The U.S. Supreme Court declined to intervene Monday in a lawsuit brought by Country Mutual Insurance Co. policyholders alleging the insurer is hoarding profits.
The U.S. Supreme Court declined to intervene Monday in a lawsuit brought by Country Mutual Insurance Co. policyholders alleging the insurer is hoarding profits.
There's now nearly $11 trillion in these retirement plans— boosted by years of continuous investing in a bull market and by employer matching contributions. That's why the Department of Labor, which regulates retirement savings, has issued a new fiduciary rule— one not only covering advice given within the plan to participants but also taking direct aim at the…
—The Bank of England has kept its main U.K. interest rate at a 16- year high of 5.25% with several policymakers still worrying about some key inflation measures. Like the U.S. Federal Reserve last week, which also kept rates, on hold, the majority on the panel wanted to see more evidence that inflation is under control. The Bank of England, like the U.S. Fed and other…
Department of Labor officials ushered in what is sure to be a fierce, and lengthy, legal battle today with a preview of its long-awaited, and industry despised, Retirement Security Rule.
There is concern in the life insurance industry that a forthcoming Department of Labor report could target group annuity contracts by pension plans in pension risk transfer transactions.
State insurance regulators plan to issue guidance on its best-interest annuity sales model after reviews turned up “deficiencies” in producer monitoring.
According to the New York Times, if you own a car made by General Motors or some other companies, Big Brother could be watching how fast you drive and how hard you brake. "Automakers Are Sharing Consumers' Driving Behavior With Insurance Companies," published Monday, March 11, begins with the story of Ken Dahl of Seattle, who has never been responsible for an accident.
State insurance regulators are seeking comments on a proposal to further regulate insurers involved in often multi-billion-dollar reinsurance deals with offshore companies.