Displaying 12 results
Pacific Life to pay $3 million for doing unlicensed business
New York says insurer improperly engaged in pension risk transfer business.
Insurance executives push House to add annuity provision to tax reform bill
Insurance executives back measure making it easier to add lifetime income features to workplace savings plans.
Pacific Life swims against the tide in the indexed annuity market
Analysts say the insurer is the only one to guarantee its cap rates during the contract surrender period, a boon for investors but potentially opening it up to more risk.
Pacific Life expands reach in term life insurance market through Genworth acquisition
The insurer is trying to expand outside the affluent market with the purchase of a tech platform.
MetLife launches first longevity annuity for individual clients’ retirement accounts
Latest product comes as qualified longevity annuity contracts look for a place in retirement accounts.
Broker-dealers face administrative hurdles in rollout of QLAC annuity
Confusion remains over who ensures the contract purchase meets Treasury's guidelines.
Former Pimco parent Pacific Life moves accounts to Janus
Pacific Life Insurance Co., the insurer where Pimco was started as a bond unit in 1971, is moving money from Bill Gross's old firm to Janus Capital Group, which the bond legend joined last month.
Variable annuity players join the fixed indexed annuity fray
Carriers that have been stalwarts in the variable annuity industry are trying their hand at manufacturing and selling fixed indexed annuities.
California insurance czar probes 10 insurers over lapsed policies
A slate of major life insurers — the 10 largest doing business in California — are under investigation for the way they handle dormant life insurance policies
Sales of fixed annuities trail off in the third quarter
Sales of fixed annuities fell during the third quarter to $21.9 billion, reflecting a decline of 21% from the year-ago period, according to data from Beacon Research.
Pacific Life takes a punch at LPL over potentially millions in lawsuits
LPL Investment Holdings Inc. and Pacific Life Insurance Co. are staring each other down over which firm will have to pony up the potentially millions of dollars in claims stemming from fraud suits against a rogue broker from one of the three independent-contractor firms LPL acquired from Pac Life two years ago.
LPL suit: Pac Life ducking liability for rogue brokers
LPL Holdings Inc. and three broker-dealer subsidiaries have sued Pacific Life Insurance Co., claiming the latter is in breach of contract and trying to duck paying potentially millions of dollars of settlements and awards stemming from rogue brokers.
