Two industry groups are praising Wisconsin Gov. Jim Doyle for signing into law tough new rules on stranger-originated life insurance (STOLI) transactions, while another organization indicates the measure will deny consumer rights.

A life insurance trade group is telling federal officials the vital role that guaranteed lifetime income options can have in workplace retirement plans.

A life insurance trade group is expressing its concern over an Obama Administration proposal to tax annuity income to fund Medicare.

With a new survey indicating that the recession has eroded the savings practices of millions of Americans, a life insurance association is joining others in promoting the importance of making …  Read →

The House Financial Service Committee approved a bill creating a federal insurance office. The office, to be run by the U.S. Treasury Department, would provide information to Congress on insurance matters, as well as work on global insurance initiatives.

Two national insurance agents groups are commending the Obama Administration for the clarity of language included in new details of its proposed Office of National Insurance, although one of the …  Read →

A key U.S. trade representative has told Japanese officials about his concerns over unfair treatment U.S. insurers complain will occur if a proposal from Japan Post Insurance is approved in …  Read →

As the Obama Administration gets closer to a plan for financial services regulatory reform, the American Council of Life Insurers is reiterating its stance that those efforts should include an …  Read →

As he continues the push for the federal regulation of insurance, Pennsylvania Rep. Paul E. Kanjorski, a Democrat, has reintroduced what he is calling a “minimum step” for more oversight …  Read →

The Obama Administration is looking to tax life insurance firms, securities dealers and large estates to raise money for some of its numerous reforms.

The Treasury Department is looking to raise …  Read →