Half of middle-market baby boomers say they lack the confidence to manage their investing, and fewer than 50% have contacted a financial services professional for help, according to a new survey from the Insured Retirement Institute.

Salt Lake City, Utah-based HealthEquity acquired health savings account (HSA) administrator First Horizon Msaver from First Tennessee Bank National Association for an undisclosed amount.

Between 19 million and 45 million American workers could be paying more for their benefits in the next two years as their employers replace their employer-paid and contributory benefit programs.

Standard & Poor’s Ratings Services lowered to “AA+” from “AAA” its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups, following its lowering of the U.S.’s credit rating last week.

The shift in voluntary sales from group to individual sales, which began in the last 10 years, continues, as group sales lagged behind individual sales by only $25 million last year.

Most life insurance policyholders want to use online services on their insurers’ websites, and insurers can benefit from website use to build a better relationship with their clients, a new study says.

Life settlements are becoming an increasingly appealing option for investors who fear the recent volatility of the stock market combined with the globalization of financial markets, according to a Dallas-based company that trains life settlement brokers.

A Souderton, Pa.-based insurance company introduced product solutions designed to cover those who have been or who otherwise would be turned down for long-term care insurance.

Five employees of a life-settlement company, including two executives, who admitted to conspiring to bilk more than 800 investors were sentenced to prison for their roles in the $100 million, life-settlement fraud scheme.

New Jersey issued a certificate of authority, effective July 1, to its first captive insurance company, according to state insurance regulators.