Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Illinois Names Wagner Acting Director of Insurance
By Chad HemenwayRobert E. Wagner has been named Illinois third acting director of insurance since former director Michael McRaith left to become the lead the Federal Insurance Office.
January 04, 2012
State vs. Federal, Round ThreeFollowing a FIO conference on the nature of insurance regulation, and news of legislation aiming to strip federal offices of their power to regulate insurers, the American Council of Life Insurers (ACLI) said on December 14 that progress has been slow in making the state regulatory system uniform across all...
January 04, 2012
State vs. Federal, Round OneInsurance representatives on December 9 agreed at a Washington conference that the new Federal Insurance Office (FIO) is an important single point of contact at the federal level on insurance issues, especially international ones.
January 04, 2012
Sun Life to Discontinue VA and Individual Life Sales in U.S.A Canada-based life insurer is exiting the variable annuities and individual life products markets in the U.S. not quite a week after ING announced it would be taking a huge charge as it too exited the U.S. variable annuities market.
January 04, 2012
Life Insurers Face Double Whammy in New YorkLife insurers based in New York have already made $52.6 million in payments to 7,934 beneficiaries as a result of the New York Department of Financial Services probe of insurer unclaimed property practices.
January 04, 2012
The Year AheadAs the U.S. economy continues its slow-growth recovery, market-watchers remain cautiously optimistic that life insurance professionals and product manufacturers can preserve the sales gains achieved in 2011.
January 04, 2012
Company ManMany veteran agents recall a time that was much more career-oriented, when they were recruited, trained and supported more. As that changed to a more independent system, they feel that something got lost in translation. LIMRA has noted a rising interest in career distribution, something New York Life has never...
January 04, 2012
How to Do a 'Needs Analysis' Before you Buy Life Insurance (Fox Business)Damon Bates, a vice president at Massachusetts Mutual Life Insurance Co., says most people's thinking is backwards when it comes to life insurance.