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 new government report on long-term care insurance rate increases puts an end to “hyperbole” about how policyholders will act, according to a LTC industry official.

John Hancock Insurance Cos. will pay about $4 million in overdue insurance and annuity payments to Maryland policyholders as part of an agreement over the results of an abandoned property audit.

Capitol Financial Solutions (CFS) Brokerage Services department was endorsed by the Professional Insurance Agents Association (PIA) of NC to offer members its product line.

California’s state controller says a multi-state settlement with John Hancock over its handling of state unclaimed property laws with its life insurance and annuity policies “will not be the last” for life insurers.

Long-term care costs continue to increase, but not at the same rate as other goods and services, according to the latest John Hancock Financial Cost of Care Survey.

Maryland law may prohibit John Hancock Life Insurance Co. from raising rates on its existing long-term care insurance policies in the state by 40%.

MetLife will no longer issue individual long-term care insurance policies.

MetLife says it will stop selling new individual long-term care insurance policies in December, while its other LTC new product sales will be halted next year.

A former Ponte Vedra Beach, Fla., financial advisor is now permanently barred from the industry for misappropriating more than $1.9 million of his clients’ funds and taking other actions to hide his scheme.