A federal judge permits a pension risk transfer lawsuit against Bristol-Myers Squibb over ERISA fiduciary duty allegations related to pension obligations transferred to Athene.

U.S. insurance regulators debate AI governance with varied approaches from NAIC principles and Colorado's rules to NCOIL's model law. Industry voices emphasize balanced oversight and innovation.

Group 1001 Insurance appoints Derek Towriss as President of Gainbridge Insurance Agency, advancing leadership in annuities and insurtech innovation.

TruChoice Financial Group launches SmartHub, an integrated platform streamlining annuity sales for financial professionals with enhanced order management and compliance.

A New York judge dismissed a lawsuit challenging General Electric's pension risk transfer to Athene, affirming the legality of PRT deals under ERISA and supporting insurer participation in pension risk markets.

President Trump's executive order expands 401(k) investment options to include private equity and alternative assets, offering new diversification opportunities while raising fiduciary and regulatory considerations for retirement plans.

New York State expands Gold Star Families Annuity in 2025-26 budget to include families of service members who die on active duty in combat and non-combat situations, enhancing veterans' survivor benefits.

The U.S. life/annuity insurance sector saw a 39% net income rise in Q1 2025, driven by premiums, investments, and reserve adjustments per AM Best report.

A federal judge dismissed a lawsuit by former General Electric employees challenging a $1.7 billion pension risk transfer to Athene, citing lack of standing under ERISA. The ruling highlights judicial support for pension risk transfers as compliant and lawful.

Stephenie Melton and Travis Pettit convicted for elder financial exploitation involving insurance policy forgery and bank account fraud in Ulster County, highlighting insurance fraud risks.