A Rosemount, Minn., man was fined $10,000 and suspended by the Financial Industry Regulatory Authority for three months after he helped a relative to improperly sell a fixed and variable annuity.

The New York State Insurance Department has licensed its first two life settlement providers under a new state law.

Ax Life Insurance plans to establish locations in the Midwest in the next six to eight months to answer the demand for life insurance.

An additional $574 billion in unfunded liabilities — in addition to the previously estimated $3 trillion in unfunded liabilities — from pension plans at the city and county levels, which may affect operational abilities of state and local governments in the future, according to a new report by the Kellogg School.

Ten New York-based companies are among the life settlement providers able to operate in California while state insurance regulators review their license applications.

National Union Fire Insurance Co. was fined $100,000 after being accused of using deceptive advertising to sell unapproved “medical discount plans” in Minnesota.

QBE the Americas completed its acquisition of NAU Country Insurance Co., a writer of crop insurance business based in Ramsey, Minn.

Securian recently rolled out its Personal Savings Illustration, customized specifically for employees who are eligible but not participating in their retirement plans.

The number of people who are covered by Health Savings Accounts (HSAs) has reached 10 million, spurred in part by strong growth in the large-group market, according to America’s Health Insurance Plans (AHIP).

Choosing a greater focus on its workers’ compensation business, Eastern Insurance Holdings Inc. has announced a deal to sell its group benefits insurance subsidiary to Security Life Insurance Co. of America for at least $33 million.