This web site needs javascript enabled to work properly. Please enable it to use the full functionality of the web site. Thank You!

Best's News

Best’s News & Research Service subscription required - October 30, 2020 02:32 PM (EDT)

Principal Life to Pay $6 Million to Settle NY Annuity Replacement Charges

Principal Life Insurance Co. has agreed to pay more than $6 million in fines and restitution to settle charges in New York that it failed to properly disclose to consumers the financial impact of . . .

-- This content requires a subscription --

Already a Subscriber?

Log in Register your purchase

Not a Subscriber?

Best's News & Research Service

A subscription includes:

BestDay
Best's News
Best's Review
Best's Research
Best's Special Reports & Commentaries
Best's Rankings
and more...

Receive emails featuring AM Best's news and research
Opt-in

Settlements (Litigation) Annuity Fees New York Life And Annuity Insurers

Reprints & Redistribution

Latest News

SPECIAL REPORT
Best’s Commentary: UAE Insurers Adapt to Changing Weather Trends as Latest Flooding Costs Mount
Apr 18, 2024 12:01 AM (EDT)

PEOPLE IN INSURANCE
Allianz Commercial Names Global Head of Marine
Apr 17, 2024 04:30 PM (EDT)

FRAUD
US Army Financial Counselor Pleads Guilty to Life Insurance Fraud After Preying on Gold Star Families
Apr 17, 2024 04:22 PM (EDT)

MERGERS AND ACQUISITIONS
Fleming Intermediate Completes Contested $277 Million Deal for JRG Re
Apr 17, 2024 04:08 PM (EDT)

BEST'S CREDIT RATING ACTION
AM Best Revises Outlooks to Positive for Echelon Insurance
Apr 17, 2024 04:03 PM (EDT)

More from Best’s News

Trending

1

CRIME
Knight Specialty Insurance: $175 Million Trump Bond Secured; Former President Put Up Collateral
Apr 17, 2024 12:20 PM (EDT)

2

EARTHQUAKES
Verisk Engineer: Recent Minor Seismic Events Remind Earthquakes Can Occur Anywhere
Apr 17, 2024 11:38 AM (EDT)

3

EARNINGS
Travelers First-Quarter Net Income Rises to $1.12B Despite Higher Cat Losses
Apr 17, 2024 11:00 AM (EDT)

4

SPECIAL REPORT
Best’s Special Report: Benefits and Reserves Outpace Revenue Growth, Dampening Earnings for Publicly Traded US Life/Annuity Insurers
Apr 17, 2024 08:03 AM (EDT)

5

SPECIAL REPORT
Best’s Special Report: Heightened Risk Landscape Creates New Challenges for Reserve Management
Apr 16, 2024 07:38 AM (EDT)

1

FINANCIAL CONDITION
R&Q Warns of 'Significant' Loss on Reserve Development, Agrees to JV Sale
Apr 12, 2024 01:32 PM (EDT)

2

EMPLOYEE TERMINATION
Insurance Industry Layoffs: USAA Cuts 220 Positions
Apr 11, 2024 01:57 PM (EDT)

3

PEOPLE IN INSURANCE
Guy Carpenter Hires Partner Re Exec as MD, Credit, Bond and Political Risk, Global Specialties
Apr 11, 2024 11:56 AM (EDT)

4

HOMEOWNERS POLICIES
State Farm Homeowners Nonrenewals Hit Los Angeles Counties
Apr 11, 2024 10:35 AM (EDT)

5

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

1

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

2

CATASTROPHES
Update: Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
Mar 26, 2024 02:11 PM (EDT)

3

BUSINESS INTERRUPTION INSURANCE
Citing Taylor Swift, Court Shreds Metallica's Hope for Recovering COVID Losses
Mar 21, 2024 02:29 PM (EDT)

4

A.M. Best Assigns Ratings to Knight Specialty Insurance Company
Dec 18, 2014 01:26 PM (EST)

5

Three Insurers Win Ruling That WTC Disaster Was One Event
Sep 25, 2002 12:00 AM (EDT)

1

BEST'S CREDIT RATING ACTION
AM Best Downgrades Credit Ratings of State Farm General Insurance Company
Mar 28, 2024 03:36 PM (EDT)

2

CATASTROPHES
Update: Marine Mutual Britannia Confirms Insurance Role in Baltimore Bridge Ship Collision
Mar 26, 2024 02:11 PM (EDT)

3

PEOPLE IN INSURANCE
In Memoriam: Insurance Industry Leaders Who Passed Away in 2023
Dec 29, 2023 11:20 AM (EST)

4

A.M. Best Assigns Ratings to Knight Specialty Insurance Company
Dec 18, 2014 01:26 PM (EST)

5

Three Insurers Win Ruling That WTC Disaster Was One Event
Sep 25, 2002 12:00 AM (EDT)

AM Best TV

Related Companies

AMB#	Company Name
058179	Principal Financial Group, Inc.

BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Principal Financial Group, Inc. and Its Subsidiaries
Mar 27, 2024 09:28 AM (EDT)

EARNINGS
Principal's $871.7 Million Loss Driven by Exiting Businesses
Feb 12, 2024 05:31 PM (EST)

EARNINGS
CFO: Principal Financial Examining Bermuda Entity to Handle Some New Business
Oct 27, 2023 02:59 PM (EDT)

EARNINGS
Principal Financial’s Retirement Business Feels the Secondary Bite of Corporate Mergers
Jul 28, 2023 01:57 PM (EDT)

EARNINGS
Principal Financial Sees Late 2023 Return for Commercial Real Estate Investments, Has $7 Billion Pipeline
Apr 28, 2023 02:37 PM (EDT)

More Related Company News

To Submit News go to - https://www.ambest.com/bestweek/submitnews.html