Results for "genworth financial inc"

Displaying 283 results

Sort: Date | Relevance

Author:

Genworth move could signal big shift in distribution of long-term-care insurance

March 14, 2019

Genworth Financial Inc.'s recent decision to halt sales of individual long-term-care insurance policies through brokers and agents and just go directly to consumers could represent an emerging trend among insurers. Genworth, the largest long-term-care...

GE expects $1.7 billion in rate increases for long-term care policies

March 7, 2019

General Electric expects to institute $1.7 billion in premium increases for its long-term care insurance policyholders over the next several years, the company said Thursday, making it the latest of several insurers to raise premiums for customers...

Insurers create pain points for advisers and clients

February 21, 2019

The insurance industry hasn't done itself any favors when it comes to earning the trust of financial advisers and their clients. Insurers have repeatedly frustrated these stakeholders by making business decisions that are seemingly contrary...

Genworth diverts $327 million to shore up long-term-care insurance

February 6, 2019

Genworth Financial Inc., the largest long-term-care insurer by number of policyholders, diverted $327 million before taxes in the fourth quarter in order to shore up the reserves it uses to pay LTC insurance claims. The amount, which came to...

Ohio National stokes adviser fears over annuity trail compensation

October 23, 2018

It's been a few weeks since Ohio National Financial Services Inc.'s bombshell announcement around annuity trail compensation, and financial advisers are still trying to make sense of its implications for them and the broader industry. One question...

States try to beat back rate increases on long-term-care policies

September 13, 2018

States have taken steps to limit the drastic rate increases plaguing the long-term-care insurance market, leading some experts to suggest that these insurance policies are worth a second look for financial advisers and consumers. More than three...

Genworth raises long-term-care insurance costs an average 58%

August 9, 2018

Genworth Financial Inc. received approval from state regulators this year to raise costs an average 58% on some long-term-care insurance policies, affecting tens of millions of dollars' worth of annual insurance premiums the company receives...

GE's long-term-care insurance woes are symptomatic of ailing industry

February 9, 2018

The long-term-care insurance industry is struggling, and executives and analysts have seized on General Electric Co.'s recent travails to illustrate the point. Nearly a month ago, General Electric Co. disclosed a $6.2 billion charge associated...

Filial laws put kids on the hook for parents' health-care costs

November 22, 2017

State laws known as filial responsibility laws have the potential to stick unwitting family members with relatives' hefty long-term-care costs. One of the best-known examples comes from a court case in Pennsylvania, in which a man was ordered...

Advisers face big challenges in helping clients prepare for health-care costs in retirement

September 18, 2016

Health-care costs are the great unknown of retirement. Not only are health expenses rising quickly overall, but medical needs and conditions vary dramatically from person to person. There are several moving parts, from combinations of different...

Pacific Life expands reach in term life insurance market through Genworth acquisition

June 27, 2016

Pacific Life Insurance Co. is moving downstream in the term life insurance market to less affluent investors through an acquisition of Genworth Financial Inc.'s technology platform for new term-insurance business. Completion of the deal, announced...

Genworth to pay $219M to settle securities lawsuit related to long-term-care insurance

March 14, 2016

Genworth Financial Inc. has settled a class-action lawsuit alleging misrepresentations over its long-term-care insurance business for $219 million. Genworth, the largest long-term-care insurance carrier, announced after the market close on Friday...

Genworth doubles down on LTC business in challenging market

February 5, 2016

Genworth Financial Inc. is doubling down on its long-term care business unit amid a challenging market environment that's seen LTC sales dip markedly over the past several years and insurers suffer due to low interest rates. Genworth on Thursday...

Former Cetera owner Don Marron returns to the investment advice business

April 23, 2015

Donald Marron is back in the investment advice business. On Tuesday, Mr. Marron, chairman and founder of private equity investor Lightyear Capital, said the firm had agreed to take a majority stake in Wealth Enhancement Group, an independent...

Genworth Financial struggling under the weight of long-term care costs

March 3, 2015

Here's an uncomfortable question: who's going to pay for mom or dad's nursing home bill — or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney. Mr. McInerney, 58, is the chief executive officer of Genworth...

Genworth eyes new approach to long-term-care insurance rate hikes

May 22, 2014

Plenty of industry observers have questioned the staying power of the long-term-care insurance industry, but one insurance company executive believes that his firm may have cracked the code to get carriers selling again. Tom McInerney, chief...

Indexed annuities gain popularity while rates remain low

February 23, 2014

Indexed annuities, long the black sheep of retirement products, are enjoying a wave of popularity among financial advisers grappling with low interest rates. Indexed annuities are a type of fixed annuity that credits clients' accounts with a...

Yet again, insurance company cuts ties to independent broker-dealer

February 5, 2014

Yet another insurance company has decided to ditch the independent-contractor broker-dealer business, citing as a factor pressures from regulators when a firm sells proprietary products. Steven Palmitier, chief executive of Sammons Securities...

AssetMark adds Finance Logix financial planning software

January 30, 2014

AssetMark Inc. announced Tuesday that it has added Finance Logix financial planning software to its eWealthManager investment platform for financial advisers. The $21-billion-in-assets firm chose Finance Logix because its cash-flow management...

Bill Miller to start fund with son under the family name

December 17, 2013

After three decades of managing money on behalf of Legg Mason Inc. (LM), Bill Miller is going to run a mutual fund under his own name. The Miller Income Opportunity Trust (LMOPX) last week filed with the U.S. Securities and Exchange Commission...

Next Page »

1 | 2 | 3 | 4 | 5 ... 15

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.