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Insurance Headlines

  • American College CEO Opens Up About Black Life In A White World
    by Steve Morelli on June 5, 2020 at 6:24 pm

    American College President George Nichols relays his own experience to help others understand the struggle in black communities. The post American College CEO Opens Up About Black Life In A White World appeared first on InsuranceNewsNet.

  • New IUL Illustration Rules Will Not Apply To In-Force: Regulators
    by John Hilton on June 5, 2020 at 3:43 pm

    A state regulator task force took another step Thursday toward agreement on rule changes designed to rein in index universal life insurance illustrations. In a straw poll vote, Life Actuarial Task Force members voted 13-3 to affirm that any changes will only apply to new IUL policies. The post New IUL Illustration Rules Will Not Apply To In-Force: Regulators appeared first on InsuranceNewsNet.

  • OneAmerica Reports Strong Sales Growth For 2019
    by Press Release on June 4, 2020 at 2:51 pm

    INDIANAPOLIS – (June 3, 2020) OneAmerica® today announced its 2019 financial results, recording another solid year of growth, highlighted by... The post OneAmerica Reports Strong Sales Growth For 2019 appeared first on InsuranceNewsNet.

  • Life Insurance Sales Battle Through Tough 1Q, Wink Reports
    by John Hilton on June 4, 2020 at 2:05 pm

    First-quarter non-variable universal life sales totaled $770.3 million, down 2.5% over the first quarter 2019, according to Wink’s Sales &... The post Life Insurance Sales Battle Through Tough 1Q, Wink Reports appeared first on InsuranceNewsNet.

  • Insurance Will Grow And Flow Through Different Channels: Analyst
    by John Hilton on June 3, 2020 at 6:01 pm

    More fee-based products, new channels and growth in direct-to-consumer sales are some trends Chip Roame expects in the coming years. Roame, managing partner of Tiburon Strategic Advisors, characterized insurance products as being in a natural transition phase. The post Insurance Will Grow And Flow Through Different Channels: Analyst appeared first on InsuranceNewsNet.

  • Life Insurance Ownership Drops 9% In A Decade, Study Finds
    by Press Release on June 2, 2020 at 2:15 pm

    Over the past decade, U.S. life insurance ownership has fallen 9 percentage points to 54%, according to the 2020 Insurance Barometer Study. Researchers attribute the drop in ownership to a broad decline in employer-paid group life insurance benefits. The post Life Insurance Ownership Drops 9% In A Decade, Study Finds appeared first on InsuranceNewsNet.

  • Life Insurance Groups Address George Floyd Death, Denounce Racism
    by John Hilton on June 1, 2020 at 8:09 pm

    Several life insurance groups joined to release a statement this afternoon addressing racism, the George Floyd death and resulting protests across U.S cities. The post Life Insurance Groups Address George Floyd Death, Denounce Racism appeared first on InsuranceNewsNet.

  • Two Insurers Cutting Salaries From COVID-19 Impact
    by Susan Rupe on June 1, 2020 at 6:55 pm

    A number of major employers nationwide are cutting salaries in an effort to cope with the financial fallout from the COVID-19 pandemic. In the insurance world, Principal Financial and Aon announced they are reducing salaries for a percentage of their workforce. The post Two Insurers Cutting Salaries From COVID-19 Impact appeared first on InsuranceNewsNet.

  • ACLI Version Wins In IUL Illustration Fight
    by John Hilton on May 29, 2020 at 4:02 pm

    Life Actuarial Task Force members voted 15-2 in a “straw poll” to proceed with language put forth by the American Council of Life Insurers. The language is designed to shore up Actuarial Guideline 49 and bring IUL illustrations more in line with actual returns. The post ACLI Version Wins In IUL Illustration Fight appeared first on InsuranceNewsNet.

  • Term Life Premium Up 8%, Offsetting Tough 1Q: LIMRA
    by John Hilton on May 28, 2020 at 4:10 pm

    Term life insurance premium increased 8% in the first quarter, the highest since the second quarter 2007, according to LIMRA’s First Quarter 2020 U.S. Individual Life Insurance Sales Survey. Sixty percent of term life writers reported positive growth. The post Term Life Premium Up 8%, Offsetting Tough 1Q: LIMRA appeared first on InsuranceNewsNet.