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.
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.
American Life & Security Corp. collaborates with Nasdaq Global Indexes to launch the Nasdaq-100 Intraday Elite 15%™ Index for its American Select Fixed Indexed Annuity, featuring volatility control and intraday rebalancing to enhance crediting stability.
BCG Pension Risk Consultants enhances its defined benefit pension plan services by hiring experienced actuarial experts, reinforcing its market leadership in pension risk transfer and de-risking solutions for plan sponsors.
Brighthouse Financial outperforms industry growth with strong life insurance and annuity sales, attractive valuation, and robust financial metrics in the U.S. insurance market.
A $1.9 million Multi-Match jackpot ticket was sold in Lanham, MD, offering the winner annuity or cash payout options. The jackpot sale includes a retailer bonus and is the fourth in 2025.
