Latest Life insurance providers News

Judge OKs $5.4M settlement over Transamerica retirement plan

Nov. 23, 2021 18:30 PM EST

A federal judge has approved a $5.4 million settlement between Transamerica and its current and former employees who accused the company of offering several poor performing investments in its employee retirement plan. The money will be divided up between roughly 24,000...

Company sues mom of dead boys over husband's life insurance

Nov. 16, 2021 18:18 PM EST

GAINESVILLE, Fla. (AP) — An insurance company is suing the mother of two boys killed by her estranged husband over a $4 million life insurance payout which claims she may not have been legally entitled to receive. Meanwhile, she is trying to collect $10 million from her husband’s estate....

Insurer to pay $625,000 to settle deceptive practices claims

Nov. 01, 2021 11:08 AM EDT

BOSTON (AP) — An insurance company has agreed to pay $625,000 to settle allegations that it used deceptive and illegal practices to sell health insurance plans to Massachusetts residents, the state attorney general's office said Monday. Under terms of the settlement,...

WVa Public Employees Insurance Agency exec director retiring

Sep. 30, 2021 04:09 AM EDT

CHARLESTON, W.Va. (AP) — The executive director of the West Virginia Public Employees Insurance Agency is retiring at the end of October. Ted Cheatham announced his plans to retire effective Oct. 29. Cheatham was appointed in 2006 to oversee the...

The freelancing boom may change how you buy life insurance

Sep. 15, 2021 09:55 AM EDT

Younger generations seem to have a knack for disrupting the status quo, and life insurance may be next on the list. As Generation Z and millennial workers challenge the concept of a traditional career and drive an increase in freelancing, the role of workplace group life insurance in...