Best Practice: Dealing with Data Breaches A new report from the Government Accountability Office reviews the lessons learned from data breaches at government agencies – lessons that insurers can easily apply to their own policies and procedures....
American Equity Will Fight Minnesota Allegation It Makes Unsuitable Sales to Senior Consumers The Minnesota attorney general’s office has charged American Equity Investment Life, with making unsuitable sales of long-term annuities to senior investors. But the company, which has helped to develop strong suitability standards for the industry, is insisting that it has done nothing wrong....
State Bars Company for Improper Approach The Delaware Insurance Department has barred an Ohio company from doing business in the state because of its questionable annuity sales practices....
New BD Regulator Will Tailor Oversight to Size, Type of Firm There won’t be significant change in the regulation of insurer-affiliated broker-dealers this year, but the new federal regulator will approach oversight differently once the reorganization is complete....
A viatical settlement company has lost its argument before a federal appeals court that would have allowed it to evade state laws governing the transactions....
