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American Council of Life Insurers: New Federal
WEBWASHINGTON, March 29-- The American Council of Life Insurers issued the following news release on March 28, 2024:. In a new rule unveiled today, federal regulators wisely maintained access to a ...
Policyholders still waiting as regulators unwind Greg Lindberg …
WEBJul 24, 2023 — Standard guaranty association coverages protect policyholders up to $300,000. Court documents indicate that nearly all of the policies in the receivership process are less than $300,000.
Judge approves $25M settlement to end lawsuit over Genworth’s …
WEBOctober 17, 2022 — A federal judge approved a $25 million settlement between Genworth Life & Annuity Insurance Company and a class of more than 13,400 plaintiffs alleging that policyholders of ...
Life Insurance News Articles | InsuranceNewsNet
WEBAug 29, 2024 — Life Insurance News Articles
Brookfield Acquires American National Group In $5.1B Deal
WEBAug 9, 2021 — The merger consideration of $190 per share of American National common stock represents a 55% premium to the unaffected share price of $122.56 on May 11, 2021, as well as a 24.7% premium over ...
Policyholders wait as Greg Lindberg insurers remain stuck in ...
WEBJul 7, 2022 — According to court documents, four insurers formerly owned by Greg Lindberg say they face shortfalls of more than $1 billion and that policyholders could take "severe losses” before a court ...
NC judge puts Greg Lindberg insurance companies into liquidation
WEBNov 22, 2022 — A North Carolina Superior Court judge placed two financially impaired insurance companies once led by disgraced billionaire Greg Lindberg into liquidation Monday. The Wake County Superior Court ...
Caught in financial storm, P&C insurers turn to reorg, layoffs
WEBOct 24, 2023 — The $13.2 billion in underwriting losses was the highest ever – almost three times higher than its 2021 results. (-$4.7 billion). Its operating loss to fell to $8.3 billion for its property ...