Prudential Financial Inc., Newark, N.J., is electronically distributing products through Exton, Pa.-based iPipeline. Using iPipeline's Web-based tools, brokerage general agents can publish Prudential's life, annuity and long-term care products on their agency Web site. iPipeline is an ASP software and content service provider for the life insurance industry, which maintains a life, annuity and LTC database with 100+ participating insurance carriers and more than 1,000 products. This database is accessible through iPipeline's proprietary software.
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Dave North, executive chairman of Sedgwick, will retire on June 30th, but will continue to serve on the company's board of directors.
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Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according to a company spokesperson.
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The Net Zero Insurance Alliance will instead be replaced by the Forum for Insurance Transition to Net Zero (FIT), convened and led by the United Nations Environment Programme, according to a statement on Thursday.
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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