California Insurance Commissioner brings legal action to protect thousands of policyholders from life insurance limbo

(Sacramento, CA – Insurance News 360) – Insurance Commissioner Dave Jones has served Accordia Life and Annuity Company and Athene Annuity and Life Company with an Order to Show Causation and Accusation after the companies failed to provide service  and benefits to more than 50,000 California consumers After more than 100 complaints from customers who […]

Lloyd’s Corporation requires mandate for electronic placement

(London, UK – Insurance News 360) – After extensive discussions with members of the Lloyd’s market, the Lloyd’s Market Association (LMA), the London & International Insurance Brokers’ Association (LIIBA) and the International Underwriting Association (IUA), Lloyd’s Corpoation will require syndicates to write at least 10 percent of risks electronically. By the fourth quarter, the requirement […]