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ING Said to Plan 300 Job Cuts at Japan Life Insurance Unit (Bloomberg)
Posted: May 31st, 2009, 11:21pm EDT
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. -
American retirees make a life in Mexico, cheaply (Contra Costa Times)
Posted: May 31st, 2009, 8:05pm EDT
CUERNAVACA, Mexico — What kind of person sells all her possessions, hops in a car with a fistful of cash and drives south of the border to make a new life? -
All Aren't Happy With Health Insurance For All (NPR)
Posted: May 31st, 2009, 9:10am EDT
Requiring all Americans to have health insurance is one of the proposals now being considered in Washington, D.C. Massachusetts already requires its residents to be insured, but people aren't always able to afford a policy, even when the state helps out. -
Invest in a Life Insurance Policy for Your Family's Future (PRWeb)
Posted: May 31st, 2009, 2:21am EDT
Post Office Life Insurance research reveals the average UK adult thinks they are worth £350K, but three quarters have no life insurance. (PRWeb May 31, 2009) Read the full story at http://www.prweb.com/releases/life/insurance/prweb2476264.htm -
Life Insurance is Elemental in Family Planning (PRWeb)
Posted: May 31st, 2009, 2:21am EDT
The cost of raising a child is now almost £200,000, yet only 25 percent of UK adults have a life insurance policy. (PRWeb May 31, 2009) Read the full story at http://www.prweb.com/releases/life/insurance/prweb2476474.htm -
ON THE MONEY: Exercise care when changing insurance policies (Arizona Daily Star)
Posted: May 31st, 2009, 2:12am EDT
It's ironic. Insurance is supposed to make you feel safe. Whether you buy life insurance, annuities, disability or long-term-care insurance, the idea is to remove the threat of some nasty surprise hurting you or your family at some point in the future. -
Exercise care when changing insurance policies (Arizona Daily Star)
Posted: May 31st, 2009, 2:12am EDT
It's ironic. Insurance is supposed to make you feel safe. Whether you buy life insurance, annuities, disability or long-term-care insurance, the idea is to remove the threat of some nasty surprise hurting you or your family at some point in the future. -
Invest in a Life Insurance Policy for Your Family's Future (PRWeb via Yahoo! News)
Posted: May 31st, 2009, 2:01am EDT
Post Office Life Insurance research reveals the average UK adult thinks they are worth £350K, but three quarters have no life insurance. -
Life Insurance is Elemental in Family Planning (PRWeb via Yahoo! News)
Posted: May 31st, 2009, 2:01am EDT
The cost of raising a child is now almost £200,000, yet only 25 percent of UK adults have a life insurance policy. -
Her life insurance was a good idea she may no longer need (Minneapolis-St. Paul Star Tribune)
Posted: May 30th, 2009, 7:12pm EDT
QDo I still need life insurance? I am a 51-year-old single woman whose two daughters have gotten their college degrees and are working and living on their own. -
A.M. Best Affirms Ratings of Auto-Owners Insurance Group and Auto-Owners Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 29th, 2009, 2:47pm EDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A++ and issuer credit ratings of "aa+" of Auto-Owners Insurance Group and its members. AOIG is comprised of five property/casualty companies led by Auto-Owners Insurance Company and four wholly owned subsidiaries. -
Life Partners fiscal 4Q profit rises 56 percent (AP via Yahoo! Finance)
Posted: May 29th, 2009, 2:25pm EDT
Life Partners Holdings Inc. said Friday its fiscal fourth-quarter profit rose 56 percent on higher demand for life-insurance policy settlements. -
Dr Boyce Money: Mike Tyson's Daughter and Child Life Insurance (Black Voices)
Posted: May 29th, 2009, 2:09pm EDT
Filed under: bv general insurance Black Voices Blogs : The death of Exodus Tyson, daughter of former heavyweight champion Mike Tyson, brings immediate tears to the eyes. As a single father of three daughters, my heart becomes heavy at the thought of losing any of my precious little girls. I also fear ... Read more -
A.M. Best Revises Outlook to Negative for Guarantee Trust Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 29th, 2009, 1:30pm EDT
OLDWICK, N.J.----A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B+ and issuer credit rating of "bbb-" of Guarantee Trust Life Insurance Company . -
Japan’s Top 9 Life Insurers Post $18 Billion Securities Loss (Bloomberg)
Posted: May 29th, 2009, 4:51am EDT
May 29 (Bloomberg) -- Japan’s nine largest life insurers, including Nippon Life Insurance Co. , posted a combined loss on securities holdings of 1.76 trillion yen ($18 billion), nine times more than a year ago as markets slumped. -
Economic crisis takes its toll on VN's insurance market (Asia News Network)
Posted: May 29th, 2009, 2:10am EDT
The life and general insurance market has been hit by the global recession as companies have had to scale down their production and reduce staff. Phung Dac Loc, general secretary of the Association of Viet Nam Insurers (AVI), said sales to domestic and overseas market s by production and business companies had fallen. -
LV= Life Insurance Online Customer Experience Score Continues to Improve (PRWeb via Yahoo! News)
Posted: May 29th, 2009, 2:01am EDT
LV.com has scored 57% in life insurance online benchmarking study, 10% higher than the industry average and 6% ahead of next nearest competitor. -
AIG Completes Sale of Prime Tokyo Real Estate Asset to Nippon Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 28th, 2009, 4:41pm EDT
NEW YORK----American International Group, Inc. announced today that it has completed the sale of its prime real estate holding in the Otemachi District in Tokyo to Nippon Life Insurance Company. -
AIG Completes Sale of Prime Tokyo Real Estate Asset to Nippon Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 28th, 2009, 4:41pm EDT
NEW YORK----American International Group, Inc. announced today that it has completed the sale of its prime real estate holding in the Otemachi District in Tokyo to Nippon Life Insurance Company. -
AccuQuote Offers Consumer Tips for Reviewing a Term Life Insurance Policy (PRWeb)
Posted: May 28th, 2009, 11:17am EDT
AccuQuote.com, a leading provider of term life insurance quotes to people across the United States, offers three key tips to consumers when reviewing a term life insurance policy. (PRWeb May 28, 2009) Read the full story at http://www.prweb.com/releases/termlifeinsurance/policyreview/prweb2463344.htm -
The Childrens Mutual Announces a Twist on Traditional Life Insurance (PRWeb via Yahoo! News)
Posted: May 28th, 2009, 2:01am EDT
The Childrens Mutual has announced the launch of a very different Return of Premium Term Life Insurance policy. -
AccuQuote Offers Consumer Tips for Reviewing a Term Life Insurance Policy (PRWeb via Yahoo! News)
Posted: May 28th, 2009, 2:01am EDT
AccuQuote.com, a leading provider of term life insurance quotes to people across the United States, offers three key tips to consumers when reviewing a term life insurance policy. -
Keep Tabs on Insurance That Covers Estate Tax (WallStreet Journal via Yahoo! Finance)
Posted: May 27th, 2009, 7:59pm EDT
Using life insurance to cover the death tax is common practice, but the strategy is blowing up some estate plans now. -
Life insurance group in profit slide (Daily Telegraph)
Posted: May 27th, 2009, 6:26pm EDT
TOWER Australia Group has reported a 12 per cent fall in first half profit and says it remains positive about the prospect for continued growth in the life insurance market. -
Life insurance group in profit slide (The Courier Mail)
Posted: May 27th, 2009, 6:26pm EDT
TOWER Australia Group has reported a 12 per cent fall in first half profit and says it remains positive about the prospect for continued growth in the life insurance market. -
A.M. Best Affirms Ratings of Employers Reassurance Corporation and Union Fidelity Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 27th, 2009, 2:41pm EDT
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit ratings of "a-" of Employers Reassurance Corporation and its subsidiary, Union Fidelity Life Insurance Company . -
A.M. Best Downgrades Ratings of United Security Life and Health Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 27th, 2009, 1:10pm EDT
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to C+ from C++ and the issuer credit rating to "b-" from "b" on United Security Life and Health Insurance Company . -
UPDATE 1-Morgan Stanley raises view on US life insurance sector (Reuters España)
Posted: May 27th, 2009, 10:42am EDT
May 27 (Reuters) - Morgan Stanley raised its view on the U.S. life insurance sector to "attractive" from "in-line," saying concerns about capital adequacy have diminished and the fundamental outlook for the group is improving. -
Researching Life Insurance Online and Want to Speak to an Agent? - Good Luck (Business Wire via Yahoo! Finance)
Posted: May 27th, 2009, 7:46am EDT
IPSWICH, Mass.----So many prospective life insurance customers now research products online but continue to buy through an agent so transition from online to offline should be a key priority. -
Vietnam’s insurance industry incurs losses in 2008 (Vietnam Net)
Posted: May 27th, 2009, 2:49am EDT
VietNamNet Bridge – Tough and unsound competition and the global economic crisis caused a loss of over VND163 billion in the country’s insurance industry last year when only eight out of 27 non-life insurers made a profit, according to the Association of Vietnamese Insurers (AVI). -
MyInsuranceQuotes.com Now Provides Consumers With A Faster Way To Make The Right Life Insurance Decision (PRWeb via Yahoo! News)
Posted: May 27th, 2009, 2:01am EDT
* Consumer-focused MyInsuranceQuotes.com offers immediate quotes and quick connections with licensed professionals who can help shoppers compare different life insurance plans. -
Partners Insurance notes milestone (Press & Sun-Bulletin)
Posted: May 27th, 2009, 1:50am EDT
Vestal Bruce Barrett, chairman of the board of the Partners Insurance and Financial Services Agency, is a Qualifying and Life member with 33 years of membership in the Million Dollar Round Table. -
Investing in a pricey life insurance policy (CNN Money)
Posted: May 26th, 2009, 11:16am EDT
Question: I'm 36 and make about $130,000 a year. My wife stays at home and cares for our three young boys. For about nine years, we have been paying into a variable universal life insurance policy that has a $250,000 death benefit and a cash value of about $3,000. My agent now wants me to move into an index universal life policy with a death benefit of $500,000, which would increase my payment ... -
Does equity indexed universal life insurance beat variable? (Money via Yahoo! Finance)
Posted: May 26th, 2009, 11:07am EDT
Question: I'm 36 and make about $130,000 a year. My wife stays at home and cares for our three young boys. For about nine years, we have been paying into a variable universal life insurance policy that has a $250,000 death benefit and a cash value of about $3,000. -
A.M. Best Special Report: Life/Health Insurers Grow More Vulnerable to Financial Impairment Due to Losses (Business Wire via Yahoo! Finance)
Posted: May 26th, 2009, 8:26am EDT
OLDWICK, N.J.----Seven life/health and annuity insurers became financially impaired in 2008 and three impairments have emerged thus far in 2009. At least two of the financially impaired companies --life/annuity writers Standard Life Insurance Company of Indiana in 2008 and Shenandoah Life Insurance Company in 2009--were related directly to the subprime crisis. -
PRESS RELEASE: Fitch: Sanlam Life Negative; Affirms IFS AA+(zaf) (Nasdaq)
Posted: May 26th, 2009, 7:41am EDT
Fitch Ratings-London-26 May 2009: Fitch Ratings has today changed the Outlooks on Sanlam Life Insurance Limited's (Sanlam Life) National Insurer Financial Strength (IFS) and National Long-term ratings to Negative from Stable. -
New Survey Data Shows Life Insurance Offers Many Seniors a Way to Generate Income in Retirement (Marketwire)
Posted: May 26th, 2009, 7:17am EDT
Almost All Seniors Hold a Life Insurance Policy, but Nearly Half Are Unaware It Can Be Sold for Cash Now, According to Golden Gateway Financial Poll -
Life insurance policies can provide peace of mind (Belfast Telegraph)
Posted: May 26th, 2009, 7:05am EDT
Question : I have recently read that I should ensure all my life assurance policies are written in trust. Is this the case? -
Achmea Holding Settles Life Insurance Dispute for $439 Million (Bloomberg)
Posted: May 26th, 2009, 5:03am EDT
May 26 (Bloomberg) -- Achmea Holding NV, the third-largest Dutch life insurer owned by Eureko BV, will pay about 315 million euros ($439 million) to settle a dispute about overcharging life-policy customers. -
Article would end Newbury officials' insurance (The Daily News of Newburyport)
Posted: May 26th, 2009, 3:28am EDT
NEWBURY and mdash; The Finance Committee wants to close a potentially costly loophole in the town insurance benefits program. Finance Committee Chairman Frank Remley said Town Meeting voters will be asked tonight to send a proposed bill to the Legislature that would effectively disqualify elected officials from participating in the municipal health and life insurance plans on the same terms as ... -
Three O'Fallon elected officials sign up for life insurance (Suburban Journals)
Posted: May 26th, 2009, 2:21am EDT
An ordinance O'Fallon councilmen passed unanimously in March to offer elected officials life insurance through the city's employee plan is getting its first test drive, only a few weeks after the newest councilmen were sworn in April 22. -
China Life raises equity investments as market rallies (China Daily)
Posted: May 26th, 2009, 1:00am EDT
China Life Insurance Co, the nation's largest insurer, increased equities holdings in its investment portfolio in the first quarter as the stock market rebounded, Vice President Liu Jiade said. -
Beware of money launderers, insurance companies urged (Zawya)
Posted: May 26th, 2009, 12:55am EDT
26 May 2009 Insurance companies in the UAE and the rest of the GCC have been urged to be aware of money launderers who are using life policies to get around tough new rules. -
Keep Tabs on Insurance That Covers Estate Tax (WallStreet Journal via Yahoo! Finance)
Posted: May 25th, 2009, 10:58pm EDT
Using life insurance to cover the death tax is common practice, but the strategy is blowing up some estate plans now. -
China Life sees weak life premium growth (BusinessWorld Online)
Posted: May 25th, 2009, 7:57am EDT
BEIJING — Chinese industry-wide life assurance premiums will grow marginally or even fall this year, due to a change in government regulations, China Life Insurance Co. Ltd. said yesterday. -
Huatai Life disciplined for sales irregularities (China Daily)
Posted: May 25th, 2009, 4:39am EDT
Huatai Life Insurance Company Ltd's Sichuan branch was severely disciplined by the local bureau of the China Insurance Regulatory Commission (CIRC) for illegal sales of universal insurance products. -
China Life Increased Equity Holdings in Portfolio (Update1) (Bloomberg)
Posted: May 25th, 2009, 3:01am EDT
May 25 (Bloomberg) -- China Life Insurance Co. , the nation’s largest insurer, increased equities holdings in its investment portfolio in the first quarter as the stock market rebounded, Vice President Liu Jiade said. -
(AFX UK Focus) 2009-05-25 08:19 UPDATE 2-China Life sees weak industry premiums, buys equities (Interactive Investor)
Posted: May 25th, 2009, 2:46am EDT
BEIJING, May 25 (Reuters) - Chinese industry-wide life assurance premiums will grow marginally or even fall this year, due to a change in government regulations, China Life Insurance Co Ltd said on Monday. China Life, the world's largest life insurer by market value, also said it had raised its investment in equities in the first quarter but reaffirmed that fixed-income would remain the core of ... -
Three O'Fallon elected officials sign up for life insurance (Suburban Journals)
Posted: May 25th, 2009, 1:59am EDT
An ordinance O'Fallon councilmen passed unanimously in March to offer elected officials life insurance through the city's employee plan is getting its first test drive, only a few weeks after the newest councilmen were sworn in April 22. -
China Life Bought CCB Shares in May as Financial Investment (Bloomberg)
Posted: May 24th, 2009, 11:27pm EDT
May 25 (Bloomberg) -- China Life Insurance Co., the nation’s largest insurer, bought H-shares in China Construction Bank from Bank of America earlier this month as a financial investment, the company’s securities representative Lan Yuxi said today. -
China Life Raised Equity Holdings in Investment Portfolio (Bloomberg)
Posted: May 24th, 2009, 10:25pm EDT
May 25 (Bloomberg) -- China Life Insurance Co., the nation’s largest insurer, increased its holding of equities in its investment portfolio in the first quarter, Vice President Liu Jiade said. -
Reliance to test water with insurance IPO (Financial Times)
Posted: May 24th, 2009, 9:18pm EDT
Reliance Capital is planning to become one of the first Indian companies to test the waters of the country's bullish post-election stock market with an initial public offering of its life insurance unit. -
Types of life insurance: What you must know (rediff.com)
Posted: May 23rd, 2009, 10:00am EDT
Why is life insurance important? Is it something that you should consider? Have you thought about your family's financial state, or your security after you've retired? How will you take care of them, or yourself? Before we get into the whys of life insurance, here's a brief overview: -
Reliance Capital to offload 26% in its life insurance subsidiary (Express India)
Posted: May 22nd, 2009, 3:36pm EDT
Reliance Capital has decided to offload 26% stake in its life insurance subsidiary, Reliance Life, soon and is evaluating couple of options to do so. -
Feds offer credit facility for life insurance firms (London Free Press)
Posted: May 22nd, 2009, 1:46pm EDT
The federal government announced assistance to Canada's insurance companies Friday to give them access to credit in the event of a financial market freeze-up. -
Ottawa offers credit facility for life insurance firms (Canadian Business)
Posted: May 22nd, 2009, 12:47pm EDT
OTTAWA - Ottawa announced assistance to Canada's insurance companies Friday to give them access to credit in the event of a financial market -
Ottawa offers credit facility for life insurance firms (The Canadian Press via Yahoo! Canada News)
Posted: May 22nd, 2009, 12:42pm EDT
OTTAWA - Ottawa announced assistance to Canada's insurance companies Friday to give them access to credit in the event of a financial market freeze-up. -
Canada Offering Guarantees of Life Insurers’ Debt (Update1) (Bloomberg)
Posted: May 22nd, 2009, 11:42am EDT
May 22 (Bloomberg) -- Canada began guaranteeing borrowings by life insurance companies in the latest effort to ease credit conditions for the country’s financial institutions. -
Insurance: How to leave a legacy (The Cincinnati Enquirer)
Posted: May 22nd, 2009, 4:49am EDT
In recent months, I have been approached by several people who were curious about the availability and cost of life insurance at the age of about 60. -
Three O'Fallon elected officials sign up for life insurance (Suburban Journals)
Posted: May 22nd, 2009, 2:33am EDT
An ordinance O'Fallon councilmen passed unanimously in March to offer elected officials life insurance through the city's employee plan is getting its first test drive, only a few weeks after the newest councilmen were sworn in April 22. -
When Life Insurance Becomes a Liability (New York Times)
Posted: May 21st, 2009, 2:08pm EDT
Owning life insurance is supposed to make you feel more secure. These days, it?s often a source of anxiety instead. -
A.M. Best Revises Outlook to Negative of United Heritage Life Insurance Company; Upgrades Issuer Credit Rating of ... (Business Wire via Yahoo! Finance)
Posted: May 21st, 2009, 9:48am EDT
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 United Heritage Life Insurance Company . -
Hotel plan to breathe new life into old insurance HQ (The Scotsman)
Posted: May 21st, 2009, 5:02am EDT
A NEW boutique hotel is set to be created within the historic former headquarters of insurance firm Scottish Life. -
Banks Use Life Insurance to Fund Bonuses (WallStreet Journal via Yahoo! Finance)
Posted: May 21st, 2009, 4:32am EDT
Banks are holding life-insurance policies on workers, with the firms as beneficiaries, a tactic to help pay executive bonuses and pensions. -
Credit Crunch Leads to Higher Term Life Insurance Premiums (PRWeb)
Posted: May 21st, 2009, 2:05am EDT
The premiums for new term life insurance policies are on the rise. That's according to Compulife Software, Inc., a company that manufacturers life insurance comparison software and which provides free online quotes to the public at www.term4sale.com. Compulife is encouraging consumers to make sure that they have taken advantage of today's low term life insurance prices before they go up. ... -
Three O'Fallon elected officials sign up for life insurance (Suburban Journals)
Posted: May 21st, 2009, 1:54am EDT
An ordinance O'Fallon councilmen passed unanimously in March to offer elected officials life insurance through the city's employee plan is getting its first test drive, only a few weeks after the newest councilmen were sworn in April 22. -
Life Insurance Settlement Association Launches New Membership Category for Agents (Marketwire)
Posted: May 20th, 2009, 1:49pm EDT
ORLANDO, FL--(Marketwire - May 20, 2009) - The Life Insurance Settlement Association has launched a new membership category exclusively for agents acting in the secondary market for life insurance. The new category, Provisional Membership, is tailored to meet the current and future demands of agents working to provide consumers with the tremendous value offered by life settlements. Previously, ... -
Life Insurance Settlement Association Launches New Membership Category for Agents (Marketwire via Yahoo! Finance)
Posted: May 20th, 2009, 1:33pm EDT
The Life Insurance Settlement Association has launched a new membership category exclusively for agents acting in the secondary market for life insurance. The new category, Provisional Membership, is tailored to meet the current and future demands of agents working to provide consumers with the tremendous value offered by life settlements. Previously, LISA provided one category, Voting ... -
Annuity, life insurance policy purchaser J.G. Wentworth files for bankruptcy (BizJournals)
Posted: May 20th, 2009, 10:32am EDT
J.G. Wentworth Inc., a financial services firm specializing in purchasing structured settlements, annuities and life insurance policies, filed for Chapter 11 bankruptcy protection Tuesday with hopes to reorganize. -
Banks Using Life Insurance to Pay for Bonuses (Fox News)
Posted: May 20th, 2009, 1:42am EDT
Banks are holding life-insurance policies on hundreds of thousands of their workers, with themselves as the beneficiaries. -
Research and Markets: Snapshot Czech Republic Non-Life Insurance 2009 Report (Business Wire via Yahoo! Finance)
Posted: May 13th, 2009, 3:30am EDT
DUBLIN----Research and Markets has announced the addition of the "Snapshots Czech Republic Non-Life Insurance 2009" report to their offering. -
Democratic Congressman Joseph Crowley Addresses IRS Revenue Rulings at the Life Insurance Settlement Association's ... (Marketwire)
Posted: May 12th, 2009, 4:22pm EDT
ORLANDO, FL--(Marketwire - May 12, 2009) - Hundreds of financial professionals gathered in New York City at the Life Insurance Settlement Association's (LISA) annual spring conference, held May 6 - 8, to address the most pressing concerns facing the life settlement industry. Among the top concerns were the recent Internal Revenue Service rulings clarifying the tax treatment of life settlements ... -
Democratic Congressman Joseph Crowley Addresses IRS Revenue Rulings at the Life Insurance Settlement Association's ... (Marketwire via Yahoo! Finance)
Posted: May 12th, 2009, 4:05pm EDT
Hundreds of financial professionals gathered in New York City at the Life Insurance Settlement Association's annual spring conference, held May 6 - 8, to address the most pressing concerns facing the life settlement industry. Among the top concerns were the recent Internal Revenue Service rulings clarifying the tax treatment of life settlements and a recent United States Senate Special Committee ... -
Slain man had $238,000 in life insurance (CNews)
Posted: May 12th, 2009, 1:25pm EDT
TORONTO -- An accused killer missed her boyfriend's funeral but tried collecting his life insurance policy four days after discovering his bludgeoned body in her bed, court heard yesterday. -
AccuQuote Offers Consumer Tips for Choosing the Right Life Insurance Professional (PRWeb)
Posted: May 12th, 2009, 8:05am EDT
AccuQuote.com, a leading provider of term life insurance quotes to people across the United States, suggests these tips to help consumers choose a life insurance agent they can feel comfortable with and trust. (PRWeb May 12, 2009) Read the full story at http://www.prweb.com/releases/lifeinsurance/agent/prweb2409414.htm -
AccuQuote Offers Consumer Tips for Choosing the Right Life Insurance Professional (PRWeb via Yahoo! News)
Posted: May 12th, 2009, 7:05am EDT
AccuQuote.com, a leading provider of term life insurance quotes to people across the United States, suggests these tips to help consumers choose a life insurance agent they can feel comfortable with and trust. -
AIG sells Tokyo headquarters to Nippon Life (Financial Times)
Posted: May 12th, 2009, 4:26am EDT
AIG, the troubled insurance group, is selling its Tokyo headquarters to Nippon Life for $1.2bn in cash, in one of the most closely watched deals since Japan’s property market was battered by the global financial crisis. -
Slain man had $238Gs life insurance (Toronto Sun)
Posted: May 12th, 2009, 2:48am EDT
An accused killer missed her boyfriend's funeral but tried collecting his life insurance policy four days after discovering his bludgeoned body in her bed, court heard yesterday. -
Nippon Life Agrees to Buy Tokyo AIG Building for $1.2 Billion (Bloomberg)
Posted: May 11th, 2009, 7:04pm EDT
May 12 (Bloomberg) -- Nippon Life Insurance Co. agreed to buy the Japanese headquarters of American International Group Inc., the insurer bailed out four times by the U.S. government, for about 115.5 billion yen ($1.2 billion). -
Nippon Life Agrees to Buy Tokyo AIG Building for $1.2 Billion (Bloomberg)
Posted: May 11th, 2009, 6:28pm EDT
May 12 (Bloomberg) -- Nippon Life Insurance Co. agreed to buy the Japanese headquarters of American International Group Inc., the insurer bailed out four times by the U.S. government, for about 115.5 billion yen ($1.2 billion). -
Non-life insurance cos cannot function as PFMs, says Irda (Express India)
Posted: May 11th, 2009, 3:48pm EDT
The insurance industry regulator Irda has said no to the insurance companies who want to act as collecting units for the new pension scheme and has set stringent conditions for the life insurers which want to set pension fund subsidiary. -
Minnesota outlaws life-insurance scheme (BizJournals)
Posted: May 11th, 2009, 2:02pm EDT
Minnesota has outlawed a complicated life insurance policy targeted toward seniors. -
Obama Proposes New Taxes on Dealers, Life Insurance (Bloomberg via Yahoo! News)
Posted: May 11th, 2009, 1:09pm EDT
May 11 (Bloomberg) -- President Barack Obama proposed raising money to pay for his health-care overhaul by imposing $58 billion in new taxes on securities dealers, life insurance products and Americans with valuable estates. -
Research and Markets: Snapshots Bulgaria Life Insurance 2009 Report Gives an Instant Overview of the Bulgarian Life ... (Business Wire via Yahoo! Finance)
Posted: May 11th, 2009, 11:16am EDT
DUBLIN----Research and Markets has announced the addition of the "Snapshots Bulgaria Life Insurance 2009" report to their offering. -
Obama Proposes New Taxes on Traders, Life Insurance (Update1) (Bloomberg)
Posted: May 11th, 2009, 10:51am EDT
May 11 (Bloomberg) -- President Barack Obama proposed raising money to pay for his health-care overhaul by imposing $58 billion in new taxes on securities dealers, life insurance products and Americans with valuable estates. -
Obama Proposes $58 Billion in Taxes on Traders, Life Insurance (Bloomberg)
Posted: May 11th, 2009, 10:36am EDT
May 11 (Bloomberg) -- President Barack Obama proposed $58 billion in new taxes on securities dealers, life insurance products and Americans with valuable estates to pay for his health-care overhaul. -
Insurer AIG sells Japan headquarters for $1.2 billion to Nippon Life Insurance Co. (Minneapolis-St. Paul Star Tribune)
Posted: May 11th, 2009, 10:10am EDT
CHARLOTTE, N.C. - Embattled insurer American International Group Inc. said Monday it is selling its Japanese headquarters to Nippon Life Insurance Co. for $1.2 billion in cash. -
AIG sells Tokyo headquarters to Nippon Life for 1.2 bln dlrs (AFP via Yahoo! News)
Posted: May 11th, 2009, 9:38am EDT
Bailed-out US insurance giant AIG on Monday said it will sell its prime Japanese headquarters in Tokyo to Nippon Life, Japan's largest insurer, for 1.2 billion dollars in cash. -
Predatory insurance policies banned in Minnesota (Minneapolis-St. Paul Star Tribune)
Posted: May 11th, 2009, 9:18am EDT
Elaborate life insurance schemes that can prey on elderly Minnesotans are now against the law in the state. Gov. Tim Pawlenty on Saturday signed into law a bill that outlaws so-called stranger-originated life insurance (STOLI) practices. -
AIG Said to Sell Tokyo Building to Nippon Life for $1.2 Billion (Bloomberg)
Posted: May 11th, 2009, 8:36am EDT
May 11 (Bloomberg) -- American International Group Inc., the U.S. insurer bailed out four times by taxpayers, plans to sell its Japanese headquarters to Nippon Life Insurance Co. for about 115 billion yen ($1.2 billion), according to two people familiar with the transaction. -
AIG Announces Sale of Prime Tokyo Real Estate Asset for Approximately $1.2 Billion in Cash to Nippon Life Insurance ... (Business Wire via Yahoo! Finance)
Posted: May 11th, 2009, 8:25am EDT
NEW YORK----American International Group, Inc. announced today an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Company. -
AIG Said to Sell Tokyo Building to Nippon Life for $1.2 Billion (Bloomberg)
Posted: May 11th, 2009, 8:19am EDT
May 11 (Bloomberg) -- American International Group Inc., the U.S. insurer bailed out four times by taxpayers, plans to sell its Japanese headquarters to Nippon Life Insurance Co. for about 115 billion yen ($1.2 billion), according to two people familiar with the transaction. -
Insurance and Transport (Mondaq)
Posted: May 11th, 2009, 7:30am EDT
Welcome to this April edition of the Insurance Market Update, in which we focus on issues in the life insurance industry. Since our last publication, many firms have been busy publishing their preliminary 2008 results and continue to deal with challenging market conditions. -
Is it time to review your insurance portfolio? (rediff.com)
Posted: May 11th, 2009, 7:00am EDT
In the rapidly changing economic scenario it is important you take a look at your insurance every three years. -
Integrated Scheduling and Mobility Solution to Drive Operational Efficiencies Across Its Motor Insurance Business (INO News)
Posted: May 11th, 2009, 6:48am EDT
(AP:BURLINGTON, Mass., May 11, 2009) (GLOBE NEWSWIRE) _ ClickSoftware Technologies Ltd. (Nasdaq:CKSW), the leading provider of mobile workforce management and service optimization solutions, today announced that Norwich Union, soon to be Aviva, the world's fifth-largest insurance group and the biggest in the UK, is deploying ClickSoftware's ServiceOptimization Suite, including ClickSchedule and ... -
Oegema, Nicholson & Associates Insurance Brokers (Ottawa Business Journal)
Posted: May 11th, 2009, 5:19am EDT
At Oegema, Nicholson & Associates Insurance Brokers, a commitment to professional excellence and advocacy on behalf of the industry comes second only to a more personal emphasis on helping others. -
Nigeria: Consolidation, Divergence Key to Insurance Growth - Babalola (AllAfrica.com)
Posted: May 11th, 2009, 5:03am EDT
Investors' hopes of new insurance licences may have dimmed following Federal Government's declaration that it wants bigger and stronger insurance companies who can play on the global stage. -
Plan for the Wedding and for Life in any Economy (Carteret County News-Times)
Posted: May 11th, 2009, 1:39am EDT
(ARA) - Planning for a wedding can be tough, especially when money is tight. But as you make your way through the mile-long checklist of things for the big day, have you thought about life after the wedding? -
New standards will help in making financial statements of insurance companies - public as well as private - easier for ... (India Infoline)
Posted: May 10th, 2009, 9:41pm EDT
The accounting regulator the Institute of Chartered Accountants of India (ICAI) has constituted an expert group to suggest sector-specific accounting norms for insurance companies. The move aims at ensuring that financial statements of insurance firms reflect true natures of financial arrangements. -
Insurance for health insurers: Legislation would cover catastrophic claims (Crain's Detroit Business)
Posted: May 10th, 2009, 8:16pm EDT
One of the centerpieces of legislation to reform the individual health insurance market that Rep. -
Insurance watchdog asks LIC to chalk out plan to cut 10% holdings in cos (Express India)
Posted: May 10th, 2009, 3:25pm EDT
Insurance regulator, Irda, has asked Life Insurance Corporation to chalk-out a plan to reduce its stake in those companies where it holds more than 10% and expects a response in the next 15-20 days, a senior Irda official said. -
(AFX UK Focus) 2009-05-10 14:12 Irish Life to unveil new holding structure-source (Interactive Investor)
Posted: May 10th, 2009, 8:47am EDT
DUBLIN, May 10 (Reuters) - Irish Life & Permanent will announce this week the creation of a new holding company to house its banking and life insurance businesses, a source familiar with the matter told Reuters on Sunday. "The company will clarify its position with respect to it corporate structure," said the source, who declined to be named because the changes will be presented at the group's ... -
(AFX UK Focus) 2009-05-10 14:12 Irish Life to unveil new holding structure-source (Interactive Investor)
Posted: May 10th, 2009, 8:46am EDT
DUBLIN, May 10 (Reuters) - Irish Life & Permanent will announce this week the creation of a new holding company to house its banking and life insurance businesses, a source familiar with the matter told Reuters on Sunday. "The company will clarify its position with respect to it corporate structure," said the source, who declined to be named because the changes will be presented at the group's ... -
New insurance legislation would raise rates (Miami Herald)
Posted: May 10th, 2009, 2:08am EDT
With the official start of the 2009 hurricane season only three weeks away, Florida property owners can anticipate higher homeowners insurance rates. -
Tannersville woman a 'champ' for N.Y. Life (Pocono Record)
Posted: May 9th, 2009, 11:36pm EDT
Linda Herenchak, a New York Life Insurance agent in Saddle Brook, N.J., who lives in Tannersville, has been named an Annuity Champion for 2008. -
AIG Near $1 Billion Tokyo Tower Sale to Nippon Life (Update1) (Bloomberg)
Posted: May 9th, 2009, 7:21am EDT
May 9 (Bloomberg) -- American International Group Inc. is close to selling its Tokyo headquarters building to Nippon Life Insurance Co., Japan’s largest life insurer, for about $1 billion, a person familiar with the situation said. -
Idaho working families can apply for free insurance (The Idaho Statesman)
Posted: May 9th, 2009, 1:06am EDT
Massachusetts Mutual Life Insurance Co. and Sage Wealth Management LLC, are giving away free $50,000 term life-insurance policies to benefit children of working families throughout the Boise area. -
Insurance company hiring sales personnel (Richmond Times-Dispatch)
Posted: May 8th, 2009, 11:04pm EDT
Massachusetts Mutual Life Insurance Co. plans to hire up to 40 sales agents in the Richmond area. The local office, at 4880 Sadler Road in Glen Allen, already employs 75 people. The planned hirings are part of a nationwide drive to recruit up to 4,000 people to sell life insurance, disability income insurance and long-term care insurance. -
Insurance planning for end of life (The Cincinnati Enquirer)
Posted: May 8th, 2009, 7:38pm EDT
Life insurance agents are usually well trained in ferreting out insurance needs and presenting appropriate solutions to those needs. But agents - and, I suspect, other advisors such as attorneys, accountants, and other planners - are not as conscious of the need to help with existing life insurance as the end of life approaches for a client. -
Penalized insurance firm may sell life plans anew (Yehey!)
Posted: May 8th, 2009, 11:44am EDT
PRUDENTIALIFE Plans Inc. hopes to regain its permit to sell life plans after the Securities and Exchange Commission (SEC) revoked its license last month. -
The hang glider's life insurance (Kitchener - Waterloo Record)
Posted: May 8th, 2009, 3:48am EDT
KITCHENER (May 8, 2009) -- In the world of hang gliding, the difference between life and death could come down to a small bundle of nylon. -
Nippon Life May Buy AIG’s Japanese Headquarters, Yomiuri Says (Bloomberg)
Posted: May 7th, 2009, 8:04pm EDT
May 8 (Bloomberg) -- Nippon Life Insurance Co. is likely to buy American International Group Inc.’s Japanese headquarters for 100 billion yen ($1 billion), the Yomiuri newspaper reported, without citing anyone. The sales contract may be signed as early as next week, the report said. -
At Their Choice at No Cost to the Town: Life Insurance Benefit Offered to Town Employees (Guilford Courier)
Posted: May 7th, 2009, 12:15pm EDT
By Fay Abrahamsson, Courier Senior Staff Writer: A supplemental life insurance policy offered to town employees with no cost to the town has been approved by the Board of Selectmen at its recent meeting. Human Resources Director Mitchell Goldblatt said Burt and Dava Vitale and Jessica Capone, all with the New York Life Insurance Company, approached him about offering full-time (28 hours ... -
Buying a life insurance policy on a stranger? (WBBM Newsradio 780 Chicago)
Posted: May 7th, 2009, 11:37am EDT
Dave Dahl/IRN WBBM Newsradio 780 Reporting It sounds like something out of dark comedy – finding someone who is about to die, taking out an insurance policy on him or her, and then cashing in as the beneficiary. In real life, it’s a STOLI (STOH-lee) – “stranger-originated life insurance.” An Illinois House committee is moving to ban that kind of -
A.M. Best Downgrades Ratings of Atlanta Life Insurance Company (Business Wire via Yahoo! Finance)
Posted: May 7th, 2009, 8:11am EDT
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to B from B+ and issuer credit rating to "bb+" from "bbb-" for the Atlanta Life Insurance Company . Atlanta Life is the life insurance member of Atlanta Life Financial Group, Inc. -
Following Standard & Poor`s review of eight Asia-Pacific life insurance markets, five markets have a negative outlook: ... (India Infoline)
Posted: May 7th, 2009, 6:26am EDT
Standard & Poor's Ratings Services had revised its overall outlook for the Asia-Pacific life insurance market to negative from stable to reflect the increasingly challenging operating environment. -
John Hancock introduces new variable universal life insurance product (Insurance Business Review)
Posted: May 6th, 2009, 8:52pm EDT
John Hancock Life Insurance has launched a new Protection VUL product, a variable universal life insurance policy that is reported to offer good cash value accumulation potential with strong death benefit protection options. -
Guardian Life Insurance introduces new healthcare program (Insurance Business Review)
Posted: May 6th, 2009, 8:51pm EDT
The Guardian Life Insurance Company of America has announced that it is offering a new healthcare plan that is reported to help employers and their employees save money on healthcare, while providing an array of benefits. -
'Gov't to lose P2.7B with tax relief on life insurance' (ABS-CBNNEWS.com)
Posted: May 6th, 2009, 10:11am EDT
The government will lose as much as P2.7 billion with the removal of taxes on life insurance products, the Finance Department warned. -
Liberty National Life Insurance holding interviews for 100 jobs (KSDK St. Louis)
Posted: May 6th, 2009, 8:57am EDT
Liberty National Life Insurance holding interviews for 100 jobs -
How much life insurance do you really need? (Bankrate.com)
Posted: May 6th, 2009, 6:43am EDT
Life insurance is something you buy and hope you'll never use. But if you have anyone in your life who depends on your income, you might want to give it some thought. The big questions to answer: Do you need it? If so, how much should you buy? And what kind should you get? -
Life insurance firm to hire 26 people in Dayton-area (Dayton Business Journal)
Posted: May 5th, 2009, 2:04pm EDT
The Dayton-area office of a life insurance company is looking to more than double in size, hiring 26 new employees. -
Insurance / Perspectives (Business News Americas)
Posted: May 4th, 2009, 12:34am EDT
The decision by the government of Trinidad & Tobago in late January to rescue holding company CL Financial, including its insurance and private pension unit CLICO, has a wide range of consequences for the insurance and banking industry in the country and across the Caribbean. -
Swine flu a travel insurance issue (BigPond News)
Posted: May 3rd, 2009, 11:26pm EDT
Travellers bound for overseas could be left with hefty medical bills, as insurance policies may not cover them for swine flu. -
Swine flu a travel insurance issue (Sky News Australia)
Posted: May 3rd, 2009, 11:23pm EDT
A financial research firm says travellers bound for overseas could be left with hefty medical bills, as their insurance policies may not cover them for swine flu. -
AIG’s Non-Life Unit May Seek Listing in a Year, Oriental Says (Bloomberg)
Posted: May 3rd, 2009, 7:40pm EDT
May 4 (Bloomberg) -- American International Group Inc. ’s non-life unit is seeking an initial public offering to raise funds to repay its parent’s debt, Oriental Daily reported, citing an executive. -
Life insurance cos witness rise in renewal premiums in 2008-09 (The Hindu)
Posted: May 3rd, 2009, 1:27pm EDT
Mumbai, May 3 Even though investors were wary of buying new life insurance policies in the just ended fiscal, they did ensure that they did not let their old policies lapse by paying their renewal premiums on time. -
Revenue targets 100,000 taxpayers over life policies (Sunday Business Post)
Posted: May 3rd, 2009, 12:12pm EDT
Tens of thousands of Irish taxpayers will be required to make declarations to the Revenue Commissioners as it extends its investigation into life insurance policies. -
Life insurance good fit with some estate plans (Iowa Farmer)
Posted: May 3rd, 2009, 2:27am EDT
How to split up assets at death has to be the hardest part of good estate planning. That’s particuarly so when there is one child who is continuing the family farm business and other children are not involved. -
Prudential Life open to investors to further beef up resources (Manila Standard Today)
Posted: May 2nd, 2009, 9:12am EDT
Family-owned Philippine Prudential Life Insurance Co. is open to the idea of taking in new partners to beef up resources and further expand its presence in the country. -
Military members may still be owed money from life insurance settlement (The Carthage Press)
Posted: May 1st, 2009, 2:42pm EDT
The Missouri Department of Insurance says military service members in the state may be owed some of the $2.3 million dollars still unclaimed from a national settlement in 2006 with a life insurance company. -
Higher Term Life Insurance Premiums Predicted (PRWeb via Yahoo! News)
Posted: May 1st, 2009, 2:01am EDT
Naperville Native Helps Clients Slash Expected Rise in Term Life Insurance Costs -
Time to Get Life Insurance Cover for Peace of Mind (PRWeb via Yahoo! News)
Posted: May 1st, 2009, 2:01am EDT
Post Office Life Insurance research finds that the average UK adult thinks they are worth £350K, but three quarters are without life insurance.