THE LIC BULLET E-NEWS ROUND-UP FOR September 8, 2020
Immediate, relevant industry news and editorial from the Life Insurers Council
New Resource for All Bullet Readers
LICConnect hosts online communities for LIC-member CEOs, Operations, Technology, and other senior-level executives. Now all Bullet subscribers have access to the LICConnect platform for LIC E-News. Over the next few months the Bullet will transition to the LIC E-News online community, and by the end of the year it will be delivered entirely in the online community, where you can comment, search, and customize your notification preferences.
Questions? Contact lic@loma.org. |
Equitable Life & Casualty To Become SILAC Insurance Company
Equitable Life & Casualty Insurance Company, a leading provider of fixed and fixed indexed annuities, announced August 31, 2020, that it will be changing its corporate name to SILAC Insurance Company. The transition to the new name will be completed by January 1, 2021.
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Navy Mutual Announces New CEO
Navy Mutual Aid Association announced the selection of retired Rear Admiral Brian Luther, USN as its new President and Chief Executive Officer. He will take the place of Retired Rear Admiral Bruce Engelhardt, USN, who has led Navy Mutual for the past 15 years.
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MIB Announces Milestone Reached
Over 50 Insurers Using EHR Platform
MIB has reached a key milestone in the industry's adoption of electronic health records; it has signed more than 50 U.S. life insurance carriers to use its MIB EHR platform for underwriting.
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LIC Member Investors Preferred Featured in Article Highlighting Fastest Growing Life Companies
In an August 21, 2020 article in Life Annuity Specialist, life insurance companies with at least $50 million in new sales for 2019 were asked what helped drive their sales growth. LIC member Investors Preferred, one of the featured companies, whose sales grew fourfold to $63.8 million, attributed the growth to its expertise in financial planning for high net worth individuals.
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Colonial Life Launches New Coverage for COVID-19
Colonial Life has released a new group critical illness plan with an optional rider that offers a lump sum benefit for hospitalization for treatment of COVID-19 and more than a dozen other infectious diseases such as antibiotic-resistant bacteria, Legionnaires' disease, meningitis, Lyme disease and sepsis.
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Upcoming Events
For more LIC Events visit www.loma.org/LIC/Events.aspx
LIC HR Committee Meeting
Hosted Online by Equitable Life & Casualty
Wednesday, September 30, 2020, 10am-3pm ET
LIC Operations Committee Meeting
Hosted Online by Catholic Life
Wednesday, October 7, 2020, 10am-3pm ET
LIC Technology & Project Management Committee Meeting
Hosted Online by GPM Life
Wednesday, October 14, 2020, 10am-3pm ET
LIC Laws & Legislation Committee Teleconference
Friday, October 30, 2020, 2-3:30pm ET
LIC Preneed Forum - Online
November 18 and 19, 2020, 10am-3pm ET
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LIC Premier Sponsors
LIC's Premier Sponsors provided support to all LIC events throughout 2020.
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About The LIC Bullet
The Bullet is the official e-newsletter of the Life Insurers Council, which has been providing networking and practical business solutions for life insurers since 1910. As a council of LOMA, LIC serves the unique needs of small-to-midsize member companies, offering a personal network of peers with practical solutions to shared challenges. The Bullet delivers immediate and relevant industry news and editorial. As a networking organization, we welcome dialogue and input from our readers – therefore we are transitioning the Bullet to its new home in the LIC E-News online community at LICConnect.
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Audrey Wittenburg ALMI, ACS
Associate Director
LIC
Silver Spring MD
(703) 975-5626
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