U.S. Life Insurance Premium Up 1% In 2018, Policy Count Flat

Life insurance sales are stagnant. From Wire Reports Total U.S. individual life insurance new annualized premium (premium) increased 1 percent in 2018, compared with 2017 results, according to the LIMRA U.S. Retail Individual Life Insurance Sales Survey. This represents the fifth year of growth in premium for U.S. life insurance. The study reported fourth quarter […]

NYC Woman Collected $1.2M Insurance Policy After 1996 Murder, Prosecutors Say

New York Daily News, The (NY) Jan. 29–The stepmom of slain businessman Howard Pilmar said the victim’s wife — on trial for his murder after 23 years — was matter-of-fact when she called his father in Arizona with the tragic news. “She said Howard was the victim of a homicide,” Carol Pilmar told jurors on […]

U.S. Signs Covered Agreement with U.K., Issues Policy Statement

The U.S. Treasury Department and the Office of the U.S. Trade Representative have signed a covered agreement governing insurance and reinsurance regulation with the United Kingdom ahead of Brexit and issued a policy statement outlining its key provisions. The federal agencies announced their intent to sign a bilateral agreement on prudential measures regarding insurance and […]