Life Insurance News
A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.
Insurers will struggle to find growth and profits because of ongoing challenges caused by the global economy, according to a new forecast.
New Jersey’s insurance commissioner, Tom Considine, is expected to resign his office next month in preparation for a return to the private sector.
NAIC outlines plan for handling of ULSG and term UL product reserves
The association representing state insurance commissioners released a draft framework providing guidance for evaluating the reserves of universal life with secondary guarantee and term universal life products.
New York Life reorganizing into life insurance, investment units
New York Life Insurance Co., America’s largest mutual life insurer, is re-organizing into two major business units, the company announced.
Financial planning can have a positive effect on familial relationships for Americans who have limits on how much financial assistance they can offer to family members, a new study says.
States make Prudential alter its unclaimed life insurance practices
A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices.
A Cleveland, Ohio-based business services provider bought the employee benefits and retirement section from Advantage Benefit Planning (ABP), based in Pleasantville, N.J.
SEC issues two alerts over risks posed by advisors using social media
The U.S. Securities and Exchange Commission issued two alerts pointing out risks investors and advisory firms face when using social media like LinkedIn and Facebook.
Prudential offers ‘optimism,’ despite concern, for financial markets
Prudential’s market experts showed “optimism” for gains in the financial markets this year, but said some risks could weigh on investors’ earnings.

Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies

Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment

Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage


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