IFAwebnews » MN

Man fined $10,000 for helping relative improperly sell annuity

Bob Graham — Mon, 14 Feb 2011 16:27:54 +0000

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.

Man fined $10,000 for helping relative improperly sell annuity via IFAwebnews.

Two companies first licensed under New York’s new life settlement law

Bob Graham — Wed, 15 Dec 2010 10:56:50 +0000

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

Two companies first licensed under New York’s new life settlement law via IFAwebnews.

Ax Life expanding into the Midwest

Bob Graham — Fri, 19 Nov 2010 11:41:59 +0000

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

Ax Life expanding into the Midwest via IFAwebnews.

Philadelphia, other cities struggle with unfunded pension liabilities

Jaime L. Brockway — Wed, 20 Oct 2010 09:38:59 +0000

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.

Philadelphia, other cities struggle with unfunded pension liabilities via IFAwebnews.

New York firms, others operating as Calif. life settlement providers

Bob Graham — Thu, 23 Sep 2010 09:28:01 +0000

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

New York firms, others operating as Calif. life settlement providers via IFAwebnews.

Insurer fined $100,000 in Minn. over its medical discount plans

Bob Graham — Tue, 21 Sep 2010 19:28:22 +0000

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

Insurer fined $100,000 in Minn. over its medical discount plans via IFAwebnews.

QBE the Americas closes acquisition of NAU Country Insurance

IFAwebnews Staff — Tue, 20 Jul 2010 13:11:27 +0000

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

QBE the Americas closes acquisition of NAU Country Insurance via IFAwebnews.

Securian offers Personal Savings Illustration to aid contributions

IFAwebnews Staff — Tue, 08 Jun 2010 16:00:43 +0000

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

Securian offers Personal Savings Illustration to aid contributions via IFAwebnews.

Health Savings Account enrollment hits 10 million mark

IFAwebnews Staff — Wed, 26 May 2010 12:11:59 +0000

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).

Health Savings Account enrollment hits 10 million mark via IFAwebnews.

Eastern Insurance to sell group benefits subsidiary to Security Life

Keith L. Martin — Tue, 04 May 2010 16:25:14 +0000

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.

Eastern Insurance to sell group benefits subsidiary to Security Life via IFAwebnews.