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Posted: June 30th, 2008, 3:43pm CDT
State-run UCO Bank is putting its proposed non-life insurance business on hold, as it believes time is not appropriate for such a venture.
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Posted: June 30th, 2008, 3:42pm CDT
(ARA) - If you have been thinking about buying term life insurance, now's a great time to start shopping because life insurance companies are competing for the lowest term life insurance rates. Rates are expected to continue to decrease throughout 2008.
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Posted: June 30th, 2008, 10:26am CDT
DLF Pramerica Life Insurance Co. Ltd. (DPLI), a joint venture between DLF, a leading real estate development company in India, and Prudential Financial, Inc. (PFI) (NYSE:PRU), a financial services leader headquartered in the United States, today announced that it has been granted an R3 license by the Insurance Regulatory Authority of India (IRDA), allowing DPLI to start life insurance operations ...
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Posted: June 30th, 2008, 10:05am CDT
NEW DELHI, India----DLF Pramerica Life Insurance Co. Ltd. , a joint venture between DLF, a leading real estate development company in India, and Prudential Financial, Inc. , a financial services leader headquartered in the United States, today announced that it has been granted an R3 license by the Insurance Regulatory Authority of India , allowing DPLI to start life insurance operations in ...
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Posted: June 30th, 2008, 9:10am CDT
Ted Mathas tomorrow assumes the position of chief executive officer of New York Life Insurance Company, the largest mutual life insurance company in the United States with 15,000 employees and 50,000 agents worldwide, and more than $280 billion in assets under management.
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Posted: June 30th, 2008, 9:05am CDT
TORONTO, June 30, 2008 -- Foresters, a leading fraternal benefit society, today launched Armor universal life insurance that offers lifetime lapse protection to help its U.S. members and prospective members in the middle market achieve financial security.
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Posted: June 30th, 2008, 8:18am CDT
Seeing the value in life insurance is often, as is the case with many intangible goods, somewhat difficult at first glance.
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Posted: June 30th, 2008, 7:00am CDT
State-run UCO Bank has decided to put its proposed foray into non-life insurance business on hold, Chairman and Managing Director S K Goel said.
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Posted: June 30th, 2008, 5:45am CDT
The Nigerian Insurance Association (NIA) has called for the enforcement of sections 9(3) and 4(1)(b) of the Pension Reform Act 2004 which stipulates a mandatory life insurance policy for public servants employees and life annuity at retirement.
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Posted: June 30th, 2008, 5:30am CDT
AEGON Religare Life Insurance Co, a joint venture between financial services institutions Religare and the Netherlands-based AEGON, today got Insurance Regulatory & Development Authority (IRDA) approval to operate in the life insurance space.
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Posted: June 30th, 2008, 4:31am CDT
MUMBAI, June 30 (Reuters) - Aegon Religare Life Insurance Co Ltd said on Monday it has received the final approval from the Insurance Regulatory and Development Authority to launch its operations in India.
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Posted: June 30th, 2008, 4:31am CDT
MUMBAI, June 30 (Reuters) - Aegon Religare Life Insurance Co Ltd said on Monday it has received the final approval from the Insurance Regulatory and Development Authority to launch its operations in India.
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Posted: June 29th, 2008, 4:54am CDT
Gulf Bank has partnered with American Life Insurance Company (ALICO) to provide the most comprehensive and cost effective family travel insurance policy in the country.
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Posted: June 29th, 2008, 2:05am CDT
It's been eight years since Donna Reese could afford to provide health insurance to her five employees. Back then, it cost the owner of General Exterminating $300 per employee per month. Now it would be more than double that amount.
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Posted: June 28th, 2008, 9:57pm CDT
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.
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Posted: June 28th, 2008, 5:21am CDT
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.
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Posted: June 28th, 2008, 12:52am CDT
The Supreme Court on Friday refused to hear the case of a Houston woman who was denied $426,000 in life insurance proceeds.
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Posted: June 27th, 2008, 8:50pm CDT
The Guardian Life Insurance Company of America has hired Richard Jones as the new senior vice president and chief communications officer of the firm.
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Posted: June 27th, 2008, 8:50pm CDT
The Guardian Life Insurance Company of America has announced new disability income initiatives that will benefit small business owners.
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Posted: June 27th, 2008, 1:35pm CDT
WASHINGTON -- The Supreme Court today refused to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law did not entitle her to sue for compensation. ...
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Posted: June 27th, 2008, 11:04am CDT
NEW YORK----Fitch Ratings Updates Quantitative Ratings on U.S. Life Insurance Companies Fitch Ratings has updated the Quantitative Insurer Financial Strength ratings assigned to life insurance companies in the U.S., resulting in 203 rating affirmations, 24 rating upgrades, and 15 rating downgrades.
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Posted: June 27th, 2008, 11:00am CDT
The Supreme Court on Friday refused to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law does not entitle her to sue for compensation.
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Posted: June 27th, 2008, 10:26am CDT
WASHINGTON - The Supreme Court refused today to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law does not entitle her to sue for compensation.
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Posted: June 27th, 2008, 9:39am CDT
Fitch Ratings has withdrawn its quantitative insurer financial strength (Q-IFS) rating on Industrial-Alliance Pacific Life Insurance Company U.S. Branch. The company no longer meets Fitch's criteria to be eligible to receive a Q-IFS rating.
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Posted: June 26th, 2008, 7:35pm CDT
AXA Equitable Life Insurance Company has elected Andrea Nitzan as its new senior vice president of expense management.
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Posted: June 23rd, 2008, 6:40pm CDT
Fitch Downgrades Security Benefit Life Insurance Company
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Posted: June 23rd, 2008, 6:24pm CDT
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of Security Benefit Life Insurance Company (SBLIC) and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York (FSBLIANY), collectively referred to as Security Benefit, to 'BBB-' from 'A'. The short-term IFS of SBLIC has also been downgraded to 'F3' from 'F1'. The ratings remain on Rating Watch ...
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Posted: June 23rd, 2008, 5:56pm CDT
CHICAGO----Fitch Ratings has downgraded the Insurer Financial Strength ratings of Security Benefit Life Insurance Company and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York , collectively referred to as Security Benefit, to 'BBB-' from 'A'.
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Posted: June 23rd, 2008, 5:30pm CDT
Colonial Life & Accident Insurance Company has set up dedicated phone lines to make it easier for customers affected by the flooding in the Midwest to get support from the company.
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Posted: June 23rd, 2008, 12:52pm CDT
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.
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Posted: June 23rd, 2008, 10:48am CDT
The Prudential Life Insurance Company has been approved for membership at Federal Home Loan Bank of New York .
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Posted: June 23rd, 2008, 5:20am CDT
New York Life Insurance Company has hired Jon Stenberg as a new senior vice president in its individual life department, reporting to Scott Berlin, senior vice president in charge of the department.
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Posted: June 23rd, 2008, 2:37am CDT
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.
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Posted: June 23rd, 2008, 12:06am CDT
DEAR DAVE •My life insurance agent recently sold me a universal life policy. When I mentioned your name and asked if term life insurance was better, he laughed and said term insurance is horrible. I'm a little confused right now. What's the truth here? Guy DEAR GUY • The truth is that universal life insurance is one of the worst financial products on the planet. You need to find yourself ...
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Posted: June 22nd, 2008, 1:31am CDT
If you decide that selling a life-insurance policy making a life settlement deal is your best option, you want to ensure you negotiate a fair deal. To get a ballpark estimate, use the free tool at policysettlement.com. But that's just a start.
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Posted: June 8th, 2008, 1:36am CDT
(ARA) - When people undergo a major life change it can be exciting, but it can also be scary. Maybe you recently got a new job and need to move to a new state. Perhaps you got married and are starting a new life together. Possibly you purchased your first car or even your first home.
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Posted: June 7th, 2008, 9:35pm CDT
China Post Group, the business entity in charge of mail, delivery services and postal saving banks, has been approved by the country's insurance regulator to set up a life insurance company. Feng Xinsheng, executive deputy general m ...
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Posted: June 7th, 2008, 6:51pm CDT
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.
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Posted: June 7th, 2008, 3:09pm CDT
Bhubaneswar, Jun 07 (UNI) SBI Life Insurance Company will launch a health insurance product in the country through State Bank Group branches in a couple of months, its Managing Director cum CEO U S Roy said.
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Posted: June 7th, 2008, 2:20am CDT
TIANJIN -- China Post Group, the business entity in charge of mail, delivery services and postal saving banks, has been approved by the country's insurance regulator to set up a life insurance company.
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Posted: June 6th, 2008, 8:37am CDT
ING Vysya Life, the private insurance company, plans to enter the micro-insurance sector. It has filed for the product with the Insurance Regulatory Development Authority (IRDA) and is awaiting its approval for launching the product.
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Posted: June 6th, 2008, 8:30am CDT
Aviva USA, part of Aviva plc, the fifth-largest insurance group in the world, today invited its current and prospective agents to visit the company's private island in Internet-based virtual world Second Life. Aviva is the first life insurer to develop an island as a venue for agent recruitment, education and training. The company is evaluating how it might also use its presence in Second Life ...
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Posted: June 6th, 2008, 8:00am CDT
DES MOINES, Iowa----Aviva USA, part of Aviva plc, the fifth-largest insurance group in the world, today invited its current and prospective agents to visit the company's private island in Internet-based virtual world Second Life.
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Posted: June 6th, 2008, 5:14am CDT
The National Western Life Insurance Company has named John Ptaszynski as the new chief underwriter of the companys domestic life insurance underwriting division.
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Posted: June 5th, 2008, 9:47pm CDT
(ARA) - If you have been thinking about buying term life insurance, now's a great time to start shopping because life insurance companies are competing for the lowest term life insurance rates. Rates are expected to continue to decrease throughout 2008.
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Posted: June 5th, 2008, 8:56pm CDT
JERNEH ASIA - via its 40% associate GENERALI ASIA nv - will start its life insurance business in Indonesia - its third overseas market after the Philippines and Thailand - by end 2008.
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Posted: June 5th, 2008, 7:00am CDT
NEW ORLEANS----Pan-American Life Insurance Group announced today their endowment to support the community-wide Botero exhibition, "The Baroque World of Fernando Botero," at the New Orleans Museum of Art , as the signature sponsor through its commitment to the state of Louisiana and the Latin American community.
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Posted: June 5th, 2008, 12:43am CDT
FINANCIAL services group Sanlam yesterday reported a 9% growth in total new business volumes for the four months to the end of April. The growth was due substantially to some 30% growth experienced in new life insurance business.
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Posted: June 4th, 2008, 2:47pm CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of B++ and issuer credit rating of "bbb" of Sentinel Security Life Insurance Company [OTCBB: SENI ]. The outlook for both ratings is stable.
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Posted: June 4th, 2008, 10:19am CDT
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.
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Posted: June 4th, 2008, 1:59am CDT
04 June 2008 Life insurance premiums are set to increase by 13 per cent annually, reflecting rising demand and a growing population, Business Monitor International (BMI) said in its Bahrain Insurance Report 2008.
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Posted: June 3rd, 2008, 6:00pm CDT
(ARA) - If you have been thinking about buying term life insurance, now's a great time to start shopping because life insurance companies are competing for the lowest term life insurance rates. Rates are expected to continue to decrease throughout 2008.
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Posted: June 3rd, 2008, 3:29pm CDT
At the Annual General Meeting of the Canadian Life and Health Insurance Association Inc. held in Quebec City today, Pierre-Yves Julien, President and Chief Executive Officer, Medavie Blue Cross, was elected as Chairman of the Association for the upcoming year.
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Posted: June 3rd, 2008, 11:21am CDT
MassMutual Financial Group and the city of Birmingham are offering eligible families free, 10-year $50,000 term life insurance policies to pay for educational expenses for dependent children.
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Posted: June 3rd, 2008, 10:27am CDT
CINCINNATI, June 3, 2008 -- Protective Life Insurance Company has been approved for membership at Federal Home Loan Bank of Cincinnati . Protective Life is the 14th insurance company to join FHLBank and is among more than 156 insurance companies in the 12-district FHLBank system.
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Posted: June 2nd, 2008, 11:09pm CDT
MUMBAI: The Burman family, the promoters of the Dabur group, is entering the non-life insurance business. The group, which already has a presence in the life insurance sector through Aviva Life Insurance, has roped in Liberty Mutual group of US for its non-life foray.
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Posted: June 2nd, 2008, 3:13pm CDT
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of "a" of The Empire Life Insurance Company (Empire Life) (Kingston, Ontario, Canada). The outlook for both ratings is stable.
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Posted: June 2nd, 2008, 2:44pm CDT
Q: I heard you can sell a life insurance policy to get cash before you die. Is this true and if so, how does it work?
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Posted: June 2nd, 2008, 2:01pm CDT
NEW DELHI: FMCG major Dabur Group on Monday announced it would enter the non-life insurance sector in alliance with U.S.-based general insurer Liberty Mutual Group to cash in on the rapidly growing income of the country’s middle class. ...
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Posted: June 2nd, 2008, 1:40pm CDT
The Burman family, promoters of the Dabur Group, and the US-based Liberty Mutual Group on Monday joined hands to set up a non-life insurance venture in India.
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Posted: June 2nd, 2008, 11:56am CDT
The move to market ING life insurance comes on the heels of the Japan Post Group’s October, 2007, privatization
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Posted: June 2nd, 2008, 9:27am CDT
A.M. Best Co. has affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of "bbb-" of Enterprise Life Insurance Company (Enterprise Life) (Irving, TX), a wholly owned subsidiary of the privately held Enterprise Financial Group, Inc. (Texas). The outlook for both ratings is stable.
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Posted: June 2nd, 2008, 8:45am CDT
NEW DELHI: Homegrown FMCG major Dabur Group on Monday announced it would enter non-life insurance sector in alliance with US-based general insurer Liberty Mutual Group to cash in on the rapidly growing income of the country's middle class.
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Posted: June 1st, 2008, 1:39pm CDT
The country's under-utilised rural market holds tremendous growth opportunities for life insurance companies with their revenues expected to grow as much as four times to reach Rs 7,800 crore ($2.9 billion) by 2015, a latest report says.
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Posted: June 1st, 2008, 2:51am CDT
(ARA) - If you have been thinking about buying term life insurance, now's a great time to start shopping because life insurance companies are competing for the lowest term life insurance rates. Rates are expected to continue to decrease throughout 2008.