Regional news: Life Insurance News
A New York investigation into how insurance companies track life insurance policyholders and their beneficiaries resulted in more than 32,000 payments totaling $262.2 million, more than four times its tally in December.
About 200,000 people were paid $6.6 billion in long-term care insurance benefits in 2011, with Alzheimer’s disease the top reason for policies to pay out, a new report suggests.
CFP Board to publicize bankruptcy cases, ease application process
The Certified Financial Planner (CFP) Board of Standards decreased the amount of experienced needed to become a CFP professional and made bankruptcy cases available to the public, among other disciplinary changes.
LPL Financial’s RIA Platform hits $25 billion mark in three years
LPL Financial, the nation’s largest independent broker-dealer, said its RIA Platform, its 3 year old custody unit, has exceeded $25 billion in total assets under custody.
A securities law firm is investigating the going-private transaction involving The Edelman Financial Group, a national wealth management firm, and its leadership, including Ric Edelman, for a possible breach of fiduciary duty in its sale to a private equity firm.
Symetra Investment Services has formed a strategic partnership with Crump Life Insurance for the sale of life insurance and annuities.
SunAmerica Financial Group is restructuring its life insurance and retirement services divisions as it seizes “a unique time for opportunity, change and growth.”
The number of U.S. life insurance applications filed in March fell slightly, although the first quarter showed overall gains over 2011, according to the monthly MIB Life Index.
Arthur J. Gallagher & Co. acquired a 36-year-old, Louisiana-based employee benefits and insurance brokerage company serving the southern U.S.
The amount of inforce individual disability income insurance rose 2% in 2011, reaching a total of more than $4.5 billion, according to a new survey of carriers.
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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