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Archive for July 2014

Allianz Life of New York Launches New Index Variable Annuity

{July 31st, 2014} by Business Wire

MINNEAPOLIS–(Business Wire)–Allianz Life Insurance Company of New York (Allianz Life® of NY) announced the launch of the Allianz Index AdvantageNew York® Variable Annuity, a new Index Variable Annuity (IVA) that offers the combination of traditional variable options with an index strategy. Allianz Index Advantage New York takes its place among the emerging breed of IVAs […]

It’s no longer safe to say ‘safe’ in Colorado: BLOG

{July 31st, 2014} by Linda Koco

How safe is safe? In Colorado, it appears that the term ”safe” is no longer safe for life insurance and annuity advertisers to use. A regulatory amendment that took effect on July 1 adds the term “safe” to the list of terms that life and annuity advertisements may not use. Other additions to the list […]

Mid-market life insurance buyers seek trust online, price when face-to-face

{July 31st, 2014} by IFAwebnews Staff

Back in the 1700′s, English theologian Isaac Watts said, “Learning to trust is one of life’s most difficult tasks.” Watts did not take part in LIMRA’s study of the middle market but his sentiment is strongly represented. In the study nearly 70% of consumers said it was hard to know which online sources of financial […]

The Insurance Industry Is Risky. Federal Regulation May Be the Answer

{July 31st, 2014} by Peter Coy

(Article has been corrected to say that the Financial Stability Oversight Council, not the Treasury Department, designates financial institutions as systemically important.) Insurance in the U.S. is a big deal that’s regulated like a small deal. Insurance premiums paid each year equal about 7 percent of the U.S. gross domestic product, and companies such as […]

Colo. Bans ‘Safe’ In Life And Annuity Advertising

{July 31st, 2014} by Linda Koco

The Colorado Insurance Division has expanded the list of terms that it said should not be used in life insurance and annuity advertisements, due to the potential for misleading consumers. These terms are “certificate of deposit” or CD, “safe” and “secure”. The change went into effect on July 1 as part of amended Colorado Regulation […]

Top 10 high risk professions [Infographic]

{July 31st, 2014} by Lynette Gil

Some of us have watched a lot of the episodes of the Discovery Channel’s show Deadliest Catch, a reality TV show about fishing ships in Alaska during the crab fishing seasons. Watching the documentary-style TV show, you realize that the fishing crew is in constant danger while trying to perform its job (as if the […]

Why Uncapped Does Not Mean Unlimited

{July 31st, 2014} by IALC

The insurance industry is constantly innovating to meet the individual financial goals of consumers or the public–and the latest addition to the fixed index annuity market is the “uncapped” Volatility Control Index Strategy. This crediting method is now offered on many fixed index annuities today and enables the consumer to take advantage of well-performing market […]

Safe Money Resource Co-Founder Offers Tips for Investors to Avoid Pitfalls of Annuity Scams

{July 31st, 2014} by PRWeb

Safe Money Resource Co-Founder and President Brent Meyer educates investors about the perils of choosing the wrong annuities for retirement income security. I didnt know that! Cherry Hill, NJ (PRWEB) July 31, 2014 For retirement income planning, people have many options at their disposal for annuity products. But annuities can differ heavily in terms of […]

LPL Financial hit with $2M fine, ordered to pay $820K in restitution

{July 31st, 2014} by Bruce Kelly

Settlement charges, higher expenses dampen 2Q financials LPL Financial last month was hit with a $2 million fine, and ordered to pay $820,000 in restitution, for failing to maintain adequate books and records documenting variable annuity exchanges, known as 1035 exchanges, according to the firm’s profile on BrokerCheck. The previously unreported settlement with the Illinois […]

Faring just fine in retirement

{July 31st, 2014} by Nick Thornton

Here’s what could be considered a bit of contrarian news: a lot of recent retirees are faring just fine as they sail through their golden years, thanks to their ability to draw on Social Security. That’s according to a survey by T. Rowe Price that looked at how retirees are doing one to five years […]

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Arizona Becomes Latest State to Join Interstate Insurance Compact

{July 31st, 2014} by Thomas Harman

Best’s News Service – July 29, 2014 04:34 PM PHOENIX – Arizona has become the 44th state to join the interstate insurance compact model, after legislation signed by Gov. Jan Brewer took effect July 24. The Interstate Insurance Product Regulation Commission provides a place in which insurance companies can offer uniform nationwide insurance products in […]

Broker-dealer sales practices to seniors focus of Massachusetts sweep

{July 30th, 2014} by Alessandra Malito

Survey intended to inform regulators, prevent financial abuse of elders Senior investors are the focus of a new broker-dealer survey in Massachusetts aimed at learning more about sales practices to the elderly, according to a news release Wednesday from Secretary of the Commonwealth William F. Galvin. The survey, issued by the Massachusetts Securities Division, will […]

Generation X: Ready or Not, Here They Come

{July 30th, 2014} by AnnuityOutlook

  These middle-aged prospects are ready for guidance and products that offer more safety. Are you ready for them? Baby Boomers have been big business for insurance professionals. But the spotlight is moving its way across the stage to shine on Generation X. They are ready for guidance, specifically on products that offer more safety. […]

Nonspousal Inherited IRA Assets Protected In 7 States

{July 30th, 2014} by Cyril Tuohy

Bankrupt investors lucky enough to benefit from nonspousal inherited individual retirement accounts (IRAs) are better off living in some states. Alaska, Arizona, Florida, Missouri, North Carolina, Ohio and Texas are the only states where nonspousal inherited IRAs are safe from trustees seeking assets in the settlement of bankruptcy cases, said Seymour Goldberg, senior partner and […]

The New Age Of Annuity Sales: Connecting With A Younger Demographic

{July 29th, 2014} by Rick Lane

The annuity purchaser demographic is changing. What was previously thought of as an investment strategy for retirees is now making a foothold with a younger group of investors — a group that understands the need for a sound retirement investment strategy. Savvy younger investors want progressive brokers who can help them build a creative and […]

3 reasons life insurance should be viewed as an asset

{July 29th, 2014} by Jordan Smith

One of the more challenging aspects of advising clients about life insurance is helping them to recognize that life insurance is an “asset,” rather than an “expense.” For many people, this view is a bit of a foreign concept in a world where other types of insurance (auto, homeowners, health and liability, just to name […]

Indexed Universal Life And Chronic Illness Riders Popular With Life Insurers

{July 29th, 2014} by Cyril Tuohy

Index universal life (IUL) sales made up 31 percent of all universal life (UL) sales in the first nine months of 2013, compared to only 14 percent of UL sales for all of 2010, according to a new study published by the actuarial firm Milliman. The increase in IUL sales is a sign that over […]

Older Workers Not Retiring Like They Used To

{July 29th, 2014} by Michael De Groote: Proquest LLC

After the recession,Kate Holmes started noticing something unexpected. During her years as a certified financial planner inLas Vegas, Holmes had seen her peers – recent college grads – enter the industry. But now, that wasn’t happening. The reason was simple. Boomers had stopped retiring. It’s a phenomenon across the workforce. According to new research, baby […]

10 best jobs for 2014

{July 29th, 2014} by Laura Mazzuca Toops

With one exception, the popular perception that insurance jobs are not so hot just might be true — at least if the annual job ranking of 200 professions by the 2014 Jobs Rated report is any indication. Only three insurance-related jobs appear on the list, and only one of these appears within the top 10. […]

Class Action Firms Don’t Exactly Feast On Insurance

{July 29th, 2014} by Linda Koco

Sometimes the insurance industry takes a back seat to banking and finance in industry comparisons. Not this time. According to figures from NERA Economic Consulting, consumer class action settlements involving allegations against firms in the banking/finance sector far outpaced such settlements in the insurance sector between 2010 and 2013. This is not to say the […]

Genworth Financial Announces 2Q Results

{July 29th, 2014} by PR Newswire Association LLC

RICHMOND, Va., July 29, 2014 /PRNewswire/ — Genworth Financial, Inc. (NYSE: GNW) today reported results for the second quarter of 2014. The company reported net income1 of  $176 million, or $0.35 per diluted share, compared with net income of $141 million, or $0.28 per diluted share, in the second quarter of 2013. Net operating income2 […]

MassMutual to Launch $100 Million Venture Capital Firm

{July 28th, 2014} by Jeff Jeffrey

SPRINGFIELD, Mass. – Massachusetts Mutual Life Insurance Co. is set to launch a $100 million corporate venture capital firm, the company said. The new firm, MassMutual Ventures L.L.C., will be designed to “back startups and entrepreneurial businesses whose technologies have the potential to transform MassMutual’s core insurance, retirement and asset management businesses,” Massachusetts Mutual Life […]

Top five things to watch for in the life insurance product space

{July 28th, 2014} by Doug French, Jennifer Marquino

Against a backdrop of stagnant industry growth and technological innovation, the US life insurance industry has begun to experience a shift in the balance of power, away from distributors and manufacturers and towards the end consumer. Technological advances embraced by other financial service industries have created a consumer base that is armed with more information […]

Online advisory space shows notable growth

{July 28th, 2014} by Emily Holbrook

A not-so-new trend further illustrates growing consumer demand for low-cost, tech-oriented financial services, especially when it comes to younger investors. As the article states, “Gen X and Gen Y investors — some of whom aren’t so young anymore, and are starting to aggregate significant wealth — have grown up on Web-based solutions. They were also […]

Some FIA Agents Face Dark Pool Backlash

{July 28th, 2014} by Linda Koco

When financial planner Michelle Ford answered the phone one day, she heard the voice of a worried older gentleman. “Is there anything I should be worried about?” he asked Ford nervously about allocations in his fixed index annuity (FIA). The man had learned that New York Attorney General Eric Schneiderman had filed a lawsuit against […]

Barclays Decides To Fight N.Y. Dark Pool Lawsuit

{July 28th, 2014} by Linda Koco

Barclays Capital Inc. and Barclays PLC is seeking dismissal of a lawsuit by the New York attorney general, alleging that the British bank had deceived customers in its “dark pool,” which is essentially a private securities exchange. Barclays filed a motion for dismissal yesterday with the New York State Supreme Court a month after New […]

Advisor Offers Advice To The ‘Sandwich’ Generation

{July 28th, 2014} by Cyril Tuohy

Whether we like it or not, millions of Americans in their 40s and 50s will at some point have to deal with three generations living in their household: their own, their children and their parents. It’s not a responsibility the “sandwich generation” will be able to sweep under the rug, put off into the future […]

Men Pay 38% More For Life Insurance Than Women

{July 28th, 2014} by PR Newswire Association LLC

SAN FRANCISCO, July 24, 2014 /PRNewswire/ –Men pay an average of 38% more than women for the exact same life insurance policy, according to a new insuranceQuotes.com report. The gap grows with age: for example, 25-year-old men pay 25% more than 25-year-old women for the same policy. At age 45, men pay 32% more than […]

Kansas City Life Exits The B/D Business

{July 28th, 2014} by Diana Britton

Kansas City Life Insurance Company announced the sale of its independent broker/dealerSunset Financial Services to Securities America. Sunset has 268 reps, about$18 million in gross annual revenue, and$2.4 billion in client assets. The terms of the deal were not disclosed. ButKansas City Life Insurance said the sale will boost the company’s assets, net of taxes […]

Securities America buys BD assets from Kansas City Life

{July 28th, 2014} by Emily Zulz

Securities America announced Monday a definitive agreement to acquire certain assets of Sunset Financial Services Inc., a full-service broker-dealer, from Kansas City Life Insurance Co. (KCLI). The deal is expected to add 268 registered representatives in 48 states plus the District of Columbia, approximately $18 million in annual gross revenue and $2.4 billion in client […]

Allstate Expands Recruiting Campaign

{July 28th, 2014} by Proquest LLC

Allstate Insurance Company plans to add additional local agency owners inWashington,Oregon,Idaho,Alaska andHawaii in 2014, expanding its recruiting campaign to find 51 new exclusive agents and 13 financial specialists and anticipates agents will be looking to find 102 sales producers. “Allstate is committed to growing in the Northwest,” saidBrian Smith,Allstate’s Northwest Region Strategic Deployment Leader. “We […]

BMO Report: Living to 100? This Is What You Need To Know

{July 28th, 2014} by GlobeNewsWire: Bank of Montreal

By 2050, there will be more than one million centenarians living in the country Losing one’s mental abilities is the top concern of Americans when thinking about living to 100 Eighty-four percent feel that health/medical costs will have the biggest financial impact on their retirement years Americans expect to spend an average of $5,822 a […]

Life And Annuity Disclosure Bill Signed Into Law

{July 28th, 2014} by Cyril Tuohy

California Gov. Jerry Brown has signed into law a bill requiring new disclosure language for immediate annuities commonly sold to seniors, language that is already required in the sale of deferred annuities, state officials said. The law takes effect July 1, 2015. Backers of the law said clearer disclosure language was necessary in the wake […]

When Time Runs Out

{July 28th, 2014} by Liz Skinner

Like the vast majority of people, Dan Candura always thought he had more time. More time to spend with his six grandchildren. More time to take his wife, Marie, to Paris. More time to explore his father’s roots in Sicily or, even, write a book. He also thought he had more time to draft a […]

Voya Financial Offers Insurance Customers Speed and Convenience

{July 28th, 2014} by PRNewswir

WINDSOR, Conn., July 28, 2014 /PRNewswire/ — Voya Financial, Inc. (NYSE: VOYA), formerly ING U.S., announced today that its Insurance Solutions business has launched a faster and more convenient process for use with its Indexed Universal Life-Protector (IUL-Protector*) product, which provides the death benefit protection of life insurance with the potential to build cash value […]

Conflicting Views On Annuities Spell Opportunity

{July 28th, 2014} by Linda Koco

Sometimes consumers seem to live in the Land of Oxymoron where annuities are concerned. That is, they give voice to seemingly contradictory views about annuity products. That can explain the gulfs in understanding that sometimes emerge when consumers speak with advisors. Consumers may have two minds about annuities at the same time, and that can […]

Symetra Reports Second Quarter 2014 Results

{July 28th, 2014} by BusinessWire

BELLEVUE, Wash.–(Business Wire)–Symetra Financial Corporation (NYSE: SYA) today reported second quarter 2014 adjusted operating income of $55.3 million, or $0.48 per diluted share, compared with $52.7 million, or $0.40 per diluted share, for the second quarter of 2013.   For the second quarter of 2014, net income was $71.5 million, or $0.62 per diluted share, […]

8 facts (for advisors) about annuities and consumers

{July 28th, 2014} by Daniel Williams

A recent survey by The Phoenix Companies revealed some great news for annuity advisors as well as disconnects for the safe product and consumers. According to the survey, “71 percent of Americans said they would consider buying an annuity to meet a variety of needs, including predictable monthly income, leaving an inheritance for their heirs, […]

GOOOOOOOOAAALL!! 10 things the World Cup revealed about insurance

{July 26th, 2014} by Bill Coffin

I don’t often write about sports because I’m not a particularly big sports fan. I run, but not nearly enough to share my thoughts on it. And I’m pretty active in mixed martial arts, but my thoughts on that tend more toward the inner aspects of my training rather than the physical. But I do […]

U.S. Poised To Label MetLife ‘Too Big To Fail’

{July 25th, 2014} by Bloomberg News

A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision by the Financial Stability Oversight Council may come as early as July 31, when the panel is tentatively […]

Seniors Win More Protection with New Annuity Disclosure Requirements

{July 25th, 2014} by Targeted News Service

SACRAMENTO, Calif.,July 23 — The California Department of Insurance issued the following news release: California Insurance Commissioner Dave Jones today thanked Governor Brown for signing into law AB 2347 (Gonzalez) which extends important consumer protection on annuity products that are commonly marketed to seniors. The Commissioner also thanked Assembly member Lorena Gonzalez for authoring AB […]

The 7 costly mistakes your clients make with their money, Pt. 7: Buying into the anti-annuity hype

{July 25th, 2014} by Tony Walker

With pension plans going the way of the cattle prod, a retirement plan that includes a predictable stream of income for the rest of our lives is a no-brainer. And there is only one financial tool that can accomplish this: the annuity. While annuities have been around for a long time, there is nevertheless a […]

Surrender fees haunt legacy 403(b) plans

{July 25th, 2014} by Darla Mercado

As employers move to lower-cost retirement options, some plans charge as much as 8% to switch It’s been five years since regulations from the IRS heaped greater responsibility on 403(b) plan sponsors, leading to heightened awareness of plan features and fees, but advisers say moving employers to lower-cost options remains difficult and expensive. Historically, the […]

Life insurers look to middle class for revival

{July 25th, 2014} by Emily Holbrook

Life insurers are trying to reach the elusive middle class through brick and mortar stores like Wal-Mart. MetLife is one insurer that has set up kiosks within stores, offering customers an easy way to purchase life insurance, sometimes at just $5 for the first month. But shoppers are hardly biting. “Insurers have been successful at […]

Missouri Makes Insurer Filing Records Available to Public Online

{July 25th, 2014} by N/A

The Missouri Department of Insurance announced the implementation of a new online tool that allows consumers to view insurance company filing records. Missouri becomes the fifth state to use SERFF Filing Access (SFA) to make such records accessible to the public, the department said. “We appreciate the leadership of the National Association of Insurance Commissioners […]

When it comes to annuity issues, often the blame lies with the salesperson, not the product

{July 24th, 2014} by Conte, Anthony M: Proquest LLC

Maybe it was a “60 Minutes” segment that ruined annuities for you. In it, ruthless, dishonest and reprehensible salespeople targeted particularly vulnerable individuals and sold them high-commission annuities with very long holding periods, yielding minimal, if any, benefit for the purchaser. Or maybe it was your next-door neighbor, Bonnie, who recounted her deceased husband’s ill-advised […]

Horace Mann Reports Second Quarter 2014 Operating EPS Of $0.43

{July 24th, 2014} by PR Newswire Association LLC

- Operating income per share up 10%, despite property and casualty catastrophe losses – Strong annuity sales, led by new fixed indexed annuity product – Book value per share excluding the fair value adjustment for investments of $24.51, up 8% compared to a year ago Horace Mann Educators Corporation July 23, 2014 4:15 PM SPRINGFIELD, […]

4 ways the insurance industry is innovating change

{July 24th, 2014} by Lynette Gil

A recent survey by SAP, a European multinational software corporation, to 200 insurance executives at the IASA Annual Conference held in June found the factors that are motivating insurance innovation strategies. Some of the respondents state that they are adjusting products to suit millennials’ needs, developing new products following new technological advances, focusing on the customer […]

3 ways insurance agents can manage social media risk

{July 24th, 2014} by Rick Gilman

Several years ago I attended an industry conference for a technology organization where I attended a number of workshops having to do with how to utilize and manage various technologies that were really beginning to impact our business. Smartphones, social media, and changing expectations of consumers and employees were among the topics addressed. One session […]

Canadian insurers feeling harsh effects of low rates

{July 24th, 2014} by Emily Holbrook

Canadians are feeling the low rate sting. Canadian insurers aren’t immune to the effects a low interest rate environment has on business. But the effects are more serious now that in the past. That’s according to a recent report by reinsurer Swiss Re. Click here to read…

MetLife Designation as Systemically Important Expected Soon

{July 23rd, 2014} by Ian Katz and Robert Schmidt

A U.S. council of regulators is poised to label MetLife Inc. a potential threat to the financial system, subjecting the insurer to oversight by the Federal Reserve, two people with knowledge of the matter said. A decision by the Financial Stability Oversight Council (FSOC) may come as early as July 31, when the panel is […]

Who Owns Your Online Afterlife?

{July 23rd, 2014} by Bethany Leggett, The Brunswick News, Ga: McClatchy-Tribune Information Services

July 23–In the age of laptops, tablets and smartphones, users can document almost every step of their lives. With a few clicks of a button, they can transfer funds between bank accounts, create a photo album from a family vacation or write to their loved ones living far away. But should your emails, web albums […]

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Join us in Vegas #AdvnetSummit August 13th-15th, 2014

{July 23rd, 2014} by Jamie Johnson

We are pleased to announce that Wink, Inc.’s CEO, Sheryl J. Moore, will be speaking at the Advisor Network Summit taking place August 13-15th at The Venetian in Las Vegas. The Advisor Network Summit (#AdvnetSummit)  is a peer-to-peer event for top Life-Health advisors to stay up to date with current industry trends, marketing strategies and selling techniques.   #AdvnetSummit will provide advisors […]

Equity Analysts: Life Insurers Must Address ‘Perceptions of a Rising Interest Rate Environment’

{July 22nd, 2014} by Fran Matso Lysiak

OLDWICK, N.J. – Policyholder behavior, as it is affected “by perceptions of a rising interest rate environment,” is a significant concern to equity analysts with Sandler O’Neill, a concern that life insurers must address, they wrote in a research note previewing second-quarter earnings for the industry. Interest rates declined during the second quarter, the equity […]

Four Greater Des Moines insurers make Top 50 list

{July 22nd, 2014} by Matthew Patane

Four life insurance companies based in the greater Des Moines area made a list of the 50 top performing insurers. American Equity Investment Life Insurance Co., American Republic Insurance Co., Farm Bureau Life Insurance Co. and Homesteaders Life Co. all ranked on the list. American Equity and American Republic are based in Des Moines. Farm […]

Are you in your own jail? BLOG

{July 22nd, 2014} by Steven A. Morelli

Alan Lewis’ description of jail would sound like hell for most people: “It’s DMV with guns and Tasers.” That’s where Lewis lived for four months while he faced three dozen felony charges for selling annuities with surrender charges. The list was later reduced to 29 felonies and one misdemeanor. He still faced the prospect of […]

Morningstar to pay $61 million in trade-secrets settlement

{July 22nd, 2014} by Joyce Hanson

The investment research firm will pay Business Logic for the software company’s intellectual property Morningstar Inc. will pay $61 million to settle a trade-secrets lawsuit filed by Business Logic Holding Corp., a 401(k) managed accounts software company, in order to secure a license for the intellectual property involved in the dispute. A trial that had […]

Can an adviser affiliated with an insurance company be fee only? Yes.

{July 22nd, 2014} by Mark Schoeff Jr.

State rules on insurance affiliation complicate fee-only status for some CFPs For nearly two years, the issue of compensation descriptions has roiled the investment-advice business. The topic becomes even trickier when insurance licenses are thrown into the mix. Whether investment advisers like it or not, the Certified Financial Planner Board of Standards Inc. rules on […]

Investors Need To Fear Fraudsters More

{July 22nd, 2014} by Karen DeMasters

Investors are not scared enough when it comes to security concerns, according to Steven Crosby, global private banking and wealth management leader for the Americas for PricewaterhouseCoopers. Rather than being too afraid of cyber thieves and fraudsters, investors are too lax and need to be reminded by their advisors about the dangers that lurk in […]

FBL Names Wasilewski Operating Chief at Life Business

{July 21st, 2014} by Kelly Gilblom

FBL Financial Group Inc. (FFG), the Iowa-based seller of fixed-indexed annuities, appointed Raymond Wasilewski as the third chief operating officer of the life business this year. Wasilewski was previously chief administrative officer, the West Des Moines-based company said in a statement today. He replaces John D. Currier, who stepped down for personal reasons, Kathleen Till […]

Worth a look: hybrid annuity/LTC products

{July 21st, 2014} by Susan Wright

As traditional stand-alone long-term care insurance policies have become more costly, financial advisors are likely to be hearing more objections related to both premium expense and to the “what if I don’t use it” effect. While most clients typically aren’t disappointed if they never file a claim on their homeowners or auto insurance policy, for […]

NAIC Makes Its Pitch For The State-Based System: Opinion

{July 21st, 2014} by Linda Koco

It’s pretty clear that National Association of Insurance Commissioners (NAIC) intends to defend its state-based regulatory turf. In a strongly worded statement, NAIC said some federal officials and global regulators are seeking “unprecedented authority”over American insurance markets. That authority includes “imposition of bank-centric regulation on insurance companies.” In response, NAIC said it is “deploying” Protecting […]

The science behind reaching Millennials [infographic]

{July 21st, 2014} by Emily Holbrook

The Millennial generation will soon have the highest purchasing power in history. So how can insurance companies — or any company — reach them? According to this article (link below), industries should use graphics and visuals; be authentic, creative and distinct; get the the point quickly; and engage and ask for feedback. Do you incorporate […]

3 things to learn from the outrageous Comcast recording

{July 21st, 2014} by Kelly Moser

Recently, an eight minute recording of one man’s conversation with a Comcast employee went viral — for all the wrong reasons. If you haven’t heard the recording, allow me to sum it up for you. Customer Ryan Block called Comcast to disconnect his services because he’s switching to a new provider. His simple request turned […]

Insurance M&A deal volume up 20% year-over-year through mid-June

{July 21st, 2014} by Jan Haider Kiani

Year-to-date through June 20, the insurance mergers and acquisition (M&A) market witnessed 160 deal announcements, compared to 134 deals over the same period of 2013 — an increase of roughly 20%, according to SNL Financial. The 2014 first quarter saw 100 insurance deals announced, compared to 72 deals in the year-ago period. Sixty insurance deals […]

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