SEC Reports Second-Biggest FY Fine Total Ever
Enforcement results for Fiscal Year 2023 show 784 enforcement actions and obtained orders for nearly $5 billion in financial remedies and distributed almost $1 billion to harmed investors.
Recent Life Insurance News
National Western, Prosperity Life Group Announce $1.9 Billion Cash Merger
Deal comes months after Prosperity abandoned takeover try for American Equity.
Record-Setting $7.3 Billion Dividend Payment on Tap for Northwestern Mutual Policyowners
Company has paid more than $150 billion in dividends since 1872.
Transamerica to Collaborate with Bestow to Enhance Financial Protection Offerings
With an eye toward reaching the underserved middle market, Transamerica’s partnership with Bestow will offer customers and insurance agents a streamlined application experience.
3 Misconceptions that Deter Americans from Getting Covered: Life Insurance Awareness Month
As Life Insurance Awareness Month turns 20, LIMRA debunks three common misconceptions keeping Americans from getting the coverage they need.
Coventry, Abacus Rank 1-2 in Life Settlement Market for 2022
Coventry, the creator of the secondary market for life insurance, once again ranks first for life settlements in 2022 by both number and value, according to financial publication The Deal.
Premiums Down, but Life Policy Sales Up in Q1 2023
LIMRA finds policy sales increased 4% in the first quarter, driven by small and mid-size carriers, but total new annualized premium slips from the record-high set in the prior year.
Bitcoin-Based Life Insurer Launches in Bermuda with Backing from OpenAI’s Sam Altman
“Meanwhile” billed as the first-ever digital asset-denominated life insurance provider, aims to reach a billion people globally by harnessing the power of AI and operating entirely in digital assets.
Term Life Face Amount Up 14% Year Over Year at Primerica
Q1 earnings report shows new life-licensed representative count up 11%, and Senior Health business makes progress toward profitability.
Interest in Life Insurance at All-Time High
2023 Insurance Barometer Study reveals younger Americans have the greatest need and desire to buy life insurance.
Labor Department Reaches Settlement with Prudential Over Denied Claims
Insurer accepted participants’ life insurance premiums, then denied hundreds of claims over failure to provide evidence of insurability.