Regional news: Life Insurance News
AXA Advisors is accused in a proposed class-action suit filed in New York of overworking thousands of employees without proper compensation.
The New York State Senate unanimously confirmed Benjamin M. Lawsky, Gov. Andrew Cuomo’s chief of staff, as superintendent of the Department of Financial Services (DFS).
Employers’ defined-contribution plans draw record number of employees
The number of employees participating in their employer-sponsored defined contribution (DC) plans is at a record high, according to a new report.
A lawyer in Florida has admitted to conspiring to fraudulently sell life insurance policies held in the name of AIDS patients.
Two senators from Pennsylvania are raising concerns about the federal tax treatment for life insurance policy sales and purchases.
Variable annuities set pace for 16% overall rise in annuity sales
Annuity sales increased 16% in the first quarter, reaching $60 billion, with variable annuity sales leading the way with a 24% increase in sales over the same period last year.
Insurance agent licensing exams should be more difficult, poll finds
The insurance agent licensing examinations states proffer should be more difficult, according to half the respondents to the most recent IFAwebnews.com poll.
Treasury Dept. to create insurance advisory committee under Dodd-Frank
The U.S. Treasury Department intends to create a Federal Advisory Committee on Insurance as part of the new Federal Insurance Office created under the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Philadelphia-based Lincoln Financial Group said its Lincoln Small Business area has increased its group group size to 2-14 lives.
April showers bringing about positive life insurance activity
April showers appear to have brought an increase in individually underwritten life insurance applications, according to a monthly analysis.
Federal health exchange officials too busy to worry about Supreme Court
Federal health reform would add 100,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Combination life insurance product sales rise at ‘remarkable rate’
Pa. men charged in multi-state, ‘elaborate financial fraud scheme’
Small business worries about its role in retirement planning
Senate passes ‘Band-Aid’ bill to extend NFIP 60 days; House must act
Allstate seeking agency owners for Md., Va., D.C., Pa, Del., W.Va.
Wharton School establishes new risk and insurance program
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