Illinois court tosses genetic privacy suit against State Farm Life
An Illinois appeals court dismisses a class action accusing State Farm Life of misusing genetic data, siding with limits tied to health insurers
Life Insurance
Life insurance news provides financial protection for your family in the event of your passing. Your beneficiaries will receive money to use as they see fit, ensuring security in a difficult time. A life insurance policy guarantees the insurer pays a sum of money to named beneficiaries when the insured dies in exchange for the premiums paid by the policyholder during their lifetime. The life insurance application must accurately disclose the insured’s past and current health conditions and high-risk activities to enforce the contract.
U.S. life insurers looking for higher yields and longer-term returns
U.S. life insurers looking for higher yields and longer-term returns have raised their allocations to private credit and Level III assets
NAIC reopens AG 49-A review to tighten life illustration rules
NAIC regulators reopen Actuarial Guideline 49-A, targeting tighter limits on index illustrations and clearer disclosure standards for life insurers
MetLife Q3 profit falls 36% as derivatives losses weigh on results
MetLife posts $818 mn in Q3 profit, down 36% year over year, as derivative losses offset higher investment income and strong Asia sales
New York Life combines asset units into $785bn global platform
New York Life will unite its general account and asset management arms in 2026, forming a $785bn platform spanning public and private markets
Kansas City Life clears class-action consolidation in $45 mn COI case
A Missouri judge approves consolidation of COI class actions against Kansas City Life as part of a $45 mn settlement, with payouts and risks still unfolding
US customer satisfaction in the individual life insurance market looks stable
Customer satisfaction in the individual life insurance market looks stable on the surface this year, but the numbers tell a messier story
Florida bill targets tighter rules for employer-owned life insurance
A new bill in the Florida House of Representatives seeks to tighten and clarify how companies use employer-owned life insurance, setting new consent, disclosure
Modern Life raised $20 mn to scale its AI powered life insurance platform
Modern Life, an AI driven life insurance brokerage trying to reshape how advisors operate, closed a $20mn Series A