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Nigeria: Disability Cover Now Part of Group Life Insurance (AllAfrica.com)
Posted: June 23rd, 2009, 5:02pm CDT
The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law. -
Fitch Affirms Protective Life Insurance Co.'s CMBS Servicer Ratings (Business Wire via Yahoo! Finance)
Posted: June 23rd, 2009, 3:07pm CDT
CHICAGO----Fitch Ratings affirms Protective Life Insurance Company's servicer ratings as follows: -
Life Insurance Corp eyeing 20 percent premium growth (Calcutta News)
Posted: June 23rd, 2009, 11:05am CDT
Life Insurance Corp of India (LIC), the country's largest life insurer, is targeting 20 percent growth in premium this fiscal, a top official said here Tuesday. -
Life Insurance Corp eyeing 20 percent premium growth (New Kerala)
Posted: June 23rd, 2009, 11:03am CDT
Kolkata, June 23 : Life Insurance Corp of India (LIC), the country's largest life insurer, is targeting 20 percent growth in premium this fiscal, a top official said here Tuesday. -
A.M. Best Assigns Rating to Pacific Life Insurance Company's New Surplus Notes (Business Wire via Yahoo! Finance)
Posted: June 23rd, 2009, 9:53am CDT
OLDWICK, N.J.----A.M. Best Co. has assigned a debt rating of "a" to the $1.0 billion 9.25% 30-year surplus notes issued by Pacific Life Insurance Company . The outlook for the rating is negative. -
Life insurance industry growing despite economic slowdown (Sabah Daily Express)
Posted: June 23rd, 2009, 1:10am CDT
Kuala Lumpur: The life insurance industry is still growing despite the discouraging economic condition, Life Insurance Association of Malaysia president Adnan Zain said. -
Life insurance industry growing despite slowdown (The New Sabah Times)
Posted: June 22nd, 2009, 11:03pm CDT
KUALA LUMPUR : The life insurance industry is still growing despite the discouraging economic condition, Life Insurance Association of Malaysia president Adnan Zain said. -
Stranger owned life insurance (News 8 Austin)
Posted: June 22nd, 2009, 12:50pm CDT
There are various types of life insurance policies. However, Stranger Owned Life Insurance Policies are bad news, News 8's Finance Guy John Henry McDonald Said. -
Life insurance to grow at slower pace, more reforms likely (The Edge Daily)
Posted: June 22nd, 2009, 11:08am CDT
KUALA LUMPUR: The life insurance industry has taken a hit from the global financial crisis but will continue growing, albeit at a slower pace, the industry association said. -
Life insurance industry sees growth in hard times (The Malaysian Insider)
Posted: June 22nd, 2009, 5:32am CDT
KUALA LUMPUR, June 22 — The life insurance industry is still growing despite the discouraging economic condition, Life Insurance Association of Malaysia (LIAM) president Adnan Zain said. “The traditional life insurance business is showing a good development. “People are still buying insurance, which shows the knowledge, awareness and recognition of the importance in terms of protection and ... -
All Insurance Golf League Completing 80th Year (Hartford Courant)
Posted: June 21st, 2009, 7:42am CDT
It began when representatives of 15 Hartford insurance companies met in the spring of 1930. -
Assign limit for exempting tax under life cover: insurers (Business Standard India)
Posted: June 21st, 2009, 6:42am CDT
To promote long-term investment and increase penetration of life insurance cover in the country, the insurers today demanded that the government assign a distinct limit for tax exemption of these instruments and exempt annuity from tax in the Budget. -
Term life vs. cash value (Worcester Telegram & Gazette)
Posted: June 21st, 2009, 6:16am CDT
If you're single or have no dependents, you probably need little or no life insurance. With a little planning, you can establish a low-risk savings fund to cover funeral costs, and then invest the money you would have paid in insurance premiums. -
Resources for those without health insurance (Los Angeles Times)
Posted: June 20th, 2009, 10:42pm CDT
Help is available for people who have lost their coverage because of layoffs or cutbacks in benefits and don't quality for subsidy programs such as Medi-Cal or Medicare. Healthcare without insurance is like construction without power tools. -
Post Office Recommends Life Insurance To Home Owners (PRWeb)
Posted: June 20th, 2009, 2:10am CDT
75% of UK adults have no life insurance policy. (PRWeb Jun 20, 2009) Read the full story at http://www.prweb.com/releases/life/insurance/prweb2551854.htm -
Post Office Recommends Life Insurance To Home Owners (PRWeb via Yahoo! News)
Posted: June 20th, 2009, 2:01am CDT
75% of UK adults have no life insurance policy. -
Man Faces Jail For Alleged Life Insurance Scheme (KGTV San Diego)
Posted: June 19th, 2009, 6:32pm CDT
An insurance agent who persuaded two senior citizens to invest $95,000 in a fraudulent life insurance settlement scam he masterminded is facing up to a year in jail, authorities announced Friday. -
A.M. Best Affirms Ratings of Investors Heritage Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 19th, 2009, 1:50pm CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of B+ and issuer credit rating of "bbb-" of Investors Heritage Life Insurance Company . Concurrently, A.M. Best has affirmed the ICR of "bb-" of its holding company, Investors Heritage Capital Corporation [IHRC.OB ]. -
Philamlife sells non-life insurance unit (BusinessWorld Online)
Posted: June 18th, 2009, 10:01am CDT
THE PHILIPPINE American Life and General Insurance Co. (Philamlife) has sold its non-life insurance unit in the bid of its parent firm, American International Group (AIG), to restructure its businesses. -
MassMutual, State Grid To Form Strategic Alliance For Yingda Life Insurance (Insurance Business Review)
Posted: June 18th, 2009, 1:09am CDT
Prudential Financial derived an aggregate net proceeds of about $1.4 billion. ... New York Life Insurance Company (NYLIC) is a mutua ... -
ING Groep to Eliminate 250 Jobs at Japan Life Insurance Unit (Bloomberg)
Posted: June 17th, 2009, 11:01pm CDT
June 18 (Bloomberg) -- ING Groep NV , the biggest Dutch financial services company, will this week ask a quarter of the 1,000 employees at its Japanese life insurance unit to leave. -
On Your Side: Am I too unhealthy for life insurance? Probably not. (News 12 Augusta)
Posted: June 17th, 2009, 6:01pm CDT
If you've ever wondered if you're too old or too unhealthy to get life insurance. Don't give up, there are options. -
On Your Side: Too unhealthy for life insurance? Probably not (News 12 Augusta)
Posted: June 17th, 2009, 6:01pm CDT
If you've ever wondered if you're too old or too unhealthy to get life insurance. Don't give up, there are options. -
A.M. Best Affirms Ratings of Pekin Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 17th, 2009, 3:34pm CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of "a-" of Pekin Life Insurance Company . The outlook for both ratings is stable. -
A.M. Best Affirms Ratings of Pekin Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 17th, 2009, 3:34pm CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of "a-" of Pekin Life Insurance Company . The outlook for both ratings is stable. -
Nigeria: Disability Cover Now Part of Group Life Insurance (AllAfrica.com)
Posted: June 17th, 2009, 2:55pm CDT
The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law. -
A.M. Best Upgrades Ratings of National Western Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 17th, 2009, 1:25pm CDT
OLDWICK, N.J.----A.M. Best Co. has upgraded the financial strength rating to A from A- and issuer credit rating to "a" from "a-" of National Western Life Insurance Company . The outlook for both ratings has been revised to stable from positive. -
Sun Life extends group insurance coverage to CFIB members across Canada (Investment Executive)
Posted: June 17th, 2009, 10:45am CDT
Sun Life Financial has extended its agreement with the Canadian Federation of Independent Business (CFIB) to offer group insurance coverage to its members nationally, the company said Wednesday. -
A.M. Best Downgrades Ratings of Beneficial Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 17th, 2009, 9:42am CDT
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit rating to "a-" from "a" of Beneficial Life Insurance Company . The outlook for both ratings is negative. -
Max Says It Will Sell 23% in Insurance Unit to New York Life (Bloomberg)
Posted: June 17th, 2009, 7:31am CDT
June 17 (Bloomberg) -- Max India Ltd. , an Indian company that invests in health care and technology, today said it plans to sell a 23 percent stake in its life insurance unit to joint venture partner New York Life Insurance Co. -
Aviva Life Insurance view (NDTV)
Posted: June 17th, 2009, 5:13am CDT
Jyoti Vaswani, Head Fund Management Aviva Life Insurance said investors are sitting on the sidelines on expectations of consolidation in markets. -
Research and Markets: Unique Snapshot of the Russian Non-Life Insurance Industry in 2009 (Business Wire via Yahoo! Finance)
Posted: June 17th, 2009, 3:24am CDT
DUBLIN----Research and Markets has announced the addition of the "Snapshots Russia Non-Life Insurance 2009" report to their offering. -
(AFX UK Focus) 2009-06-16 19:04 Pacific Life Insurance launches $1 bln 30-yr notes (Interactive Investor)
Posted: June 16th, 2009, 1:31pm CDT
NEW YORK, June 16 (Reuters) - Pacific Life Insurance Co on Tuesday launched its $1.0 billion 30-year surplus note sale, with pricing expected later on Tuesday, said IFR, a Thomson Reuters service. The notes are expected to yield 475 basis points over comparable U.S. Treasuries, according to IFR. Goldman Sachs, UBS and Wachovia are the joint book managers on the sale. -
A.M. Best Affirms Ratings of Farmers New World Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 16th, 2009, 12:30pm CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of "a" of Farmers New World Life Insurance Company . The outlook for both ratings is stable. -
A.M. Best Affirms Ratings of Universal Underwriters Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 16th, 2009, 10:53am CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of "a-" of Universal Underwriters Life Insurance Company . The outlook for both ratings is stable. -
A.M. Best Affirms Ratings of Kemper Investors Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 16th, 2009, 10:50am CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of "a-" of Kemper Investors Life Insurance Company . KILICO is wholly owned by Kemper Corporation, a non-operating holding company, which is an indirect wholly owned subsidiary of Zurich Financial Services . -
MassMutual, State Grid Form Joint Venture to Build Life Insurance Business in China (PR Newswire via Yahoo! Finance)
Posted: June 16th, 2009, 9:00am CDT
Massachusetts Mutual Life Insurance Company and State Grid Corporation of China announced today they will execute a strategic collaboration in Yingda Taihe Life Insurance Company to jointly develop life insurance business in China, providing significant growth opportunities for both organizations. -
League: Man arrested for insurance fraud linked to Sharks donation (Otago Daily Times)
Posted: June 16th, 2009, 6:03am CDT
A man's been arrested over an alleged $A500,000 life insurance fraud believed to be linked to a donation made to the Cronulla Sharks. The 27-year-old Goulburn man was arrested at a Cronulla hotel, in southern Sydney, about 3.30pm AEST on Tuesday, police said. -
INX Awarded Data Center Virtualization Contract by National Western Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 16th, 2009, 5:00am CDT
HOUSTON----INX Inc., announced today that it has been awarded a $500,000 contract by National Western Life Insurance Company to Virtualize their Data Center. -
Life insurance policies added to IFDA fund losses (The State Journal-Register)
Posted: June 16th, 2009, 12:16am CDT
Rather than risk getting no money at all, the trustee for a troubled pre-need funeral fund is surrendering life insurance policies for cash value, worsening already steep losses in a fund that’s supposed to pay for funerals for more than 40,000 people in Illinois. -
Sun Life signals strategy shift with U.K. buy (National Post)
Posted: June 16th, 2009, 12:01am CDT
In what many are calling a major strategy change, life insurance giant Sun Life Financial Inc. is buying the U.K. assets of Lincoln National Corp. in a $359-million deal that will substantially increase its U.K. operations. -
Lincoln Financial To Publicly Offer Common Stock, Sell Insurance Unit (Hartford Courant)
Posted: June 15th, 2009, 9:18pm CDT
Lincoln Financial Group said Monday it will publicly offer $600 million of common stock as part of its $2 billion of capital-raising efforts, and will sell Lincoln National plc, its United Kingdom unit that sells life insurance and retirement income products. -
Lack Of Health Insurance Nearly Cost Man His Life (CBS 2 Chicago)
Posted: June 15th, 2009, 6:32pm CDT
President Obama took his plan for overhauling the health care system to the front lines: the AMA convention here in Chicago. He says the existing system leaves too many Americans uninsured. CBS 2's Kristyn Hartman spoke with one man who made the choice to go without insurance, and it could have cost him his life because he ended up having to wait for major surgery. -
Sun Life to Buy U.K. Business of Lincoln National (Update4) (Bloomberg)
Posted: June 15th, 2009, 3:45pm CDT
June 15 (Bloomberg) -- Sun Life Financial Inc. agreed to buy the U.K. insurance business of Lincoln National Corp. for about 195 million pounds ($319 million), increasing its U.K. assets under management by 60 percent. -
Private non-life insurers report negative growth (The Hindu)
Posted: June 15th, 2009, 1:27pm CDT
Bangalore, June 15 Public sector insurers have outpaced private sector peers for the first time since the non-life insurance sector was thrown open. -
A.M. Best Affirms Ratings of Fidelity Investment Life Insurance Company and Its Subsidiary (Business Wire via Yahoo! Finance)
Posted: June 15th, 2009, 12:45pm CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of "aa-" of Fidelity Investment Life Insurance Company and its subsidiary, Empire Fidelity Investments Life Insurance Company . -
Sun Life shells out £195m to buy troubled Lincoln (Evening Standard)
Posted: June 15th, 2009, 10:34am CDT
Sun Life of Canada this afternoon splashed out £195 million for troubled American group Lincoln National's insurance operations in the UK. -
Sun Life to Buy U.K. Business of Lincoln National (Update3) (Bloomberg)
Posted: June 15th, 2009, 9:19am CDT
June 15 (Bloomberg) -- Sun Life Financial Inc. agreed to buy the U.K. insurance business of Lincoln National Corp. for about 195 million pounds ($319 million), increasing its U.K. assets under management by 60 percent. -
Sun Life buys UK insurance business (Toronto Star)
Posted: June 15th, 2009, 9:06am CDT
Sun Life Financial Inc. one of Canada's largest insurance companies, says it is acquiring the United Kingdom operations of Lincoln National Corp. for about C$395 million. -
AAA Life Insurance Company Utilizes inContact's ECHO Surveys to Measure Customer Satisfaction (Business Wire via Yahoo! Finance)
Posted: June 15th, 2009, 8:32am CDT
SALT LAKE CITY----inContact, Inc. , the market leader in on-demand contact center software and agent optimization tools, announced that AAA Life Insurance Company has received excellent results using ECHO Survey , one of inContact's agent optimization tools to measure customer satisfaction levels. -
Bajaj Allianz Life Insurance launches Invest Plus (Business Standard India)
Posted: June 15th, 2009, 8:27am CDT
Leading private sector life and general insurance company, Bajaj Allianz Life Insurance has launched Invest Plus, which offers upfront minimum guaranteed investment returns at the beginning of each year, a company statement said here. -
Sun Life Financial acquires UK business of Lincoln National for C$359 million (Canadian Business)
Posted: June 15th, 2009, 8:18am CDT
TORONTO - Sun Life Financial Inc. (TSX:SLF), one of Canada's largest insurance companies, is boosting its presence overseas with the acquisition -
Sun Life to Buy U.K. Business of Lincoln National (Update1) (Bloomberg)
Posted: June 15th, 2009, 7:42am CDT
June 15 (Bloomberg) -- Sun Life Financial Inc. , Canada’s third-largest insurer, agreed to buy the U.K. insurance business of Lincoln National Corp. for about 195 million pounds ($319 million) in cash. -
New mortgage but old life insurance policy (Belfast Telegraph)
Posted: June 15th, 2009, 6:36am CDT
Q3. We purchased a life insurance policy when we took out our first mortgage. We have moved house and now have a larger mortgage over 25 years. I am still paying premiums on the existing policy. Do I need to take any action? -
Man charged in life insurance scheme (St. Louis Post-Dispatch)
Posted: June 13th, 2009, 3:36am CDT
ST. LOUIS — Jason B. Hart was supposed to be taking care of Christina Moran and Eugene Phelps. -
Lodi woman convicted in insurance fraud case (Lodi News-Sentinel)
Posted: June 13th, 2009, 2:23am CDT
A Lodi woman and a former Colusa County politician were convicted by a federal jury Thursday of more than a dozen fraud charges each, related to an insurance company they claimed could only be regulated by "organic Christian people." -
Is whole life really whole life? (The Hays Daily News)
Posted: June 13th, 2009, 2:13am CDT
Most people don't wake up in the morning with the thoughts of implementing a life insurance policy. It might take the motivation from a spouse, possibly an insurance agent or an attorney. Or maybe you just experienced a death of a close friend or family member. -
SBI Life in pact with Syndicate Bank (The Hindu)
Posted: June 12th, 2009, 3:00pm CDT
CHENNAI: SBI Life Insurance has announced a tie-up with Syndicate Bank to offer housing loan insurance cover to the bank’s home loan borrowers. Under a special scheme, effective up to June 30, home loan customers between the age group ... -
Politics Puts Insurance Regulators in a Bind (Washington Post)
Posted: June 12th, 2009, 3:00pm CDT
In May 2005, a coalition of insurance companies hosted a fundraiser for Jim Poolman, the elected insurance commissioner of North Dakota, at a Washington restaurant called the Caucus Room. -
Insurance mogul Barry Kaye's $16 million pledge to FAU in doubt (The Palm Beach Post)
Posted: June 12th, 2009, 2:57pm CDT
It was the largest donation in Florida Atlantic University history, heralded in a flutter of press releases and repeated in promotions for well-heeled benefactor Barry Kaye's insurance business. -
A.M. Revises Outlook to Negative for The Empire Life Insurance Company; Affirms Financial Strength Rating (Business Wire via Yahoo! Finance)
Posted: June 12th, 2009, 1:46pm CDT
OLDWICK, N.J.----A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A and issuer credit rating of "a" of The Empire Life Insurance Company . -
Kolkata tops insurance ombudsman complaint (Express India)
Posted: June 11th, 2009, 3:39pm CDT
Kolkata office of the insurance ombudsman receives the maximum number of complaints for both life and non-life products. -
Allianz Introduces GenDex Foundation Life Insurance: Customizable Universal Life Insurance With Indexing Options (PropertyandCasualty.com)
Posted: June 11th, 2009, 7:44am CDT
Allianz is introducing GenDex Foundation(SM), a flexible premium fixed index universal life insurance policy. In addition to providing a death benefit, it offers the consumer affordable premiums, guarantees, and a variety of other options that enable consumers to create a policy customized to fit their specific needs -
Life insurance arm to enter tier-II, III cities (Express India)
Posted: June 9th, 2009, 3:13pm CDT
Shriram Life Insurance Company Limited, the joint venture between the Shriram Group and South Africa-based insurance company Sanlam, on Tuesday said that it will soon enter north, east and west India. -
Insurers Raise the Premiums on Term Life (WallStreet Journal via Yahoo! Finance)
Posted: June 8th, 2009, 11:10pm CDT
Many insurers are raising prices on term-life insurance policies, which means the era of counting on lower rates five or 10 years down the line could be over for a while. -
Rising life expectancy to lower insurance premium (rediff.com)
Posted: June 8th, 2009, 4:12pm CDT
Life insurance premium rates are likely to drop over the next few months owing to longer life expectancy, with a new mortality and morbidity table expected to be in place by the fourth quarter of 2009 to replace the current one, which is of 1994-96 vintage. -
Aurora man indicted in alleged theft from Great-West Life (BizJournals)
Posted: June 8th, 2009, 3:18pm CDT
An Aurora man has been indicted on federal charges in connection with an alleged attempt to steal $700,000 from Great-West Life and Annuity Insurance Co. -
Rising life expectancy to help lower insurance premium (Business Standard India)
Posted: June 8th, 2009, 2:27pm CDT
New mortality table to be finalised by Oct. -
PSU non-life insurers told to focus on underwriting biz (The Hindu)
Posted: June 8th, 2009, 1:57pm CDT
Bangalore, June 8 As a prelude to equity dilution, the government has asked public sector non-life insurance companies to shift focus from top lines to bottom lines. -
TM Asia Life expects RM40m from Asia Jade within 3 weeks (Business Times (Malaysia))
Posted: June 8th, 2009, 11:44am CDT
TM Asia Life Malaysia Bhd expects to lock in RM40 million premiums within three weeks from its new short-term single premium capital protected investment-linked product, known as Asia Jade. -
Surging First Quarter Sales Strengthen New York Life Position in Annuities (Business Wire via Yahoo! Finance)
Posted: June 8th, 2009, 10:26am CDT
NEW YORK----New York Life Insurance Company, the largest mutual life insurance company in the United States, announced today that for 2009's first quarter it ranked as the number two provider of annuities in the United States, according to an industry source.* The company had the 13th largest market share a year ago. -
How to get the best rate on life insurance (News On 6 Tulsa)
Posted: June 8th, 2009, 9:38am CDT
Buying life insurance can be intimidating. But don't let that discourage you from trying to get the best deal on the policy that's right for you. -
A.M. Best Downgrades Ratings of SBLI USA Mutual Life Insurance Company, Inc. and Its Subsidiary (Business Wire via Yahoo! Finance)
Posted: June 8th, 2009, 9:36am CDT
OLDWICK, N.J.----A.M. Best has downgraded the financial strength rating to B++ from A- and issuer credit ratings to "bbb" from "a-" of SBLI USA Mutual Life Insurance Company, Inc. and its wholly owned subsidiary, S.USA Life Insurance Company, Inc. . -
'Slumdog' Child Star, 9, To Publish Life Story (Local 6 Orlando)
Posted: June 8th, 2009, 9:34am CDT
One of the child stars of the Oscar-winning movie "Slumdog Millionaire" is to publish her life story. -
RMS Completes Micro-Insurance Quake Project for Rural China (Insurance Journal)
Posted: June 8th, 2009, 9:17am CDT
Risk Management Solutions has completed a new quantitative analysis, which "reveals that a micro-insurance system could be both technically and commercially viable to provide cover against ... -
Business Insight: New York Life (The Westerly Sun)
Posted: June 8th, 2009, 3:38am CDT
Cavalier's personal approach makes financial planning painless. Theresa Cavalier is a financial services dynamo who has joined New York Life, a Fortune 100 Company dedicated to providing superior customer service. -
The logic behind online auto insurance quotes (Carteret County News-Times)
Posted: June 8th, 2009, 3:24am CDT
(ARA) - We all want affordable auto insurance, but sometimes it seems that the setting of auto insurance premiums are arbitrary and capricious. But there really is more method than madness to setting premiums and online auto insurance quotes. So, why does auto insurance cost what it costs? -
Bill scraps tax on life insurance (Manila Standard Today)
Posted: June 8th, 2009, 3:01am CDT
The House of Representatives last week approved on second reading the measure seeking to abolish “documentary stamp and premium taxes” on life insurance and spur the free-market growth of the insurance industry. -
China Regulator OKs Taikang Life Insurance's Bond Sale Plan (Nasdaq)
Posted: June 7th, 2009, 8:41pm CDT
SHANGHAI -(Dow Jones)- China's Taikang Life Insurance Co. has received approval from the country's insurance regulator to issue up to CNY3 billion ($ 439 million) in subordinated debt. -
William Russell and Dubai Insurance Company launch enhanced international life insurance plan (AME Info)
Posted: June 6th, 2009, 2:49am CDT
International insurance specialist William Russell and Dubai Insurance have launched their May 2009 Global Life insurance plans with an increase to the maximum life benefit insured. -
VA life insurance limit called inadequate - Navy News, news from Iraq - Navy Times (Navy Times)
Posted: June 5th, 2009, 1:46pm CDT
An Indiana Democrat thinks a veterans life insurance program that hasn’t had an increase in coverage in 58 years needs an update. -
VA life insurance limit called inadequate - Army News, news from Iraq, - Army Times (Army Times)
Posted: June 5th, 2009, 1:45pm CDT
An Indiana Democrat thinks a veterans life insurance program that hasn’t had an increase in coverage in 58 years needs an update. -
Study: Life, Health Insurers Investing Heavily in Tobacco (Fox News)
Posted: June 5th, 2009, 10:56am CDT
A recent study published in the New England Journal of Medicine found that major U.S., Canadian and British life and health insurance are investing billions of dollars in tobacco company stocks, Agence France-Presse reported. -
Research and Markets: This Non-life Insurance: Global Industry Almanac Report Is an Essential Resource for Top-Level ... (Business Wire via Yahoo! Finance)
Posted: June 5th, 2009, 5:55am CDT
DUBLIN----Research and Markets has announced the addition of the "Non-life Insurance: Global Industry Almanac" report to their offering. -
Life Settlement Company Offers Seniors A Beneficial Alternative To Letting Insurance Policies Lapse (dBusinessNews.com)
Posted: June 4th, 2009, 11:51am CDT
Los Angeles - In current economic times, many seniors are letting their life insurance lapse. However, David Mickelson Insurance Services, a life settlement company, is now offering seniors a way to raise capital through existing insurance policies. -
A.M. Best Affirms Ratings of The Northwestern Mutual Life Insurance Company and Its Subsidiary (Business Wire via Yahoo! Finance)
Posted: June 4th, 2009, 10:19am CDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A++ and issuer credit ratings of "aaa" of The Northwestern Mutual Life Insurance Company and its subsidiary, Northwestern Long-Term Care Insurance Company . -
William Russell and Dubai Insurance Company launch enhanced international life insurance plan (Zawya)
Posted: June 4th, 2009, 8:40am CDT
International insurance specialist William Russell and Dubai Insurance Dubai Insurance have launched their May 2009 Global Life insurance plans with an increase to the maximum life benefit insured. -
Bill scrapping life insurance taxes hurdles third reading (BusinessWorld Online)
Posted: June 4th, 2009, 8:13am CDT
A BILL INTENDED to boost sales of life insurance was approved on third and final reading at the House of Representatives on Wednesday night. -
Nigeria: Citizens Should Take Life Insurance -Experts (AllAfrica.com)
Posted: June 4th, 2009, 5:39am CDT
Lagos — Insurance experts have urged Nigerians to take life insurance cover because of the benefits life policies presents.This advice was given by insurance experts when they featured on a discussion programme on a Lagos-based radio station. -
Agencies to give life insurance to working Texas families (Dallas Morning News)
Posted: June 3rd, 2009, 10:00pm CDT
Texas families needing life insurance may be able to get a free policy through a joint effort by Dallas Area Habitat for Humanity, Spectrum Financial Group and Massachusetts Mutual Life Insurance Co. -
Man facing life insurance flap (WTSP-TV Tampa)
Posted: June 3rd, 2009, 5:31pm CDT
Before you take out a life insurance policy, we have tips for you from local attorney Chris Hoyer with James, Hoyer, Newcomer & Smiljanich P.A. -
Free life insurance program for low-income families in Albany (FOX 23 News Albany)
Posted: June 3rd, 2009, 4:21pm CDT
A program that offers free life insurance to working families is coming to the Capital Region. -
New program offers free life insurance to local families (Capital News 9)
Posted: June 3rd, 2009, 3:14pm CDT
Albany Mayor Jerry Jennings was joined Wednesday MassMutual representatives to announce a program offering free life insurance policies to benefit children of working families throughout the Capital Region. -
Life Insurance company offers free coverage (BizJournals)
Posted: June 3rd, 2009, 3:13pm CDT
MassMutual life insurance company announced today that it is offering $50,000 of free life insurance to low-income families in the region. -
Individual Life Insurance Sales See Sickly Start in 2009 (Financial Planning.com)
Posted: June 3rd, 2009, 10:20am CDT
The turbulent economic environment continues to hold the life insurance industry hostage, as premium from individual life insurance sales declined 26% in the first quarter of 2009, according to LIMRA’s U.S. Individual Life Insurance Sales report. -
Nigeria: Disability Cover Now Part of Group Life Insurance (AllAfrica.com)
Posted: June 3rd, 2009, 6:02am CDT
Lagos — The mandatory group life insurance provided in the Pensions Act 2004 will now be expanded to cover disability during the life of the insured. This was part of the amendment being sought by operators into the existing law. -
A lawyer’s view of life insurance for the business owner – A wise investment? (Local Tech Wire)
Posted: June 3rd, 2009, 5:52am CDT
TechLaw: Believe it or not, life insurance can be a great investment – for your business as well as your beneficiaries. However, like any investment, it requires periodic reviews and adjustments. -
Tong Yang Life Insurance Resubmits IPO Application To KRX (Nasdaq)
Posted: June 3rd, 2009, 3:41am CDT
SEOUL -(Dow Jones)- Tong Yang Life Insurance Co. said Wednesday that it has resubmitted its application for an initial public offering to the Korea Exchange. -
A.M. Best Puts Ratings of Life of America Insurance Company Under Review with Negative Implications (Business Wire via Yahoo! Finance)
Posted: June 2nd, 2009, 11:03am CDT
OLDWICK, N.J.----A.M. Best Co. has placed the financial strength rating of C and issuer credit rating of "ccc" of Life of America Insurance Company under review with negative implications. -
Seniors Swindled by 'Spin Life' Insurance (TheStreet.com)
Posted: June 2nd, 2009, 10:35am CDT
More than $20 billion of "spin life" insurance policies are starting to implode. Many policy holders don't realize the trouble they face. -
(AFX UK Focus) 2009-06-02 15:37 Investors wading back into life insurance stocks (Interactive Investor)
Posted: June 2nd, 2009, 10:02am CDT
NEW YORK, June 2 (Reuters) - Investors are returning to life insurance stocks such as Genworth Financial and Hartford Financial, downtrodden in months past due to losses arising from the credit crisis, according to analysts. "In terms of confidence, to some extent it has already come back," Jimmy Bhullar, an insurance analyst with J.P. Morgan, told the Standard & Poor's annual insurance ... -
CSC's Life Insurance Outsourcing Service Leads Industry for Fourth Year (redOrbit)
Posted: June 2nd, 2009, 9:28am CDT
Company Ranks Number One on LOMA Benchmarking Survey FALLS CHURCH, Va., June 2 /PRNewswire/ -- CSC (NYSE: CSC) today announced its life insurance business processing outsourcing (BPO) service ranks highest in the industry on the LOMA performance benchmark for service turnaround times. -
Sony Financial Plunges on Insurance Value, Ratings (Update1) (Bloomberg)
Posted: June 2nd, 2009, 4:21am CDT
June 2 (Bloomberg) -- Sony Financial Holdings Inc. tumbled the most since it listed on the Tokyo Stock Exchange after the Sony Corp. subsidiary announced that the value of its life insurance business fell by more than half last financial year. Analysts cut their ratings. -
Life insurance: Five ways to save money (Guardian Unlimited)
Posted: June 2nd, 2009, 1:44am CDT
A new series on how to cut the cost of essential items. This week: life insurance 1 Don't buy it You need life insurance for things such as paying off your mortgage should you die. If you are single, then it's rather pointless. Who will the payout go to? Don't be mugged by mortgage "advisers" who insist that you have to buy insurance products when you take out a home loan. You don't. They do it ... -
Eligible Valley families can get free life insurance (The Idaho Statesman)
Posted: June 2nd, 2009, 1:01am CDT
Massachusetts Mutual Life Insurance Co. and Sage Wealth Management LLC are once again giving away free $50,000 term life insurance policies to benefit children of working families. -
Max New York Life Insurance launches 'Healthy Family' Floater Plan (New Kerala)
Posted: June 1st, 2009, 11:41pm CDT
New Delhi,June 1 (Business Wire India): Max New York Life Insurance, one of India's leading life insurance companies, today introduced the 'Lifeline Healthy Family' a health insurance plan, the most comprehensive long term insurance coverage for hospitalization, surgeries and critical illness for the entire family under one single policy. -
Dewey & LeBoeuf Sued for $3 Billion in Insurance Company Failure (Law.com)
Posted: June 1st, 2009, 11:24pm CDT
Dewey & LeBoeuf has been named in a $3 billion malpractice suit related to the failure and sale of St. Louis-based General American Life Insurance. The insurance provider's liquidators allege that Dewey & LeBoeuf's predecessor, LeBoeuf Lamb, put other clients' interests ahead of General American's, costing General American hundreds of millions of dollars in at least one deal alone. In a ... -
ING Life Insurance to cut 300 jobs (The Japan Times)
Posted: June 1st, 2009, 4:05pm CDT
ING Groep NV, the biggest Dutch financial services company, plans to cut about 300 jobs at its Japan life insurance unit as it stops selling variable annuities in the nation, according to two sources. Dick Okhuijsen, chief executive officer of Tokyo-based ING Life Insurance Co., told managers last week that the exact number of job reductions and the size of redundancy payouts will be determined ... -
Variable universal life insurance questions answered (News 8 Austin)
Posted: June 1st, 2009, 2:20pm CDT
If you have a variable universal life insurance policy, you probably bought it for a reason – either to have lower premiums, a large cash reserve built up, asset protection or a tax-free retirement among other things, News 8's Finance Guy John Henry McDonald said. -
Life insurance growth at 2-yr high (Business Standard India)
Posted: June 1st, 2009, 1:42pm CDT
Premium from new policies up 30 per cent in April. A turnaround in Life Insurance Corporation (LIC) of India’s fortunes has boosted the insurance industry’s sales, which rose the fastest in two years. -
National Western Life's ratings affirmed by S&P (AP via Yahoo! Finance)
Posted: June 1st, 2009, 1:40pm CDT
Credit ratings agency Standard & Poor's Monday affirmed the ratings of National Western Life Insurance Co., but placed them on a negative outlook. -
Fitch Downgrades Security Benefit Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 1st, 2009, 1:29pm 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 'CCC' from 'BB'. -
Fitch Downgrades Security Benefit Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: June 1st, 2009, 1:29pm 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 'CCC' from 'BB'. -
AFW Insurance Group offers policies to meet every need (Elizabethton Star)
Posted: June 1st, 2009, 8:52am CDT
Photo by Eveleigh Stewart AFW Insurance Group offers a variety of coverage, including life, health, homeowners, auto, renters, commercial, workmanÕs comp, and and janitorial and fidelity bonds. AFW Insurance Group is located at 308 W. G St. (Suite B), Elizabethton. -
Prime Income Asset Management and Liberty Bankers Life Insurance Company Sponsor DFW Economic Symposium (Business Wire via Yahoo! Finance)
Posted: June 1st, 2009, 7:00am CDT
DALLAS----Prime Income Asset Management and Liberty Bankers Life Insurance Company recently sponsored an Economic Symposium featuring guest speakers Harvey Rosenblum, executive vice president, Federal Reserve Bank of Dallas, G. -
Andhra Bank, BoB, L&G Group in insurance JV (Business Standard India)
Posted: June 1st, 2009, 3:33am CDT
The public sector Andhra Bank would launch its insurance business in association with Bank of Baroda and Legal & General Group, a London-based financial services company before the end of 2008-09. -
ING Said to Plan 300 Job Cuts at Japan Life Insurance Unit (Bloomberg)
Posted: June 1st, 2009, 1:19am CDT
June 1 (Bloomberg) -- ING Groep NV , the biggest Dutch financial-services company, plans to cut about 300 jobs at its Japan life insurance unit as it stops selling variable annuities in the nation, said two people with knowledge of the matter. -
ING Said to Plan 300 Job Cuts at Japan Life Insurance Unit (Bloomberg)
Posted: June 1st, 2009, 12:13am CDT
June 1 (Bloomberg) -- ING Groep NV , the biggest Dutch financial-services company, plans to cut about 300 jobs at its Japan life insurance unit as it stops selling variable annuities in the nation, said two people with knowledge of the matter.