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NC appeals court deals another blow to Greg Lindberg's crippled …
Mar 5, 2024 · A North Carolina appeals court partially reversed a lower-court ruling today and affirmed liquidation proceedings against insurers once owned by embattled investor Greg Lindberg.
Greg Lindberg ponders appeal as policyholders await June funds …
Mar 8, 2024 · Liquidation to be finalized. The ruling clears the way for liquidation proceedings to continue against the two Bankers Life insurers. "As it stands now, the Order of Liquidation will become ...
‘Excess mortality’ continuing surge causes concerns
Oct 26, 2023 · Excess mortality is the difference between the total number of deaths for a specific time period and the number that would have been expected.
Caught in financial storm, P&C insurers turn to reorg, layoffs
Oct 24, 2023 · GEICO said it was reducing its workforce by about 2,000 employees, or 6% of its total. “This will allow us to become more dynamic, agile, and streamline our processes while still serving our ...
Insurance polices adding ‘insurrection,’ ‘riots’ as exclusions
Jan 22, 2024 · Uncertainty regarding restrictiveness “The exact language in policies will determine coverage,” Zupnick said. “So, while ‘insurrection’ as a specified exclusion is increasingly standard ...
Jackson National Completes Separation From Prudential plc
Sep 13, 2021 · On June 18, 2020, Jackson entered into an agreement with Athene Holding to fully reinsure $27.6 billion of the company’s in-force book of fixed and fixed index annuity liabilities in exchange ...
The impact of telematics on automotive insurance
Jan 19, 2024 · Insurers provide two main types of telematics-based plans to their clients, and those plans are based on different monitored metrics. Usage-based: Insurance software assesses driver risk levels ...
Policyholders wait as Greg Lindberg insurers remain stuck in ...
Jul 7, 2022 · According to court documents, the four insurers say they face shortfalls of more than $1 billion and that policyholders could take "severe losses” before the receivership is completed.
NC regulators release $1.2B from former Lindberg insurers in ...
Sep 15, 2023 · Regulators are releasing 25% of funds due to policyholders of Colorado Bankers Life Insurance Co. and Bankers Life Insurance Co. The withdrawal program is already underway, regulators said.