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A survey revealed many insurers gave themselves failing or barely passing grades on their portal capabilities. But carriers have plans to turn that situation around.

The post Insurers Plan To Improve Portal Shortcomings In 2018 appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 17, 2017, 4:22 pm

_ Security National Financial Corp. on Tuesday reported third-quarter profit of $1.1 million. The Salt Lake City- based company said it had net income of 7 cents per share. Security National Financial shares have decreased 18 percent since the beginning of the year.

The post Security National Financial Posts 3Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: November 16, 2017, 1:15 pm

_ Fidelity& Guaranty Life on Wednesday reported fiscal fourth-quarter net income of $61 million. The Des Moines, Iowa- based company said it had profit of $1.06 per share. For the year, the company reported profit of $223 million, or $3.83 per share.

The post Fidelity & Guaranty Posts 4Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: November 15, 2017, 9:45 pm

There was good news and not-so-good news for insurers in the third quarter. Our Cyril Tuohy breaks it down.

The post Insurers Beat Expectations In Q3, But Can It Last? appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 14, 2017, 10:10 pm

Braintree, MA. (November 10, 2017) —U.S. individually underwritten life insurance activity improved slightly in October with the MIB Life Index...

The post Life Insurance Activity Continues To Improve In October appeared first on InsuranceNewsNet.

Author: user
Posted: November 10, 2017, 8:59 pm

_ Sun Life Financial Inc. on Wednesday reported third-quarter earnings of $670.7 million. On a per-share basis, the Toronto- based company said it had net income of $1.05. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The post Sun Life Beats 3Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: November 9, 2017, 1:02 pm

Here is how you can address employees' four main objections to buying group life insurance.

The post Use Open Enrollment To Close The Life Insurance Gap appeared first on InsuranceNewsNet.

Author: user
Posted: November 7, 2017, 1:00 pm

PHOENIX- For the past 30 months, Beverly Thomas has been trying to convince officials for the Prudential Insurance Company that she had nothing to do with the death of her husband. But the company, afraid that they may pay out $90,000 of his death benefit to someone who was not eligible to receive it, has turned the matter over to the federal courts in Phoenix to...

The post Prudential Questions Woman’s Claim On Husband’s Death appeared first on InsuranceNewsNet.

Author: user
Posted: November 7, 2017, 12:54 pm

_ Genworth Financial Inc. on Thursday reported third-quarter net income of $107 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Richmond, Virginia- based company said it had profit of 21 cents. Access a Zacks stock report on GNW at https://www.zacks.com/ap/GNW.

The post Genworth Posts 3Q Profit appeared first on InsuranceNewsNet.

Author: user
Posted: November 2, 2017, 9:50 pm

_ American International Group Inc. on Thursday reported a third-quarter loss of $1.74 billion, after reporting a profit in the same period a year earlier. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share. American International Group shares have decreased 0.5 percent since the beginning of the...

The post AIG Posts 3Q Loss appeared first on InsuranceNewsNet.

Author: user
Posted: November 2, 2017, 8:32 pm

_ Allstate Corp. on Wednesday reported third-quarter earnings of $666 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Three analysts surveyed by Zacks expected $8.45 billion.

The post Allstate Tops Street 3Q Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 10:24 pm

Penn Mutual, a Fortune 1,000 Company and leader in indexed universal life product innovation, introduced its latest IUL product, Survivorship Plus Select SM Indexed Universal Life. This new, second-to-die survivorship life insurance product, designed to cover two lives more cost effectively than two comparable individual policies, was built to support...

The post Penn Mutual Life Launches Survivorship Plus Select IUL appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 1:30 pm

The industry’s largest life insurers are expected to report third-quarter earnings today. Morgan Stanley analyst Nigel Dally offers a rundown on what to expect from an insurance product perspective.

The post Earnings Update Favorable for Life Insurers appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: November 1, 2017, 1:01 pm

Jackson National Life Insurance Company announced the formation of its Private Wealth & Trust group, a specialized team focused on complex planning, investment management and tax mitigation strategies for high-net-worth and ultra high-net-worth families.

The post Jackson National Enters Private Wealth And Trust Market appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 10:00 am

NEWPORT NEWS, Va.- A Portsmouth woman who faked her own death in connection with an elaborate bank fraud scheme pleaded guilty today to conspiracy and fraud charges. According to court documents, Alexandra Hatcher, 49, conspired with her husband, Albert Hatcher Jr., to collect on life insurance policies the two had obtained to insure Hatcher's life.

The post Woman Faked Death As Part Of Cross-Country Luxury Vehicle Fraud Scheme appeared first on InsuranceNewsNet.

Author: user
Posted: November 1, 2017, 9:50 am

_ Voya Financial Inc. on Tuesday reported third-quarter net income of $148.6 million, after reporting a loss in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share. Twelve analysts surveyed by Zacks expected $322.9 million.

The post Voya Misses Street 3Q Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: October 31, 2017, 8:54 pm

In response to hurricanes this year, iinsurers extended due dates for policy premiums by up to two months for policyholders in declared disaster areas. The extensions kept policies in-force even if the companies aren’t collecting premium.

The post Insurers Caught in Hurricane Losses appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 31, 2017, 6:46 pm

Colonial Penn will continue to expand marketing initiatives beyond television, executives said recently. The costly ad medium isn't in line with where customers will be in the coming years, the company said.

The post ‘Critical’ to Market Beyond TV Audiences: Colonial Penn Exec appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 31, 2017, 12:35 pm

Erie Indemnity Co., which provides management services to Erie-based Erie Insurance, reported a third-quarter profit of $58.5 million Thursday, up from the $57.3 million the company earned in the third quarter of 2016.. Earnings for the first nine months of the year inched upward from $164.5 million to $164.9 million. Erie Insurance, which operates in 12...

The post Erie Insurance Earns $58.5M In 3Q appeared first on InsuranceNewsNet.

Author: user
Posted: October 27, 2017, 9:21 am

--Kansas City Life Insurance Company recorded net income of $6.6 million or $0.69 per share in the third quarter of 2017, a decrease of $0.5 million or $0.05 per share relative to the third quarter of 2016. Net income totaled $17.4 million or $1.80 per share in the first nine months of 2017, up from $16.7 million or $1.72 per share in the first nine months of 2016..

The post Kansas City Life Announces 3Q Results appeared first on InsuranceNewsNet.

Author: user
Posted: October 26, 2017, 3:31 pm

GOP tax reform plans will cause a reduction in Torchmark's risk-based capital ratio, one analyst said this week. RBCs are a key measure of a company’s capital strength and any change is usually followed by a change in an insurance company’s capital management plans.

The post Analyst: Tax Reform to Cut Torchmark RBC Ratio appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 26, 2017, 1:05 pm

Oct. 25-- Twenty-four residents of Murphy Village in North Augusta entered into guilty plea agreements Tuesday to the charge of criminal conspiracy. United States Attorney Beth Drake stated in a release Tuesday that 24 residents, all of North Augusta, pleaded guilty in federal court in Columbia to criminal conspiracy. They are: John U. Carroll, Ann Carroll,...

The post 24 Irish Travelers Plead Guilty In Insurance Fraud appeared first on InsuranceNewsNet.

Author: user
Posted: October 25, 2017, 11:48 pm

_ CNO Financial Group Inc. on Wednesday reported third-quarter net income of $100.8 million. On a per-share basis, the Carmel, Indiana- based company said it had net income of 59 cents. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The post CNO Beats 3Q Profit Forecasts appeared first on InsuranceNewsNet.

Author: user
Posted: October 25, 2017, 10:59 pm

CHICAGO, October 23, 2017 – Bankers Life and Casualty Company today announced a new accelerated death benefit rider available on...

The post Bankers Life Launches Accelerated Benefit Rider appeared first on InsuranceNewsNet.

Author: user
Posted: October 24, 2017, 4:08 pm

--The Board of Directors of Kansas City Life Insurance Company declared a quarterly dividend of $0.27 per share on October 23, 2017. Kansas City Life Insurance Company was established in 1895 and is based in Kansas City, Missouri. SOURCE Kansas City Life Insurance Company.

The post Kansas City Life Declares Quarterly Dividend appeared first on InsuranceNewsNet.

Author: user
Posted: October 23, 2017, 10:46 pm

BOSTON  – A new survey commissioned by John Hancock found that almost half (47 percent) of people living with diabetes...

The post Diabetics Fear They Can’t Get Life Insurance appeared first on InsuranceNewsNet.

Author: user
Posted: October 23, 2017, 6:10 pm

Social media profiles have become an ingrained part of most of our lives. At one time they were a novelty that seemed to mostly serve the purposes of remembering Aunt Bettys birthday or sharing the latest video of cat hijinks; now they provide a valuable professional function. As of April 2017, LinkedIn had 500 million users with active profiles, and 12 million of...

The post Could Social Media Friend Link Lead To Legal Trouble For Agent? appeared first on InsuranceNewsNet.

Author: user
Posted: October 20, 2017, 6:50 am

Better economic conditions, favorable pricing and higher customer engagement helped raise consumer satisfaction with life insurance companies to a record high, JD Power found in its latest life insurance survey.

The post Life Insurance Owners Getting Satisfied: Survey appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 19, 2017, 1:10 pm

Although annualized premiums for all major life insurance products showed gains in the second quarter, indexed universal life was the primary driver behind those gains.

The post IUL Premium Growth Nearly 3X Industry Average In 2Q appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 17, 2017, 10:00 am

Symetra Financial, a financial services company, issued the following news release:. Symetra Life Insurance Company, a growing provider in the individual life insurance space, has expanded its universal life portfolio with the introduction of Symetra Accumulator IUL. A flexible premium adjustable life insurance policy with index-linked interest options,...

The post Symetra Launches New IUL Product appeared first on InsuranceNewsNet.

Author: user
Posted: October 11, 2017, 11:45 am

Accelerated underwriting is beginning to make inroads as insurers vastly improve at processing more data to price policies in a way that reflects the risk appropriately.

The post Barriers to Accelerated Underwriting Beginning to Crumble appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 10, 2017, 1:54 pm

The American Council of Life Insurers issued the following news release:. The American Council of Life Insurers, whose member companies provide financial and retirement security to 75 million American families, elected its chairman, officers and board of directors at the ACLI 2017 Annual Conference. Mr. Mullin succeeds Peter Schaefer, president and CEO of...

The post ACLI Elects 2018 Chairman and Board of Directors appeared first on InsuranceNewsNet.

Author: user
Posted: October 10, 2017, 10:57 am

Cincinnati – Ohio National Financial Services is pleased to introduce a new indexed universal life (IUL) insurance product that offers...

The post Ohio National Introduces New IUL appeared first on InsuranceNewsNet.

Author: user
Posted: October 9, 2017, 4:43 pm

(Fairfax, Va.)— The National Association of Independent Life Brokerage Agencies (NAILBA) is pleased to announce that after a nationwide search,...

The post NAILBA Names New CEO appeared first on InsuranceNewsNet.

Author: user
Posted: October 9, 2017, 3:56 pm

AXA Financial has extended the premium payment grace period for its customers affected by recent hurricanes.

The post AXA Financial Extends Grace Periods On Policies appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: October 9, 2017, 2:16 pm

Braintree, MA. (October 5, 2017) — U.S. individually underwritten life insurance activity continued to improve in September with the MIB...

The post Life Insurance Activity Shows Continued Recovery In September appeared first on InsuranceNewsNet.

Author: user
Posted: October 6, 2017, 6:23 pm

BOSTON – John Hancock Life Insurance and the American Diabetes Association® (ADA) have teamed up to raise awareness about the...

The post John Hancock Teams Up With American Diabetes Association appeared first on InsuranceNewsNet.

Author: user
Posted: October 3, 2017, 7:10 pm

Recognizing the stress and financial burden that student debt can create, New York Life has launched a student loan repayment program offering up to $10,200 over five years for eligible employees*, as well as student loan advice and online planning tools. New York Life is making these benefits available to eligible employees on day one of their employment, with...

The post New York Life Announces Student Loan Benefit appeared first on InsuranceNewsNet.

Author: user
Posted: October 3, 2017, 12:15 pm

International Paper will settle approximately $1.3 billion of its pension obligations by purchasing a group annuity contract from The Prudential Insurance Company of America, a leader in retirement benefits. Peggy McDonald, the senior vice president who led negotiations for Prudential, said,“ We are proud that International Paper has chosen Prudential to...

The post International Paper Transfers $1.3B In Pension Obligations To Prudential appeared first on InsuranceNewsNet.

Author: user
Posted: October 2, 2017, 11:30 am

How to keep your client from receiving an unwelcome "gift" on their 100th birthday.

The post The Surprise ‘Expiration Date’ On Life Insurance Policies appeared first on InsuranceNewsNet.

Author: user
Posted: October 1, 2017, 3:08 pm

A study published by LIMRA, a trade organization for the insurance industry, found 108 million Americans have life insurance coverage through their workplace, compared with 102 million covered by individual life insurance. This is the first time the number of people covered by workplace insurance has surpassed those covered by individual insurance since...

The post For More Americans, Life Insurance Comes With The Job appeared first on InsuranceNewsNet.

Author: user
Posted: September 29, 2017, 8:01 am

John Hancock's IUL policyholders can also earn significant savings and rewards for living healthy through the John Hancock Vitality Program, available with the IUL product series. John Hancock's broad IUL portfolio is designed to meet a wide array of financial planning needs. "As one of the fastest growing and highly competitive segments in the market, IUL...

The post John Hancock Introduces New IUL Product Series appeared first on InsuranceNewsNet.

Author: user
Posted: September 26, 2017, 2:00 pm

U.S. Individual life insurance new annualized premium increased 4 percent for the first half of 2017, compared with the first six months of 2016. In the second quarter, new annualized premium increased 3 percent, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey.

The post New Individual Life Insurance Premium Up In First Half Of 2017 appeared first on InsuranceNewsNet.

Author: user
Posted: September 25, 2017, 8:43 pm

ZURICH--(BUSINESS WIRE)-- The Geneva Association, the leading international think tank of the insurance industry, has released the research paper Genetics...

The post Life Insurers Should Prepare For Implications Of Genetics appeared first on InsuranceNewsNet.

Author: user
Posted: September 25, 2017, 8:29 pm

Ken Fisher is again campaigning against annuities. But does he really hate the product, as his famous ads claim? Our Kim O'Brien updates a 2015 column outlining her suspicions.

The post Five Reasons Why Ken Fisher LOVES Annuities! appeared first on InsuranceNewsNet.

Author: Kim O'Brien
Posted: September 25, 2017, 6:39 pm

NEW YORK-- A new national survey of small business owners released today finds that small businesses are at risk of...

The post Survey Examines The Small Business Insurance Gap appeared first on InsuranceNewsNet.

Author: user
Posted: September 22, 2017, 7:46 pm

Racer Danica Patrick first obtained life insurance in her early 20s. Your "financial fitness" is an important part of your overall health, she said, and life insurance is key. Patrick is back as the celebrity spokesperson for Life Insurance Awareness Month.

The post Life Insurance Is Key To ‘Financial Fitness,’ Danica Patrick Says appeared first on InsuranceNewsNet.

Author: John Hilton
Posted: September 20, 2017, 1:59 pm

Kuvare US Holdings plans to acquire United Life Insurance Co., the UFG subsidiary, in a deal valued at $280 million. Based in downtown Cedar Rapids, UFG sells property-and-casualty insurance, life insurance and annuities. United Life has 46 employees, most of whom work in Cedar Rapids, UFG spokeswoman Colleen Scholer said.

The post United Fire Group Selling Its Life Insurance Division appeared first on InsuranceNewsNet.

Author: user
Posted: September 20, 2017, 1:31 pm

September 15, 2017 – The Life Insurance Council of New York (LICONY) today praised Governor Cuomo for signing three important...

The post New York Governor Signs Life Insurance Legislation Into Law appeared first on InsuranceNewsNet.

Author: user
Posted: September 15, 2017, 3:14 pm

More Americans than ever obtain life insurance coverage through a group contract, but fewer employers than ever are offering the benefit. That opens up opportunity for agents and brokers to fill the void.

The post Employers Pull Back on Popular Life Insurance Benefits, Surveys Find appeared first on InsuranceNewsNet.

Author: Cyril Tuohy
Posted: September 15, 2017, 2:30 pm