INSURASALES

American Life & Security Unveils Nasdaq-100 Intraday Elite 15%™ Index for Fixed Indexed Annuities

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 Bolster Team with Veteran Actuarial Experts

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.

National Life Insurance Awareness Month Highlights Critical Financial Protection Gaps

National Life Insurance Awareness Month sheds light on widespread financial vulnerabilities due to underinsured families and promotes affordable, tailored life insurance solutions from Amica Insurance.

Medicare Advantage Faces $5.7 Billion Underwriting Loss Amid Rising Costs in 2024

Medicare Advantage incurs a $5.7 billion underwriting loss in 2024 due to increased utilization, medical inflation, and regulatory changes, impacting insurer profitability and market dynamics.

USAA Agrees to $5M Settlement Over Maryland Auto Insurance Late Fee Lawsuit

USAA to pay $5 million to settle Maryland class-action lawsuit alleging unlawful late fees on auto insurance policies. Settlement pending court approval.

California Consumer Group Proposes Homeowner Insurance Rights Initiative

A new California ballot initiative proposes requiring insurers to cover fireproofed homes or face penalties, amid ongoing wildfire insurance market challenges and regulatory debates.

Bamboo Insurance Expands into Texas Homeowners Market with Tailored Offerings

Bamboo Insurance enters the Texas homeowners insurance market, offering personalized and transparent insurance products amid market withdrawals. This expansion expands coverage options and exemplifies evolving insurance strategies in Texas.

Horace Mann Life Insurance Reports Data Breach Affecting Sensitive Personal Data

Horace Mann Life Insurance Company reports a data breach compromising sensitive personal and health information, prompting investigation and compensation offers.

SelectQuote Faces DOJ Lawsuit over Medicare Advantage Sales Practices

SelectQuote Inc. faces a DOJ whistleblower lawsuit over Medicare Advantage sales practices, triggering stock declines and investor class-action suits. Key updates on regulatory compliance and market impact.

Key Medicare Enrollment Deadlines and Penalties for Insurance Professionals

Understand critical Medicare enrollment periods, penalties, and coverage options to inform insurance professionals and advisors guiding clients through retirement healthcare transitions.