Life/Annuity News Headlines

The following news stories feature information regarding the Life/Health insurance market.


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Federal Appeals Court Rules Against State Farm in $34 Million Suit Over Life Policy Fees: A federal appeals court ruled against State Farm Life Insurance Co., finding the company wrongly used hidden non-mortality factors when it calculated the cost ...
Date: July 2, 2020    
Genworth CEO: COVID-19 Complicated China Oceanwide Merger Financing Arrangements: Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. “remain committed” to their merger as both companies work through financing arrangements ...
Date: July 2, 2020    
AM Best Affirms Credit Ratings of Horace Mann Educators Corporation and Its Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of Horace Mann Life ...
Date: July 2, 2020    
Japan Post Takes Disciplinary Action Against About 2,400 Insurance Workers: Japan Post Holdings said it took disciplinary action against more than 2,400 sales people in connection with improper insurance sales and underwriting ...
Date: July 2, 2020    
Florida Governor Signs Bill Limiting Use of Genetic Information: Florida Gov. Ron DeSantis has signed a bill prohibiting insurance companies from using an individual’s genetic information to cancel, limit or deny life ...
Date: July 1, 2020    
Nassau Completes Acquisition of Foresters Life Insurance Unit: Nassau Financial Group L.P. said it completed its acquisition of Foresters Life Insurance and Annuity Co. from Independent Order of Foresters. The closing of ...
Date: July 1, 2020    
Great-West Lifeco Arm to Purchase Personal Capital for Up to $1 Billion: A subsidiary of Great-West Lifeco Inc. has entered into an agreement to purchase hybrid wealth management company Personal Capital for up to $1 ...
Date: July 1, 2020    
AM Best Affirms Credit Ratings of Manulife Financial Corporation and Its Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of the life/health ...
Date: June 30, 2020    
AM Best Affirms Credit Ratings of Michigan Farm Bureau Group Members; Upgrades Ratings of Cincinnati Equitable Life Ins Co: AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Farm Bureau ...
Date: June 30, 2020    
Citing Financing Needs, Genworth and China Oceanwide Extend Merger Deadline to Sept. 30: Genworth Financial Inc. and China Oceanwide Holdings Group Co. Ltd. agreed to a 15th waiver of their merger agreement, extending the previous deadline of June ...
Date: June 30, 2020    
AM Best: Insurers Boost Private Equity Holdings Nearly 10% in 2019: Insurers have increased their private equity holdings to $81 billion in 2019 according to a new Best’s Special Report, said Jason Hopper, associate director, ...
Date: June 29, 2020    
Best’s Special Report: U.S. Insurers’ Private Equity Holdings Continue to Climb: U.S. insurance companies for a fourth-straight year increased their private equity holdings—by nearly 10% in 2019 to $81.3 billion—as this asset class remains ...
Date: June 29, 2020    
AM Best Affirms Credit Ratings of American Equity Investment Life Insurance Company and Its Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of American Equity ...
Date: June 26, 2020    
AM Best Places Credit Ratings of Standard Life and Casualty Insurance Company Under Review With Positive Implications: AM Best has placed under review with positive implications the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ...
Date: June 26, 2020    
Ameriprise Reports Reversal of Tax Benefit, Rescinds 2020 Net Operating Loss Notice: Ameriprise Financial Inc. announced its second-quarter adjusted operating earnings will include a reversal of the $144 million tax benefit it recorded in the ...
Date: June 25, 2020    
Best’s Special Report: U.S. Life/Annuity Insurers’ Commercial Mortgage Loan Holdings Increasing; Credit Quality Decreasing: U.S. life/annuity (L/A) insurance companies continued to increase their exposures to commercial mortgage loans in 2019 and now hold more than $522 billion, up ...
Date: June 25, 2020    
AM Best Assigns Credit Ratings to London Life International Reinsurance Corporation: AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa” to London Life International Reinsurance ...
Date: June 25, 2020    
AM Best Maintains Under Review With Negative Implications Status for Universal Life Insurance Co Following Arbitration Award: AM Best has maintained the under review with negative implications status for the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating ...
Date: June 25, 2020    
AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries: AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Aflac Life Insurance ...
Date: June 25, 2020    
AM Best Affirms Credit Ratings of The Empire Life Insurance Company: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of The Empire Life Insurance Company (Empire ...
Date: June 24, 2020    
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