Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Madoff Scandal Changes FINRA Exam Process
By Arthur D. PostalThe Financial Industry Regulatory Authority is responding to the criticism prompted by the Bernard Madoff scandal by intensifying its exam process.
June 30, 2011
Life Care Funding Group to speak on implications of consumer disclosure model lawChris Orestis, CEO of Life Care Funding Group, will present on the implications for long term care providers of the Life Insurance Consumer Disclosure Model Law passed unanimously in November, 2010 by the National Conference of Insurance Legislators.
June 30, 2011
Unscrupulous advisors bilk clients for personal gainA California life insurance agent has been sentenced to three years and eight months in state prison for multiple felonies in a Ponzi scheme used to bilk unsuspecting victims out of approximately $800,000.
June 30, 2011
Answer life's callImagine one of your clients wants to buy life insurance (it happens!). But you never get around to sell the product because you had bigger fish (read: "products") to fry.
June 30, 2011
9th Circuit Backs LTD Benefits PlaintiffA federal appeals court in California has ruled against an insurance company and in favor of the plaintiff in a long-term disability benefits case.
June 30, 2011
Personnel Changes: Nippon Life, Great-West, Lockton, Cohen MilsteinFrancine Young is taking over as chief operating officer of Nippon Life Benefits.
June 30, 2011
GAO: PBGC Using Too Many ContractorsThe Pension Benefit Guaranty Corp. may lose the institutional knowledge it needs to manage contractors if it continues to rely so heavily on contractors to manage core functions.
June 30, 2011
Analysts Mull Mutual Fund Deal RumorWhether the idea of Hartford Financial Services Group Inc. selling its mutual fund business makes sense would depend on what the company did with the proceeds, securities analysts say.