South Carolina regulators are seeking to take control of Atlantic Coast Life Insurance, alleging that the company’s high risk investments could threaten the retirement income of thousands of policyholders. The company disputes the allegations and says it remains financially sound, but the situation highlights the importance of strong oversight in the life insurance industry. Dr. Robert Hartwig, a University of South Carolina finance professor and director of the Risk and Uncertainty Management Center, said, “If the Department of Insurance allegations prove true and the company is allowed to keep operating this way, tens of thousands of people could see their retirement income disappear.” To read more about the story, click here.