INSURASALES

U.S. Insurance Industry Reports Record $3.3 Trillion Performance Amid Market Challenges

The Federal Insurance Office reports record $3.3 trillion U.S. insurance premiums in 2024, highlighting strong life and health and property/casualty sectors amid investment gains and market challenges.

Nascar Star Kyle Busch Sues Pacific Life Over Misleading IUL Policies

Kyle Busch and Pacific Life confront lawsuits alleging deceptive marketing of Indexed Universal Life policies, raising critical issues in life insurance compliance and consumer protection.

Pacific Life Expands in Charlotte with $12.3M Investment, 301 New Jobs

Pacific Life commits $12.3 million to open a new Charlotte office, creating 301 jobs in actuarial, finance, technology, and HR roles. The expansion supports Charlotte's growing reputation as a financial services hub with $5.5M in state tax incentives.

AM Best Downgrades Outlook for CICA Life Insurance Credit Rating

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.

Pacific Guardian Life Reaches $2M Settlement in 2023 Cybersecurity Breach Class Action

Pacific Guardian Life settles $2 million class action over August 2023 data breach exposing sensitive customer data. Eligible claimants may receive up to $2,020. Claim deadline Dec 21, 2025.

Globe Life Reports Q3 2025 Earnings With Strong Underwriting and Investment Results

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 Named 2026 Chair of American Council of Life Insurers

Teresa Rasmussen elected 2026 chair of the American Council of Life Insurers, advancing industry initiatives on financial and retirement security.

Malibu Life Expands Into Annuities with TruSpire Acquisition and Sector Moves by Pacific Life and Lincoln Financial

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.

Florida Pastor Accused of Forging Life Insurance Policy on Ill Congregant

Florida pastor charged with forging a $100,000 life insurance policy on a church member undergoing surgery, highlighting risks of beneficiary fraud in life insurance.

NAIFA and Connectiv Partner to Launch Protectors Vegas 2026

NAIFA teams with Connectiv to launch Protectors Vegas 2026, a new flagship event advancing innovation and professional growth in life insurance and annuities.