTrust appeared first on InsuranceNewsNet. […]