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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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AM Best: Best's Impairment Rate, Rating Transition Study – 1977 to 2025
Best rated companies became impaired in 2025. Following is an edited transcript of the interview. View the video version of this interview here. Q: Tell us about the scope of this ...
Source: BestWire   Date: July 10, 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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Continental General in Second Acquisition of Life Blocks From State Guaranty Associations
Continental General Insurance Co. said it has completed the acquisition of a block of insurance and annuity policies issued by Southland National Insurance Corp. from the state ...
Source: BestWire   Date: June 2, 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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Missouri Regulator Puts Cornerstone National Insurance in Rehabilitation
Cornerstone National Insurance Co. entered rehabilitation, and Missouri Department of Commerce and Insurance Director Angela Nelson was named the court appointed receiver. The ...
Source: BestWire   Date: January 5, 2026
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Lindberg Special Master: First Payments to Victims Nearing Deployment
Irish taxes and Triton closing costs, the status report said. The special master also said a group of companies, referred to as Beckett in the status report, was sold by its parent ...
Source: BestWire   Date: December 22, 2025
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JAB Insurance Signs Agreement to Acquire Columbian Mutual Amid Rehabilitation Plan
Columbian Mutual Life Insurance Co. and Illinois subsidiary Columbian Life Insurance Co., both of which are in rehabilitation in their respective states. The purchase agreement, ...
Source: BestWire   Date: November 18, 2025
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Georgia’s Superior Court of Fulton County Orders Liquidation of Medicare Advantage-Focused Sonder Health Plans
https://bestsreview.ambest.com/edition/2025/november/index.html#page=78
Source: Best's Review   Date: November 1, 2025
Best's News: AM Best: Asia in Focus – A Two-Way Street for Reinsurance Diversification
Lim discuss the research. Also in this week's Best's News: - One of the biggest runs of losses ever, a soft market, and a fragmented trade environment have created challenges for ...
Source: BestWire   Date: September 19, 2025
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Texas Court Finds New Century Insurance Insolvent, Orders Liquidation
New Century Insurance Co. has been deemed insolvent and placed into liquidation. Travis County District Court on Sept. 3 named Texas Insurance Commissioner Cassie Brown as the ...
Source: BestWire   Date: September 15, 2025
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Georgia Court Orders Liquidation of Medicare Advantage-Focused Sonder Health
Sonder Health Plans Inc. will go into liquidation on Oct. 1, at which time the company's Medicare Advantage, chronic special needs and dual eligible special needs plans will be ...
Source: BestWire   Date: August 21, 2025
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Mergers, Acquisitions, State Actions and Name, Ownership and Domiciliary Changes
https://bestsreview.ambest.com/edition/2025/march/index.html#page=79
Source: Best's Review   Date: March 1, 2025
Fiscal Fitness & AM Best
https://bestsreview.ambest.com/edition/2025/january/index.html#page=58
Source: Best's Review   Date: January 1, 2025
North Carolina High Court Clears Way for Liquidation of Lindberg-Connected Life Insurers
Colorado Bankers Life Insurance Co., according to North Carolina Insurance Commissioner Mike Causey. Southland and the Bankers Life imprints are owned by GBIG Holdings LLC, which ...
Source: BestWire   Date: August 28, 2024
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