Tag

Life Insurance

All articles tagged with #life insurance

investigations12 days ago•49 min saved

The Quiet Giant: Sammons’ Hidden Guggenheim Ties in a $130B Insurance Web

A deep-dive reveals how Sammons Enterprises, owner of roughly $130 billion in Sammons Financial Group assets, quietly restructured its Guggenheim stake to label the firm as unaffiliated while continuing to rely on Guggenheim-managed investments. The piece links the arrangement to federal probes into Mark Walter’s TWG-linked insurers and shows how shifting disclosures, loans, and cross-ownership may expose policyholders to related-party risk, prompting questions about transparency and regulators’ concerns.

via Hunterbrook|

#guggenheim #investigations #life-insurance

entertainment15 days ago•10 min saved

Warner Family Tragedy Deepens: Widow Seeks Support as Estate Debacle Unfolds

More than a year after Malcolm-Jamal Warner’s death from accidental asphyxia, his widow Tenisha and their nine-year-old daughter face mounting financial strains — including a lawsuit over a premarital agreement and a pending life-insurance dispute — prompting a friend to launch a GoFundMe to help cover housing repairs and ongoing estate costs as Tenisha continues to homeschool their daughter.

via The Root|

#entertainment #estate-planning #gofundme

business1 month ago•1 min saved

Allianz inks SGD 2.7B deal to acquire HSBC Singapore life unit with 15-year distribution pact

Allianz Group will acquire HSBC’s Singapore life insurance unit for 2.7 billion Singapore dollars ($2.09 billion) and secure a 15-year exclusive distribution deal with HSBC Singapore, aiming for a double-digit ROI and closing in the first half of 2027; the move expands Allianz’s Asia life/health footprint, with HSBC Life Singapore posting 80 million euros operating profit in 2025.

via CNBC|

#acquisition #allianz #business

crime2 months ago•4 min saved

Former Utah pastor charged with murder and insurance fraud in 2006 Zion National Park death

A former youth pastor, David Vander Meer, was arrested on murder and insurance-fraud charges in the 2006 death of his wife, Bernadette, at Zion National Park. Investigators allege he staged the accident, increased life-insurance coverage before her death, and collected about $567,000 after it was ruled an accident; the case was reopened in 2022 after new witness statements cast doubt on the ruling. Bail was set at $100,000 as Vander Meer awaits his initial court appearance. The investigation also includes allegations that Vander Meer had sexual relationships with underage members of his former youth group, adding a separate layer to the case.

via LiveNOW from FOX|

#crime #david-vander-meer #insurance-fraud

business5 months ago•7 min saved

Epic Games pledges life-insurance fix for laid-off employee with terminal brain cancer after mass layoffs

Epic Games laid off over 1,000 employees, including veteran programmer Mike Prinke who has terminal brain cancer. His wife publicly shared their financial fears. CEO Tim Sweeney apologized and said Epic would solve the life-insurance issue for the family, noting confidentiality around medical information. By March 29 the company was reportedly in the process of resolving the coverage, following criticism of leadership amid Fortnite’s downturn and the mass layoff wave.

via Eurogamer.net|

#business #epic-games #layoffs

business5 months ago•2 min saved

Epic Games CEO apologizes after layoffs cut off life insurance for terminally ill employee

Epic Games CEO Tim Sweeney apologized after a mass layoff of more than 1,000 employees left a terminally ill worker without life insurance; the company said it will resolve the insurance issue and extend health coverage, while explaining cuts were driven by Fortnite’s downturn. The layoffs included severance of at least four months’ base pay and six months of health coverage for US staff, along with accelerated stock options as Epic refines its cost structure.

via The Guardian|

#business #epic-games #fortnite

business5 months ago•3 min saved

Epic's Mass Layoffs Leave Cancer-Stricken Programmer Uninsured, CEO Promises a Fix

Epic Games laid off more than 1,000 employees, including Mike Prinke, a programmer writer who is battling terminal brain cancer and has lost his life insurance due to the layoff and his pre-existing condition. His family is scrambling to secure new coverage as Epic says it will 'solve the insurance,' with the company already offering severance and extended health care during the process.

via Rock Paper Shotgun|

#business #epic-games #layoffs

business5 months ago•14 min saved

Epic Games Vows Insurance Rescue After Layoff Strands Terminally Ill Employee

Epic Games laid off more than 1,000 employees to cut costs; terminally ill programmer Mike Prinke reportedly lost his life insurance due to the layoff, prompting Tim Sweeney to pledge that Epic will 'solve the insurance' for the family and be in contact, highlighting ongoing concerns about employer-based health coverage in the US.

via Push Square|

#business #epic-games #healthcare

business5 months ago•15 min saved

Epic Layoffs Leave Terminally Ill Employee Without Life Insurance

Epic Games laid off more than 1,000 workers, including Mike Prinke, a programmer with terminal brain cancer; the layoff would cause his life insurance to lapse, forcing his family to seek new coverage despite a pre-existing condition. Epic later said it is in contact with the family and will resolve the insurance issue, emphasizing that medical information was not a factor in the layoff.

via Kotaku|

#business #epic-games #fortnite

crime5 months ago•6 min saved

Utah Woman Convicted of Murder in Fentanyl-Laced Death of Husband

A Utah jury found Kouri Richins guilty of first-degree aggravated murder, attempted aggravated murder, forgery and insurance fraud in the 2022 fentanyl-poisoning death of her husband, Eric Richins. Prosecutors alleged she killed him for financial gain, forged life-insurance paperwork, and staged an alibi, while the defense argued the death may have been an allergic reaction with insufficient evidence of foul play. Sentencing is set for May 13, with a potential sentence of 25 years to life.

via USA Today|

#crime #fentanyl #life-insurance

culture6 months ago•469 min saved

Tess Holliday Calls Out Weight Bias After Life Insurance Denial

Tess Holliday said on TikTok that a life-insurance company denied her coverage because of her weight, highlighting ongoing weight bias in healthcare. The Cut notes anecdotes and a 2024 study showing stigma in medical settings, and mentions Holliday’s plan to relaunch the Eff Your Beauty Standards campaign to defend bodily autonomy.

via The Cut|

#body-positivity #culture #fatphobia

crime6 months ago•6 min saved

Utah Mom Accused of Fentanyl Murder to Inherit Millions

Prosecutors say Utah children's author Kouri Richins killed her husband with fentanyl in March 2022 to access a estate worth more than $4 million and cover debt, facing nearly three dozen charges including aggravated murder; the defense argues she’s innocent and highlighted the 911 call to portray a wife reacting to a sudden death, as the high-profile trial in Park City proceeds through March 26 with witnesses such as a housekeeper and Richins’ alleged lover.

via CBS News|

#crime #fentanyl #kouri-richins

culture7 months ago•7 min saved

Cash Before Death: The AIDS-Era Viatical Settlement Story

The Oscar-shortlisted documentary Cashing Out traces how viatical settlements—private investors buying dying AIDS patients’ life-insurance policies for cash—shaped a morbid market, told through Greg and Scott Page and activists like DeeDee Chamblee; it reveals the relief and dignity it offered some, the costs for others, and how antiretroviral therapy shifted fortunes, highlighting ongoing healthcare precarity and systemic inequality.

via The Guardian|

#aids-crisis #culture #documentary-film

crime1 year ago•2 min saved

Wisconsin Kayaker Allegedly Fakes Death, Flees to Europe

A Wisconsin man, Ryan Borgwardt, is suspected of faking his own death during a kayaking trip and fleeing to Europe. Authorities found evidence of his passport use post-disappearance, a new life insurance policy, and financial transfers to a foreign account. His kayak and belongings were left behind, but no body was recovered. Investigators believe he is alive in Eastern Europe and are considering charges for obstruction and fraud. His family is cooperating with the investigation.

via BBC.com|

#crime #europe #faked-death

crime1 year ago•2 min saved

Wisconsin Kayaker Suspected of Faking Death and Fleeing Abroad

Ryan Borgwardt, a Wisconsin kayaker, allegedly faked his own death after taking out a $375,000 life insurance policy and possibly fled overseas, potentially to join a woman in Uzbekistan. His disappearance led to extensive search efforts, but investigations revealed he had planned his escape, including obtaining a second passport and attempting to transfer funds abroad. Authorities, including the FBI and Department of Homeland Security, are involved in locating him and any accomplices. Borgwardt's family, including his wife who had suspected the deception, are cooperating with the investigation.

via The Guardian US|

#crime #faked-death #investigation