A New York investigation into life insurers failing to match life insurance policies against master files of deaths has resulted in more than $52.6 million in payments to 7,934 beneficiaries.

An Albany, N.Y.-based organization dedicated to advancing the careers of women announced its 2011 industry partners, whose sponsorship shows their dedication to supporting women in insurance and financial services careers, according to the group.

The Washington Group has expanded its locations, staff and offerings, including the creation of a sales team to focus on the Korean market.

Large life and annuity insurers fared better than smaller insurers in an independent ratings service’s analysis of what companies are strong enough to be recommended to consumers.

MassMutual’s retirement division is set to open the second quarter of 2010 with its new engagement platform.

Roger W. Crandall, named president of MassMutual in 2008, has also assumed the role of chief executive officer as part of a leadership transition at the life insurer.

The Greater Philadelphia Chapters of the National Association of Insurance and Financial Advisors and the Society of Financial Service Professionals will hold their annual View from the Top state of the industry program Jan. 27.

Massachusetts Mutual Life Insurance Co. has reached what it called a milestone as it has now more than 5,000 financial professionals working for it in communities across the U.S.

MassMutual’s Retirement Services Division reported a 76% increase in nonprofit retirement plan sales through Oct. 31, when compared to the same period last year.

Allstate has hired the former head of American International Group’s life companies to oversee its life insurance and retirement products division.