The Insured Retirement Institute (IRI) report found that the cost of variable annuities has come down, with the average fee on a VA chassis dropping four basis points in the second quarter...
Guaranteed Living Benefit (GLB) riders were elected in variable annuities (VA) generating $20.3 billion of new deferred VA premium in the second quarter, an 18 percent increase over the first quarter, according to LIMRA’s second quarter study, which represents 95 percent of the variable annuity GLB industry...
| Business Wire
Voluntary critical illness sales were up in 2009 but cancer sales lagged. In the latest Eastbridge annual U.S. Worksite Sales Report, critical illness sales increased almost 88 percent between 2008 and 2009 as compared to cancer sales which went down almost 8 percent...
| BestWire Services
Health insurers and their employer customers may be battling more lawsuits and paying out costly, big-ticket claims they may have previously denied as a result of the U.S. health care reform law...
Pinnacol Assurance will credit current policyholders $15 million as part of an agreement with the Colorado Division of Insurance to settle filing issues. Pinnacol will also pay a civil penalty of $80,000 for violations where the company inappropriately used unfiled schedule rating factors to set premiums for some policyholders...
