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California teachers settle class-action lawsuit over in-plan annuity fees

6 hours ago
Image shows the California state flag and the word "Fees"
Plaintiff Danielle Krimbow and the Life Insurance Company of the Southwest announced a tentative settlement in their lawsuit over annuity fees. Read more
More Top Stories
TOP NEWS
  • ‘Uniquely positioned’: Equitable outlines future post-Corebridge merger

  • Industry groups urge caution in the wake of CMS action against ACA agents

  • Americans aren’t turning retirement plans into action, LIMRA finds

  • Home insurance is in crisis: Could a federal solution be the answer?

INSURANCENEWSNET MAGAZINE

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In this issue...

  • The Medicare agent squeeze
  • How to have a black belt practice — With John Terry
  • Georgia insurance agent wows on ‘American Idol’ — with Philmon Lee
  • ACA subsidy turbulence is reshaping employee benefits
  • Regulators tackle controversial annuity illustrations
  • Every role in your agency touches revenue
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SPECIAL FEATURE

Change the lens you use to evaluate premium-financed IUL

The right question, with the right context, changes everything. Read More

MORE FEATURES

From The Field

Financial planning could solve the looming Medicaid disaster

If policymakers want to ease the mounting pressure on entitlement programs, they should begin by helping more Americans incorporate long-term care into their broader financial planning.

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    The insurance distributor that builds its own software will win the next decade

    When everyone claims the same edge, no one has an edge.

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      Supporting small businesses starts with smarter benefits conversations

      Most employers want to invest in their people, but intention alone doesn’t solve for execution.

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      More From The Field

ADVISOR NEWS

Ashley Hinson ‘death tax’ story collides with truth

Maybe you’ ve seen Republican Senate nominee Ashley Hinson’ s TV ad. “Ashley Hinson is working to eliminate the death tax, so I don’ t have to sell our home in Aspen or our French vineyard. Considering an estate inherited by a couple has to be worth more than $30 million, or $15 million for an individual, to trigger any inheritance tax, the spawn of a top hedge fund manager is…

  • How advisors can prepare clients for an uncertain retirement landscape
  • Investors aren’t waiting out uncertainty
  • Transamerica and Advo(k)ate Advisors launch pooled employer plan
  • ‘I wish I’d met him sooner:’ Karlan Tucker remembered for integrity, faith
  • Why women must be more engaged in investing
More ADVISOR NEWS

NEWSWIRES

Stamford-based Webster Bank deal with Santander gets green light from Federal Reserve

Aug. 5— Banco Santander announced Tuesday that its $12.2 billion acquisition of Stamford- based Webster Bank had been approved by the Federal Reserve, putting it on the verge of completing the deal. The authorization of the transaction by the Federal Reserve System's Board of Governors follows approvals by the Connecticut Department of Banking and federal…

  • Reports on Politics and Government Findings from University of Ottawa Provide New Insights (The Home State As the True Complainant: Political Risk Insurance Claims and Investor-state Arbitration): Politics and Government
  • An Application for the Trademark “RISK MANAGEMENT: MAKING THE WORLD SAFER, MORE SECURE, AND MORE SUSTAINABLE.” Has Been Filed by Risk and Insurance Management Society, Inc.: Risk and Insurance Management Society Inc.
  • Findings from University of Maryland School of Nursing in the Area of Managed Care Described (The Value of Completing Annual Wellness Visits Over Time Among Older Adults Living in Low-Income Senior Housing): Managed Care
  • Findings from Children’s Hospital at Dartmouth-Hitchcock in the Area of Managed Care Described (Timing of Medicaid Enrollment during Pregnancy and Associated Infant Outcomes): Managed Care
  • New Risk Management Study Results from Ball State University Described (Hyperparameters over Architecture: A Controlled Comparison of Neural Networks for Aggregate Loss Reserving): Insurance – Risk Management
More NEWSWIRES

INN Insider

Canandaigua National Bank & Trust Co. Takes Position in Vanguard Growth ETF $VUG

  • Crypto PAC Injects $1 Million into Michigan Political Campaigns
  • Dow Jones News Today: Stocks Up 100 Points as Senate Expected to Act on Obamacare
  • World Stock Markets Mixed, Quiet; FOMC Meeting In Spotlight
  • Dow Jones News Today: July’s FOMC Meeting Concludes with Interest Rate Update
More INN Insider

Annuity News

Image shows the Jackson logo on a phone

Jackson Financial CEO caps 40-year career with blockbuster Q2

Jackson's Q2 retail annuity sales of $5.9 billion were up 34% from the second quarter of 2025. Read More

  • NAIC regulators begin consensus phase on annuity illustration overhaul
  • Market-value adjusted annuities: Key considerations for advisors
  • Private equity’s next play in insurance
More Annuity News

Life Insurance News

Image shows the Penn Mutual logo

Judge again tosses Penn Mutual whole life lawsuit alleging tax scam

Judge Sherilyn Peace Garnett gave the 29 plaintiffs one final opportunity to revive several fraud-related claims through an ame... Read More

  • Declined by a machine? The end of the unexplainable no
  • Court sides with Ameritas in denying $4M STOLI payout to Wells Fargo
  • LIMRA predicts strong life and annuity sales for the rest of 2026
More Life Insurance News

Health/Employee Benefits News

Research from University of Southern California Reveals New Findings on Dementia (Heterogeneous responses to risk-adjustment reform: evidence from dementia diagnosis in Medicare Advantage): Neurodegenerative Diseases and Conditions – Dementia

2026 AUG 06-- By a News Reporter-Staff News Editor at Insurance Daily News-- New research on Neurodegenerative Diseases and Con... Read More

New Managed Care Study Results from University of Rochester Medical Center Described (Mapping diabetic eye exam non-adherence across urban-rural communities: A GIS-based regional analysis of socioeconomic disadvantage in the Rochester, NY …): Managed Care

2026 AUG 06-- By a News Reporter-Staff News Editor at Insurance Daily News-- Current study results on Managed Care have been pu... Read More

AHF Optimistic About New Senate Bill to Protect 340B Program from Greedy PhRMA and Health Insurers

AIDS Healthcare Foundation welcomed the release of draft legislation by a bipartisan group of six U.S. “This draft legislation ... Read More

  • Why Gen Z turns everything – even murder – into a joke
More Health/Employee Benefits News

Property and Casualty News

AIG Delivers Strong Second Quarter Results and Exceptional First Half of the Year

American International Group, Inc. today reported financial results for the second quarter ended June 30, 2026. “Adjusted after... Read More

AM Best Comments on Credit Ratings of American Family Insurance Group’s Affiliates and Its Subsidiaries Following Announced Acquisition of Bowhead Specialty Holdings Inc.

AM Best has commented that the Credit Ratings of American Family Insurance Group’ s affiliates and its subsidiaries remain unch... Read More

FLORIDA SURPLUS LINES SERVICE OFFICE MAKES MAJOR PHILANTHROPIC INVESTMENT IN FSU RISK MANAGEMENT AND INSURANCE PROGRAM

FSLSO CEO Mark Shealy, center, stands with, from left, Conor O'Leary, chair of the FSLSO Board of Governors; Michael Hartl... Read More

  • Bail bonds scheme defrauds Pinellas County family, leaves loved one in custody
More Property and Casualty News

Insurtech News

Agentic AI is transforming insurance sales both for consumers and agents

The use of agentic AI in the insurance industry has positively impacted sales by empowering consumers and helping less experien... Read More

  • What’s at stake if insurers rush into AI too early?
  • Stride Joins Integrity to Transform Nation’s Individual Marketplace of Expanding Healthcare Benefits
  • ‘AI communication gap’ leaves negative impression on customers
More Insurtech News

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Press Releases

  • Royal Neighbors Unveils Its 2026 Scholarship Recipients 2026 Royal Neighbors Scholars Making a Difference Across the Country
  • Ibexis Announces Expanded Bank Relationships and New Index Options for FIA Plus® and WealthDefender® Series
  • Agent Review Launches Video AI Identity Verification to Help Protect Insurance Professionals, Consumers and Public Trust
  • Prosperity Life GroupSM Launches Prosperity PathWaySM Series, Bringing Greater Choice and Flexibility to Retirement Income Planning
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
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