INSURASALES

Tag: Consumer Protection

Kyle Busch Lawsuit Highlights Risks of Indexed Universal Life Insurance for Retirement

NASCAR star Kyle Busch’s lawsuit reveals the risks of Indexed Universal Life policies marketed as tax-free retirement plans. Learn about the hidden costs and regulatory concerns.

PA Attorney General Warns of Fake Health Insurance Marketplaces Amid Open Enrollment

Fake health insurance marketplaces exploiting open enrollment, highlighting risks of data theft and fraud.

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.

Illinois Court Limits State Farm ACV Class Action Claims in Multi-State Dispute

Illinois district court partially limits State Farm ACV class action claims in Alaska, West Virginia, Kentucky, and Mississippi, highlighting complex insurance litigation and regulatory issues.

Hawaii Promotes NAIC Life Insurance Policy Locator Tool in 2025

Hawaii's Insurance Division highlights the NAIC's Life Insurance Policy Locator tool helping recover unclaimed life insurance benefits and annuities in 2025.

Illinois Proposes Legislation to Ban Cost Shifting in Insurance Rates

Illinois Senator Michael E. Hastings proposes legislation to prohibit insurance cost shifting and ensure premiums reflect local risks, enhancing fairness and transparency in insurance rates.

California Advances Car Dealer Fee Transparency Bill Reflecting Federal Efforts

California is advancing a bill to regulate car dealer fees, banning junk fees, requiring full price transparency, and establishing a used car return period. This follows previous federal efforts and could reshape auto retail practices.

FTC Slaps MediaAlpha with $45M Settlement: A Wake-Up Call for Insurance Marketing

In 2025, the FTC settled with MediaAlpha for $45M over deceptive health insurance lead generation, including illegal telemarketing and false government affiliation claims, emphasizing enforcement of consumer protection laws in insurance marketing.

Oklahoma's Insurance Rate System Linked to High Property Premiums

Oklahoma's file-and-use insurance rate system contributes to the nation's highest property insurance premiums, contrasting with California's cost-saving prior-approval model. This analysis explores regulatory impacts on homeowner and auto insurance rates.

Michigan Financial Advisor Faces Trial for Insurance Fraud with Annuities

Michigan financial advisor Todd Bernstein charged with insurance fraud for submitting false annuity applications involving early annuity surrenders, under investigation by Michigan DIFS and Attorney General.