New York Life Insurance increases its investment in Affirm's consumer loans, backing up to $750 million through 2026 to support $1.75 billion in annual loan volume amid rising interest rates and fintech growth.
AM Best revises CICA Life Insurance's credit rating outlook to negative citing new business strain and balance sheet pressures. Stable financial strength rating affirmed.
Globe Life delivers strong Q3 2025 financial results with increased net income and underwriting income driven by life and health insurance growth and stable investment yields.
Teresa Rasmussen elected 2026 chair of the American Council of Life Insurers, advancing industry initiatives on financial and retirement security.
Malibu Life Holdings acquires TruSpire Retirement Insurance, expanding into direct annuity issuance by mid-2026. Pacific Life settles IUL lawsuit and adds FIAs, while Lincoln Financial advances Rila platform development.
Santa Barbara County risks losing medical coverage for over 40,000 residents due to new federal immigration documentation requirements and changes in Medicaid policies, impacting public health clinics and insurance eligibility.
Meanwhile, a Bermuda-regulated Bitcoin life insurer, raised $82M to expand BTC-based life insurance, annuities, and savings products, addressing inflation and currency risk with institutional backing.
The 2025 J.D. Power study identifies major factors impacting U.S. life insurance customer satisfaction, highlighting the benefits of digital platforms and personalized communication amid premium increases.
Waterlily unveils AI-driven Quote-and-Apply platform to optimize long-term care insurance selection and simplify application processes, enhancing underwriting and policy purchase efficiency.
Meanwhile secures $82M funding to scale Bitcoin-denominated life insurance and retirement products, highlighting expansion of crypto-linked financial services in regulated insurance markets.
