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1 through 20 of 93 matching documents, best matches first.   Sort by date

LPL Financial Facing Potential Class Action Tied to PHL Variable Sales
Commissioner Josh Hershman (BestWire, July 7, 2026). In 2009, then-Phoenix saw its credit ratings downgraded. This moved LPL Financial to remove the company from its recommendation ...
Source: BestWire   Date: July 24, 2026
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PHL Variable Liquidation Expected for 2027, Rehabilitator Says
Requests for proposals to assume guaranteed blocks of business controlled by insolvent PHL Variable Insurance Co. are expected in the third quarter and liquidation is expected to ...
Source: BestWire   Date: July 7, 2026
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Court Grants PHL Policyholders Limited Intervention, Rejects ‘Premium Holiday' Request
Connecticut Insurance Commissioner Josh Hershman. The group that was granted limited intervention consists of "over-the-cap" policyholders, or those with contracts are valued at ...
Source: BestWire   Date: April 17, 2026
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PHL Rehabilitator Readying Liquidation Plan as Buyer Search Continues
Planning for the transition to liquidation of PHL Variable Insurance Co. is underway, according to the rehabilitator, which is still seeking a buyer as part of the plan. In ...
Source: BestWire   Date: April 2, 2026
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Additional PHL Policyholders Attempting to Intervene in Rehabilitation
Nassau disputes this allegation, the filing said. The motion said the current order of liquidation would harm 40% of the OTC universal life policyholders. While guaranty ...
Source: BestWire   Date: March 13, 2026
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PHL Rehabilitator: No Emergency Exists to Support Policyholder Intervention Request
The rehabilitator overseeing the liquidation of PHL Variable Insurance Co. said there is no emergency that would support a group of policyholders' request to intervene in the ...
Source: BestWire   Date: February 26, 2026
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PHL Variable Policyholders Seek Intervention Ahead of Liquidation
A group of universal life policyholders is seeking to intervene in the liquidation of PHL Variable Insurance Co., alleging they stand to lose substantial sums of money despite ...
Source: BestWire   Date: January 30, 2026
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PHL Rehabilitator: Pure Rehab Plan Unfeasible, Liquidation Unavoidable
The current rehabilitation plan for PHL Variable Insurance Co. is unworkable and would result in policyholders receiving less than they would from a guaranty association through a ...
Source: BestWire   Date: January 6, 2026
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Lawsuit Accuses State Farm of Hiding Dire Financial Condition of PHL Variable, Parent
State Farm Automobile Mutual Insurance Co. is facing a potential class-action lawsuit claiming its agents failed to warn and concealed material facts about the deteriorating ...
Source: BestWire   Date: December 4, 2025
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Rehabilitator: PHL Variable Buyer Decision Could Come Before Year's End
The sales process for PHL Variable Insurance Co. has drawn nonbinding indications of interest from six parties to purchase all or blocks of the distressed life insurance and ...
Source: BestWire   Date: December 2, 2025
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PHL Variable Rehabilitator Files Moratorium Modification as Full Benefits Unlikely to Materialize
... Policyholders would have 45 days to decide. In a separate motion, policyholder SWS Holdings Inc. filed to intervene in this case and become a full party to the lawsuit, but the ...
Source: BestWire   Date: July 23, 2025
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Connecticut Regulator Seeks Multiple Options for PHL Variable Policyholders
Superior Court to modify a moratorium on PHL Variable Insurance Co. policies to address concerns by policyholders about access to funds and continuing payments in the face of ...
Source: BestWire   Date: July 8, 2025
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Connecticut Regulator Advances PHL Variable Sale as Part of Rehabilitation
The actions needed to market and sell PHL Variable Insurance Co. or blocks of its business are primarily completed, despite taking longer than anticipated, Connecticut Insurance ...
Source: BestWire   Date: May 22, 2025
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Conn. Commissioner, PHL Variable Investors Disagree on Death Benefit Premium Offset Rules
Policyholders and investors of distressed PHL Variable Insurance Co. want to use unpaid death benefits from matured policies to pay off premiums for in-force policies, a move being ...
Source: BestWire   Date: April 17, 2025
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 2024 Best’s Rankings: U.S. Total Life - Industry's total Life In Force Increased 4.5%   Set up an alert from the report page
This Best's Ranking includes the top 100 insurers ranked by 2023 total life business in force.
 Data
Source: Rankings   Date: July 12, 2024
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 2024 Best’s Rankings: U.S. Life/Health - Industry's Group Life in Force Increased 8.1%   Set up an alert from the report page
This Best's Ranking includes the top 100 insurers ranked by 2023 group life business in force.
 Data
Source: Rankings   Date: July 12, 2024
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 2024 Best’s Rankings: U.S. Ordinary Life - Industry's Ordinary Life in Force Increased 2.3%   Set up an alert from the report page
This Best's Ranking includes the top 100 insurers ranked by 2023 ordinary life business in force.
 Data
Source: Rankings   Date: July 12, 2024
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 2024 Best’s Rankings: U.S. Term Life - Industry's Term Life in Force Increased 1.7%   Set up an alert from the report page
This Best's Ranking includes the top 100 insurers ranked by 2023 term life business in force.
 Data
Source: Rankings   Date: July 12, 2024
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Update: Connecticut Commissioner Orders PHL Variable Insurance Into Rehabilitation
May 20 by the Connecticut Insurance Department. The CID said the companies are in a "hazardous financial condition." In aggregate, their capital and surplus is approximately ...
Source: BestWire   Date: May 29, 2024
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 2023 Best’s Rankings: U.S. Life/Health - 2023 Asset Distribution Industry’s Net Yield On Invested Assets Decreased to 4.00%
This Best's Ranking report presents the top 100 U.S. life/health insurers ranked by 2022 total admitted assets.
 Data
Source: Rankings   Date: August 11, 2023
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