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February 2nd – 6th, 2015 We are going to C-E-L-E-B-R-A-T-E

{January 27th, 2015} by Jamie Johnson

On February 5th, 2015 Indexed Annuities turn 20 years old! Wink is going to C-E-L-E-B-R-A-T-E this birthday all week long, during the first full week of the month and we invite you to join us. From February 2nd to February 6th,  YOU (yes, YOU!)  can access Wink’s AnnuitySpecs analysis tool for free, all week long!! […]

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Where I’ve Been for the Past 18 Months

{January 27th, 2015} by Sheryl J. Moore

I know it has been a very long time since I’ve published any YouTube videos, articles, blogs, etc. I wanted to do a video, to help you understand why I’ve been  “missing in action” the past 18 months.  http://youtu.be/Uv0kVmvDWds Thank you everyone for your prayers, support, and love! I’m dedicated to helping all of you […]

Loss Of Advisors Starting To Hurt Wirehouses

{January 27th, 2015} by Cyril Tuohy, cyril.tuohy@innfeedback.com

As many as 711 securities brokers who jumped ship to rival firms or started their own business took with them $98 billion in assets last year. This is a sign of just how ferocious the recruitment wars have become, an analysis conducted by Reuters has found. The report, published earlier this month, found that of […]

Reassessing risk: making the case for indexed universal life

{January 27th, 2015} by Jordan H. Smith

Everything we do in life involves some element of risk. Some risks are known, and believed to be understood, while others are more uncertain and involve probability or magnitude that we find difficult to quantify. When investing, we generally seek to obtain the highest return possible given the amount of risk that we are able […]

Florida Insurance Commissioner McCarty’s Reappointment in Doubt

{January 27th, 2015} by Michael Adams

Florida’s insurance regulator’s tenure could be coming to an end after more than a decade as the newly re-elected governor looks to shake up his administration by replacing the heads of state agencies. Rumors have been circulating that Insurance Commissioner Kevin McCarty may not survive the transition into Governor Rick Scott’s second term. And Scott’s […]

Gov. Scott wants to replace top insurance regulator

{January 27th, 2015} by Steve Bousquet - Times/Herald Tallahassee Bureau

TALLAHASSEE — Gov. Rick Scott recruited a Louisiana state official as the replacement for Florida’s chief insurance regulator weeks before he publicly called for the regulator’s removal as part of a second-term reorganization. Scott’s office confirmed Monday that it asked for a resume from Ron Henderson, 45, the deputy insurance commissioner for consumer advocacy in […]

5 things life insurers need to do to stay competitive

{January 27th, 2015} by Lynette Gil

A recent report from the Deloitte Center for Financial Services reveals that the industry has to keep working on areas such as targeting underserved markets, simplifying products and launching new distribution programs. Today, in the middle and the long term, the life insurance and annuities industries are going to be:  Click HERE to read…

Redmer Returns to Former Job as Maryland Insurance Commissioner

{January 27th, 2015} by Thomas Harman, Tom.Harman@ambest.com

ANNAPOLIS, Md. – Alfred Redmer Jr. is returning to his former job as Maryland insurance commissioner, accepting an appointment by new Republican Gov. Larry Hogan. Redmer succeeds Therese Goldsmith, who stepped down from the post when Hogan assumed office on Jan. 21. Redmer started his term last week, although he still must be confirmed by […]

As more states recognize gay marriage, planning traps still await couples

{January 27th, 2015} by Liz Skinner

Supreme Court could agree to rule on one of many appeals cases by this summer, and largely clear things up Retirement and other financial planning is still a mine-field for many same-sex couples, especially those living in the 14 states that continue to bar gay couples from wedding. Even as the legalization of same-sex marriages […]

Here’s why half of financial executives say Google or Amazon could change the way we buy life insurance

{January 27th, 2015} by Nichole Morford

Ask more than 50 industry leaders for their thoughts on the life insurance market, and you’re bound to get a wide range of answers. But if there’s one thing on which many of them agree, it’s that change is coming. We’re not talking small product tweaks here; we’re talking industry-shaking revolution. Click HERE to read…

Agent Group CEO: Digital No Threat To Insurance Agents

{January 27th, 2015} by Lenny Liebmann

According an article in the January 18 New York Times, “Insurance via Internet is Squeezing Agents.” Don’t be so sure, says John Tiene, John Tiene, CEO of the Monmouth Junction, NJ-based Agency Network Exchange, an organization that pools independent agents’ premium for profit sharing to provide the entire membership a stable base to concentrate on […]

SEC Announces Charges Against S&P For Fraudulent Ratings Misconduct

{January 27th, 2015} by N/A

The Securities and Exchange Commission today announced a series of federal securities law violations by Standard & Poor’s Ratings Services involving fraudulent misconduct in its ratings of certain commercial mortgage-backed securities (CMBS). S&P agreed to pay more than $58 million to settle the SEC’s charges, plus an additional $19 million to settle parallel cases announced […]

Do [Indexed Annuities] Deserve The Bad Rap?

{January 27th, 2015} by Cengage Learning, 2015 Paddock Publications

[Indexed annuities] are very much misunderstood by the buying public. In a recent article by David Scranton of Scranton Financial Group about “annuity bashing,” he says, “consider the source when it comes to negative press about annuities.” It could be from an uninformed writer, wire houses, independent broker-dealers, mutual fund companies or banking institutions. Dollars […]

A.M. Best Removes From Under Review and Affirms Ratings of Protective Life Corporation and Its Subsidiaries

{January 26th, 2015} by A. M. Best

A.M. Best Removes From Under Review and Affirms Ratings of Protective Life Corporation and Its Subsidiaries Oldwick – A.M. Best has removed from under review with negative implications and affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of the primary life insurance subsidiaries of Protective Life […]

Insurance Channel Shows Strong AUM Growth

{January 26th, 2015} by Linda Koco, linda.koco@innfeedback.com

The insurance channel had the greatest percentage rise in assets under management between 2008 and 2013, although insurance also had the smallest slice of the overall AUM pie, according to Boston-based Cerulli Associates. This was at a time when the overall financial advisor industry experienced nearly 13 percent growth in assets, though with fewer hands […]

IRI: We Share President’s Retirement Security Goals

{January 26th, 2015} by IRI

IRI Presents Blueprint for Advancing Retirement Security Agenda WASHINGTON, D.C. – The Insured Retirement Institute (IRI) released the following statement from IRI President and CEO Cathy Weatherford following President Obama’s State of the Union address last night: “We share significant common ground with the President when it comes to helping middle-income Americans prepare and save […]

You’re Missing Wealthy Millennials, Survey Finds

{January 26th, 2015} by Ann Marsh

Advisors are missing out by overlooking millennials, says a new survey by TD Ameritrade. “Millennials who are of modest means, but on the right path to greater wealth, represent a largely untapped opportunity,” the survey authors write, “yet they are largely overlooked by most financial firms.” Many in this group have not yet chosen advisors […]

Advisers in Northeast prep for blizzard, close offices

{January 26th, 2015} by Liz Skinner

Firms planning ahead with staff and clients for days of potential power outages and working remotely Financial advisers in the Northeast heeded official warnings Monday of a “life threatening” blizzard on its way — many sending employees home early and making plans to work remotely over the next couple days if they can’t travel into […]

Insurance Dept. Issues Alert After Agent Charged

{January 26th, 2015} by The Associated Press

JACKSON, Miss. (AP) — Mississippi’s Insurance Department says an Indianola insurance agent has surrendered his license. A release from Commissioner Mike Chaney says Randal Ray Henson was charged in Sunflower County with false pretense. Chaney said the charge is related to allegations that Henson failed to forward premium payments to insurance carriers. Chaney says anyone […]

8 ways to be more productive when working from home

{January 26th, 2015} by Lynette Gil

When you rise in the morning, form a resolution to make the day a happy one to a fellow-creature – Sydney Smith Working from home is convenient on days when the roads are more like ice rinks suited for hockey playing, or when your dishwasher decides to throw a fit and flood your kitchen. The […]

Annuities Are Constantly Adapting: BLOG

{January 24th, 2015} by Rachel Summit, "FinanceMama" on Twitter

As we near the end of January (can you believe it?), people are already starting to look at the forecasted annuity trends for 2015 to see what is proving to be true. In LifeHealthPro’s article, “Annuity trends: 2015 and beyond,” Adam Cufr took a look at the recent past and predicted future of the annuity […]

RIAs, dually registered advisors enjoying double-digit AUM growth

{January 23rd, 2015} by Warren S. Hersch, whersch@SummitProNets.com

The number of financial advisors grew by a 5-year compounded annual growth rate (CAGR) of 9.4 percent between 2008 and 2013, according to new research. Cerulli Associates unveils this finding in the first quarter 2015 issue of “The Cerulli Edge: Advisor Edition.” The research examines critical issues facing financial advisors. Click HERE to read…

Dai-ichi Receives Regulatory Approvals for Protective Acquisition

{January 23rd, 2015} by The Dai-ichi Life Insurance Company, Limited

BIRMINGHAM, Ala. & TOKYO–(BUSINESS WIRE)–The Dai-ichi Life Insurance Company, Limited (TSE: 8750), (“Dai-ichi Life”) and Protective Life Corporation (NYSE: PL), (“Protective”) today announced that Dai-ichi has received all necessary approvals from regulatory authorities in the United States and Japan for the previously announced proposed acquisition of all of the outstanding shares of common stock of […]

A.M. Best Assigns Ratings to The Dai-ichi Life Insurance Company, Limited

{January 23rd, 2015} by A. M. Best

Hong Kong – A.M. Best has assigned a financial strength rating of A+ (Superior) and an issuer credit rating of “aa-” to The Dai-ichi Life Insurance Company, Limited (DL)(Japan). The outlook assigned to both ratings is stable. The ratings reflect DL’s robust level of risk-adjusted capitalization, improvement in its business profile and a trend of […]

Bank Annuity Income Rises 8.4% in First 9 Months Of 2014

{January 23rd, 2015} by Cyril Tuohy, cyril.tuohy@innfeedback.com

Income earned from the sale of annuities at bank holding companies rose 8.4 percent to $2.71 billion in the first three quarters of 2014, compared with the first three quarters of 2013, according to the bank insurance consultancy Michael White Associates. Third-quarter bank holding company annuity commissions rose 2.6 percent to $897.4 million from the […]

Saving For Retirement ‘Not Main Priority’ Say 4 In 5 Working Americans

{January 22nd, 2015} by Business Wire

*** HSBC survey finds that half can’t afford to adequately plan for a comfortable retirement as they juggle growing financial responsibilities and accumulated debt *** NEW YORK–(BUSINESS WIRE)– A majority of working-age Americans admit they are not prioritizing retirement planning and place greater importance on more immediate financial concerns, potentially resulting in financial hardship in […]

Trade Group Wants Annuity Tax Deferrals Maintained

{January 22nd, 2015} by Ted Knutson

The Insured Retirement Institute, the largest annuity trade group, laid out its 2015 “wish list” for Congress and federal agencies Tuesday. Highest up on IRI’s lobbying priorities is to encourage retirement savings by keeping tax deferrals for annuities. IRI is also planning efforts to have Congress tweak the tax code to make annuities portable when […]

Pacific Life Foundation Announces $6 Million 2015 Giving Program

{January 22nd, 2015} by Business Wire

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–The Pacific Life Foundation announced today, that for a second consecutive year, it will provide $6 million in funding to support the areas of arts and culture; civic, community, and environment; education; and health and human services. The 2015 grants will be directed primarily toward supporting the communities where Pacific Life employees […]

‘Too Big To Fail’ On The Agenda Again

{January 22nd, 2015} by Mary Williams Walsh

Top financial regulators on Wednesday discussed ways to improve how so-called too-big-to-fail institutions are singled out for closer supervision, but they stopped well short of reversing any designations made so far. The proposals discussed by the Financial Stability Oversight Council included making earlier and fuller disclosures of information and giving companies designated as ”systemically important” […]

5 Steps to Replicate Your Best Annuity Clients

{January 21st, 2015} by Gregory Bailey

Prospecting for new annuity clients is an important part of the job, but finding ideal clients – the ones you feel most comfortable working with and that create the most value for your business – can be challenging. Consider meeting the challenge head-on by adopting a “replication” strategy that focuses your efforts on prospects that […]

In search of suitability

{January 21st, 2015} by John Olsen

Every advisor who sells financial products must wrestle every day with the concept of suitability. We may be (and should be) held accountable for demonstrating that the sales we make are appropriate and that they meet the needs of our clients. But how do we do that? Most, if not all, insurance companies provide tools […]

Avoiding ethics violations from unlikely sources

{January 21st, 2015} by John Sullivan

Ethics cut both ways. That means violations aren’t always fueled by nefarious intentions. Sometimes its laziness, sometimes carelessness and sometimes it stems from an effort to help.  Click HERE to read…

10 things to know about whole life insurance

{January 21st, 2015} by Stephan R. Leimberg, Leimberg Information Services,

 Co-written by Robert J. Doyle, Jr. and Keith A. Buck as an excerpt from The Tools & Techniques of Life Insurance Planning, 5th edition: Whole life insurance, as the name implies, is a contract designed to provide protection over the insured’s entire lifetime. There are many types of whole life policies, but the oldest and […]

NAIC Hires Former Arizona Regulator Urias as International Director

{January 21st, 2015} by N/A

The National Association of Insurance Commissioners (NAIC) has hired Christina Urias, former Arizona insurance commissioner, to the fill newly-created position of managing director of the International Insurance Regulatory Affairs Division. This position reports directly to the CEO Ben Nelson and has responsibility for NAIC international staff in Washington, D.C., New York City and Kansas City, […]

How one life insurer expects to succeed in 2015

{January 21st, 2015} by Warren S. Hersch, whersch@SummitProNets.com

NU Senior Editor Warren S. Hersch recently interviewed Caroline Feeney, president of Prudential’s national sales organization, comprised of 3,000 financial professionals. The interview explored, among other questions, the performance of Prudential’s career distribution system in 2014, the role the unit plays as part of Prudential’s strategic vision, and lessons she’s learned that might benefit other […]

SIFI Label Puts Industry At Risk

{January 21st, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON – The non-executive chairman of American International Group (AIG) said he doesn’t think MetLife will be successful in challenging a federal agency’s designation as a systemically important financial institution (SIFI), adding that such a designation of an insurance company risks destroying the industry. In comments on CNBC’s Squawk Box, Steve Miller said, “I don’t […]

Five Annuity Questions You Need to Stop Asking

{January 21st, 2015} by Christopher Bartolotta

It’s a new year, and a great time to look at new ways of growing your business. If you’ve chosen to do that by starting to sell fixed and indexed annuities, great; you’ve chosen well, as fixed annuity products are more popular and more consumer-friendly than ever. It’s no secret, though, that there are a […]

O’Brien Cites Transition, Medical Issue in NAFA Retirement

{January 21st, 2015} by Linda Koco

Kim O’Brien’s retirement as president and CEO of National Association for Fixed Annuities (NAFA) surprised a lot of people inside the organization and out, but the 11-year NAFA leader says the time is right. In an interview with InsuranceNewsNet, O’Brien said she needed to attend to a medical issue and, as she reviewed her options, […]

Investors globally expect a 9 percent return on their portfolio

{January 21st, 2015} by Warren S. Hersch, whersch@SummitProNets.com

Seven in ten investors globally are conflicted about the appropriate balance between risk and return. And U.S. investors have higher expectations than others, according to new research. Natixis, a French corporate and investment bank, discloses these findings in its “2014 Global Survey of Individual Investors. Click HERE to read…

Prison time in Va. for man guilty of nationwide life insurance scam

{January 21st, 2015} by IFAwebnews Staff

A California man has been sentenced by a U.S. District Court in Richmond, Va., to spend the nex 6.5 years in prison for his role in a life insurance scheme involving nearly 1,000 people across the country. According to federal prosecutors, 50-year-old Joseph Giovanni Santiago of Los Angeles also was ordered to pay more than […]

What’s the real annuity story? Accumulation or Income?

{January 20th, 2015} by Victoria Peterson and Jamie Johnson

A brand new year brings us a good time to reflect on past data from Wink’s Sales & Market Report to see if the hard facts give us any insight as to what the indexed annuity sales focus will be for 2015. Do the trends of indexed annuity sales point to an accumulation or income […]

From Antiquity to the Future: Financial Security Is Always Part of the Quest

{January 20th, 2015} by Bryan Mills, advzrtek@gmail.com

“The future belongs to those who prepare for it today.” This powerful quote by Malcolm Little may quite possibly be the cornerstone or central message upon which your financial practice is built. So how can you deliver what’s essentially a promise of financial certainty while exploring and embracing the many complex solutions offered to you […]

NAFA Announces the Retirement of Kim O’Brien

{January 20th, 2015} by Janet Terpening, Director of Operations, NAFA

FOR IMMEDIATE RELEASE: January 20, 2015 NAFA Announces the Retirement of Kim O’Brien WASHINGTON, D.C. – January 20, 2015 -The National Association for Fixed Annuities (NAFA) announces the retirement of Kim O’Brien, President & CEO, from the organization effective Friday, January 16, 2015. An ardent advocate for fixed annuities with 10 years at the helm […]

Here are the 25 best business jobs for 2015

{January 20th, 2015} by Nichole Morford

With our national unemployment rate down to 5.6 percent, job prospects are looking rosier than they have for some time. The U.S. Department of Labor reports that December 2014 saw growth in a number of areas tied to the insurance industry, including professional and business services and healthcare. Better still, it is expected that these […]

10 developments to watch in the independent broker-dealer industry in 2015

{January 20th, 2015} by Bruce Kelly , Mark Schoeff Jr. and Mason Braswell

Advisers and their independent broker-dealers saw movement last year in regulation, investment products, business strategies, retirement vehicles and more. Here are 10 of the hottest topics, which are sure to continue to evolve as the year unfolds. LPL strapped with compliance charges LPL Financial, the leading independent broker-dealer with more than 14,000 reps and advisers, […]

Life Insurance: a dirty word, but a powerful gift

{January 19th, 2015} by Rebecca Kincaid

My five-year-old daughter lost her first tooth the other day. I asked her, “What will you do with the money from the tooth fairy?” With a big smile she said, “I’m going to buy an iPad!” Clearly, my sweet girl doesn’t know the tooth fairy didn’t account for inflation and only brought a dollar. Children […]

SEC Putting Retirement Savings On The Front Burner In 2015

{January 19th, 2015} by Linda Koco, linda.koco@innfeedback.com

The examinations office of the Securities and Exchange Commission (SEC) is putting retirement savings on the front burner for 2015. In its annual priority list for examinations, the SEC Office of Office of Compliance Inspections and Examinations (OCIE) named matters “of importance to retail investors and investors saving for retirement” as its top priority for […]

6 Smart Tips For Working With Millennial Financial Advisors

{January 19th, 2015} by Alix Purcell

As the leader of a successful financial advisory team your greatest asset is your human capital. And if you’re looking to increase the sustainability of your business it might be wise to look into hiring a younger generation of advisors to help grow and prepare your team for the future. Millennial financial advisors hold incredible […]

Federal Roundup

{January 19th, 2015} by NAFA Staff

Government Relations Committee 2015 Priorities At the National Association for Fixed Annuities (NAFA), our primary mission is to promote the awareness and understanding of fixed annuities. Therefore, a core value proposition for NAFA members is advocacy on issues affecting the fixed annuity industry, supported by: Actively engaging in the legal, legislative and regulatory processes Creating […]

Opportunities to Help Solve the Retirement Puzzle for the Middle Market

{January 19th, 2015} by Mark Fitzgerald

The changing retirement landscape continues to present challenges for Baby Boomers as well as for those already in or nearing retirement. For the long-underserved middle-income market, these obstacles are particularly formidable, and they’re even more overwhelming for Americans whose earnings place them at the lower portion of this demographic. These are the individuals for whom […]

New Fiduciary Push Faces Longer Odds

{January 19th, 2015} by Arthur D. Postal, arthur.postal@innfeedback.com

WASHINGTON – A coalition of consumer-oriented public interest groups has created a website designed to mobilize public support for a uniform fiduciary standard in anticipation of a renewed push to expand the standard. The initiative by the consumer groups this week is the opening bell of what is expected to be a renewed push by […]

VAs Move On To FINRA’s Exam Radar

{January 19th, 2015} by Linda Koco, linda.koco@innfeedback.com

Variable annuities are on the examination radar of “product-focused concerns” at the Financial Industry Regulatory Authority (FINRA). In its annual letter outlining its of regulatory and exam priorities for 2015, the regulatory organization told its broker/dealer members that it will focus on “sales practice issues with variable annuities — both new purchases and 1035 exchanges.” […]

KC woman accuses annuities issuer of racketeering

{January 19th, 2015} by Brianne Pfannenstiel, Kansas City Business Journal

A Kansas City woman has filed a lawsuit accusing an insurance company of dumping billions of dollars in liabilities into hidden accounts to mislead consumers about its financial stability. Dale Ludwick claims in the lawsuit, which seeks class-action status, that Fidelity & Guarantee Life Insurance Co. sold her an annuity plan that was far riskier […]

South Dakota gets a new insurance commissioner

{January 19th, 2015} by Allison Bell

Larry Deiter has taken over from Merle Scheiber as director of the South Dakota Division of Insurance. Deiter had been serving as interim director since Dec. 4, when Scheiber resigned, according to South Dakota Labor and Regulation Secretary Marcia Hultman. Scheiber resigned for personal reasons, officials said. Scheiber could not immediately be reached for comment. […]

A.M. Best Affirms Ratings of American Equity Investment Life Holding Company and Its Subsidiaries

{January 19th, 2015} by A. M. Best

A.M. Best Affirms Ratings of American Equity Investment Life Holding Company and Its Subsidiaries ——————————————————————————– CONTACTS: Keith Behrmann Financial Analyst (908) 439-2200, ext. 5733 keith.behrmann@ambest.com Rosemarie Mirabella Assistant Vice President (908) 439-2200, ext. 5892 rosemarie.mirabella@ambest.com Christopher Sharkey Manager, Public Relations (908) 439-2200, ext. 5159 christopher.sharkey@ambest.com Jim Peavy Assistant Vice President, Public Relations (908) 439-2200, ext. […]

Is 2015 the year of the annuity?

{January 19th, 2015} by David Cruz

Annuities have long been a polarizing topic. Some advisors say annuities are a core part of their business, while others almost never consider them. Clients who have annuities often buy more, while a vast majority of consumers still aren’t quite sure how they work. Click here to read…

Cetera factor dampens M&A activity among independent broker-dealers

{January 19th, 2015} by Bruce Kelly

Cetera Financial Group chief executive Larry Roth last year articulated a grand ambition, saying he fully expected to have 20,000 brokers on board in five years, or nearly double the 10,100 advisers in the firm’s network. But the broker-dealer, put together in seemingly lightning speed thanks to the checkbook of nontraded REIT czar Nicholas Schorsch, […]

Life Insurance and Annuities in the US Industry Market Research Report from IBISWorld Has Been Updated

{January 19th, 2015} by PR Web

New York, NY (PRWEB) January 19, 2015 According to the Federal Reserve and the American Council of Life Insurers, the Life Insurance and Annuities industry is one of the largest sources of investment capital in the United States. Holding over 18.0% of all US corporate bonds, industry operators are the largest source of bond financing […]

All This Talk About QLAC What Does it Really Mean?

{January 19th, 2015} by Gary Baker

The U.S. Treasury has been making news over the last several months with rule changes that expand the use of deferred income annuities (DIAs) inside retirement plans. The first change was announced in July of 2014, and allows for the deferral of income from a qualified DIA to extend past the mandatory required minimum distribution […]

Fixed Indexed Annuities Celebrate 20 Years

{January 19th, 2015} by Jack Marrion, Advantage Compendium Ltd

The fixed (equity) indexed annuity (FIA) was introduced 20 years ago. Why then? One big reason is that the psychology of the times was right. 1994 had been a rocky year — bond fund returns were poor, the S&P 500 ended the year on a down note, and many stock funds and variable annuities had […]

LPL advisers’ commissions land in their bank accounts one day late

{January 19th, 2015} by Bruce Kelly

LPL Financial failed to pay commissions to a large portion of its 14,000 registered reps and advisers on Thursday due to an error in sending money directly into their bank accounts. “We have identified an operational processing issue that affects the payment of your commission today through ACH direct deposit,” wrote LPL president Robert Moore […]

This is the No. 1 competitive threat facing independent agents in 2015

{January 19th, 2015} by Warren S. Hersch

Most of the 38,500 independent agencies in the U.S. are small businesses that generate average annual premiums of between $5 and $6 million, earn commissions of less than $1 million, and employ seven to 12 full-time employees, according to new research. Accenture discloses these findings in a new report on independent agencies, “Evolving to Compete […]

Rumored Ouster Of Fla. Insurance Commissioner Makes Waves

{January 19th, 2015} by Charles Elmore, The Palm Beach Post, Fla.

Jan. 16–Gov. Rick Scott’s office offered no direct comments Thursday about rumors the state’s long-serving insurance commissioner is on the way out, but a spokeswoman noted it’s “good to get fresh ideas and leadership” in a second term. A spokesman for Florida Chief Financial Officer Jeff Atwater of North Palm Beach said “absolutely not” when […]

Fidelity & Guaranty Life CEO Lee Launer Announces Retirement Date; Chris Littlefield Named Successor

{January 19th, 2015} by Fidelity & Guaranty Life

DES MOINES, Iowa, Jan. 16, 2015 /PRNewswire/ — Fidelity & Guaranty Life (“FGL” or “the Company”; NYSE: FGL) announced today that Lee Launer, the Company’s Chief Executive Officer and a member of its Board of Directors, has elected to retire effective as of April 30, 2015 in order to pursue outside interests. Pursuant to its […]

A.M. Best Affirms Ratings of Principal Financial Group, Inc. and Its Subsidiaries

{January 19th, 2015} by A. M. Best

Oldwick – A.M. Best has affirmed the financial strength rating (FSR) of A+ (Superior) and the issuer credit ratings (ICR) of “aa-” of Principal Life Insurance Company (PLIC) and Principal National Life Insurance Company. Both are life insurance operating companies of Principal Financial Group, Inc. (PFG) (collectively referred to as Principal) [NYSE: PFG], which is […]

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