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Posted: August 31st, 2010, 11:36am EDT
LONDON--(BUSINESS WIRE)--A.M. Best Co. has placed the financial strength rating of B++ (Good) and issuer credit rating of “bbb+” of CIGNA Life Insurance Company of Europe S.A. – N.V. (CLICE) (Belgium) under review with positive implications. The rating actions follow the acquisition of Vanbreda International NV by the CIGNA group. Although the acquired company will be held as a sister company to ...
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Posted: August 31st, 2010, 7:45am EDT
NEW YORK----A MetLife study has found that a gender gap in life insurance coverage exists between working, married men and women with children under the age of 18. According to findings released today from MetLife’s 8th Annual Study of Employee Benefits Trends, married men with minor children have, on average, five times their annual household income in life insurance coverage – if they have ...
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Posted: August 31st, 2010, 6:30am EDT
Understanding common life insurance myths can help steer your insurance decisions in the right direction.
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Posted: August 31st, 2010, 5:03am EDT
AUSTIN, TX--(Marketwire - 08/31/10) - Austin Ventures, one of the nation's leading growth equity firms, announced today that it has formed a life insurance distribution company with Bob Carter, co-founder of National Financial Partners (NYSE). This new company will provide exclusive ownership opportunities for the nation's leading independent insurance producers. AV has invested $5 million and ...
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Posted: August 31st, 2010, 4:01am EDT
Thirty percent of U.S. households have no life insurance, and only 44 percent have individual life insurance -- both 50-year lows -- the latest survey from industry tracker Limra found. In 2009, insurance companies issued 9.4 million individual life insurance policies in the U.S., 1 million fewer than in 2004.
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Posted: August 31st, 2010, 2:01am EDT
Nearly half of U.S. households would have immediate financial trouble if the primary breadwinner died today, according to LIMRA. AccuQuote, a leader in providing term life insurance quotes to people across the country, illustrates ways to save on life insurance during hard economic times.
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Posted: August 30th, 2010, 9:01pm EDT
- OLI set to Improve Operational Efficiency and Gear up for Growth in the Thai Market - ElixirAsia Policy Administration System implementation to Cover Both Individual Life and Group Life
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Posted: August 30th, 2010, 5:42pm EDT
The number of American households with individual life insurance has hit a 50-year low, according to the Windsor-based trade research firm Limra.
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Posted: August 29th, 2010, 11:01pm EDT
COLUMBIA, Mo. -- Shelter Life Insurance Company, which has a branch in Greencastle, has been recognized by Ward Group as a top-performing life insurer for the fourth consecutive year. The "Ward's 50"...
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Posted: August 28th, 2010, 2:11pm EDT
When Ferguson-Florissant Superintendent Jeff Spiegel retires atthe end of this school year at age 56, he'll leave the districtwith the rare benefit of health insurance coverage for the rest ofhis life.
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Posted: August 28th, 2010, 9:45am EDT
Three Life Insurance Corporation (LIC) officials were killed and one was critically injured when a truck hit their car in this Jharkhand city Saturday, police said.
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Posted: August 28th, 2010, 12:09am EDT
Bangalore, Aug 27: India's largest life insurer, Life Insurance Corporation of India, has crossed of One crore mark Individual Policies for the current financial year, with First Premium Income of Rs 15,917 crore in the fortnight ended August 14, 2010.
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Posted: August 27th, 2010, 6:57am EDT
China Life Insurance (LFC) gapped open sharply lower Thursday, but traded in a range for the bulk of the session. The stock closed down by 2.24 at $59.01 on strong volume.
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Posted: August 27th, 2010, 2:34am EDT
China Life Insurance (2628) expects a more complex market environment in the second half, amid low bond yields and volatile stock markets.
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Posted: August 26th, 2010, 7:38pm EDT
China Life Insurance Co on Thursday reiterated that it has no plans to buy a stake in American International Assurance (AIA), a subsidiary of American International Group (AIG).
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Posted: August 26th, 2010, 6:16am EDT
German insurance group Ergo is scouting for partners to enter the Indian life insurance business.
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Posted: August 26th, 2010, 3:13am EDT
China Life Insurance Co. , the nation’s biggest insurer, fell the most in nine months in Hong Kong trading after Citigroup Inc. said first-half earnings were “weak” and cut the share-price estimate by 12 percent.
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Posted: August 25th, 2010, 10:10pm EDT
China Life Insurance Co., the country's biggest life insurer, said Thursday its first-half profit rose 7.4 percent as premium growth offset weak stock market returns.
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Posted: August 25th, 2010, 11:08am EDT
U.S. life insurance sales rose 7 percent in the three months ended June 30, the second straight quarter of growth, as clients returned to buying policies after a slump last year.
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Posted: August 25th, 2010, 4:00am EDT
The Penn Mutual Life Insurance Company commemorates the 90-year anniversary of the passing of the 19th Amendment with new findings from its second annual Worth® Survey for Women, which found that 71 percent of women surveyed believe they are independent. These women also report being on or ahead of target when it comes to achieving financial goals.
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Posted: August 24th, 2010, 4:57pm EDT
MUMBAI: IDBI Fortis Life Insurance Co. has changed its name to IDBI Federal Life Insurance Co. Ltd. IDBI Fortis is a joint venture of IDBI Bank, Federal Bank and Fortis Insurance International. The name change follows Fortis' decision to globally change its name to Ageas this year.
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Posted: August 24th, 2010, 3:56pm EDT
Searches for life insurance information grew to 16.6 million queries last year, an increase of 15 percent over 2008, according to comScore.The online market research firm also says that during the same time period, consumers requested more than 2 million online quotes for life insurance. ...
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Posted: August 24th, 2010, 6:55am EDT
Blended life: best of both worlds? Life insurance gives you peace of mind but can also cost a bundle, especially if you want a policy that covers you throughout your lifetime.
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Posted: August 23rd, 2010, 8:30am EDT
Reliance Life Insurance Company (RLIC), part of Anil Ambani-led Reliance Capital, Monday said it has crossed the milestone figure of Rs.15,000 crore in assets under management (AUM) and plans to double this by 2011-12.
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Posted: August 23rd, 2010, 2:30am EDT
Ping An Insurance (2318) and China Life Insurance (2628) are expected to see first-half net profit growth offset by lower investment income, analysts said.
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Posted: August 23rd, 2010, 1:36am EDT
UK-based insurer Aviva has rejected a proposal from RSA to acquire its general insurance businesses ... Aegon, a provider of life insurance and pensions services, has adopted SkySparc' business intelligen ...
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Posted: August 23rd, 2010, 1:34am EDT
A national anti-abortion group is asking Gov. Bev Perdue to look into the details of a new [University of North Carolina] system requirement that all students have health insurance. Students for Life of America has asked Perdue to investigate a number of issues surrounding the UNC system's new health insurance program for students.
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Posted: August 22nd, 2010, 6:41pm EDT
Come September, and Indias life-insurance industry will undergo a major overhaul, as new regulations governing the popular unit-linked insurance products, or ULIPs, take effect.
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Posted: August 22nd, 2010, 1:39pm EDT
The employees of public sector general insurance companies and Life Insurance Corporation (LIC) are set to get a 17.5 per cent wage hike with the government nod to this effect likely in September. The four public sector insurance companies have submitted the report to the finance ministry on August 17 asking for a 17.5 per cent across the board wage hike.
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Posted: August 22nd, 2010, 3:25am EDT
New Delhi, Aug 22 (PTI) The employees of public sector general insurance companies and Life Insurance Corporation (LIC) are set to get a 17.5 per cent wage hike with the Government nod to this effect likely in September.
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Posted: August 22nd, 2010, 1:27am EDT
New Delhi, Aug 22 (PTI) Anil Ambani Group company Reliance Life Insurance will infuse Rs 250 crore to fund business expansion plans in FY'11, out of which Rs 70 crore was pumped in during the first quarter itself.
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Posted: August 20th, 2010, 12:27pm EDT
Congress values the benefits of life insurance. This is evident from the favorable tax treatment afforded such insurance. To name a few tax advantages:
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Posted: August 20th, 2010, 2:19am EDT
VietNamNet Bridge Non-life insurance revenue reached VND8.24 trillion (US$429.21 million) in the first six months of this year, the Association of Vietnamese Insurers announced on Monday.
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Posted: August 19th, 2010, 3:47pm EDT
I have the honor of serving as the 2010 chairman of the Life and Health Insurance Foundation for Education. LIFE is a national nonprofit dedicated to ...
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Posted: August 19th, 2010, 11:25am EDT
ATLANTA----Track-Life, LLC today announced that the company recently secured a contract to service a multi-billion dollar life insurance settlement portfolio. Company executives believe it is one of the largest life settlement servicing engagements in recent industry history.
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Posted: August 19th, 2010, 11:12am EDT
The Japan-based insurer, along with its technology partner T&D Information Systems, is also working on an outsourcing program.
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Posted: August 19th, 2010, 11:05am EDT
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/e0db0c/indian_life_insura) has announced the addition of the "Indian Life Insurance Sector: Sector Report" report to their offering. This industry profile is an essential tool to help your company gain an in-depth knowledge and competitive advantage in the industry. The profile is ...
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Posted: August 19th, 2010, 10:08am EDT
ARMONK, N.Y., Aug. 19 /PRNewswire-FirstCall/ -- IBM (NYSE: IBM) and Taiyo Life Insurance and T&D Information System today announced that the companies have built a virtual client environment in order to improve the operational workflow of Taiyo Life Insurance by utilizing the IBM Smart Business Desktop. The new environment began operation on July 20, 2010. (Logo: http://photos ...
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Posted: August 19th, 2010, 9:24am EDT
MINNEAPOLIS----Allianz Life Insurance Company of North America today named Marty Vanderzanden as the new director of Special Investigations. In this role, Vanderzanden will be responsible for assessing the companys exposure to fraud and will manage the investigations of all fraud allegations.
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Posted: August 18th, 2010, 7:27pm EDT
A rush on life insurance sales to beat the July 1 tax changes helped drive the almost 40% rise in half-year earnings for AMP Financial Services. The wealth manager and insurer today revealed operating earnings of $41 million for the six months to June 30 up $12 million or just under 39% on the same time last year. AMPs New Zealand managing director Jack Regan said the increase was driven by ...
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Posted: August 18th, 2010, 10:51am EDT
Life insurance companies generally use a system of "debits and credits" to determine the bottom line for life insurance premiums.
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Posted: August 18th, 2010, 2:24am EDT
Dear Harry: I have a life insurance dilemma that I hope you can explain to me. (As a backup to this letter, I have enclosed a photocopy of the policy.) The policy is for $25,000. I have faithfully paid the premiums on time for the last 20 years. Last week
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Posted: August 18th, 2010, 1:44am EDT
LONDON (MarketWatch) -- Swiss Life Holding said Wednesday that its first-half net profit rose 89% to 268 million Swiss francs ($257 million) from 142 million francs a year earlier. The company said gross written premiums grew 18% to 12.24 billion francs, as a fall in operating expenses helped offset higher insurance benefits and claims. "Our first-half performance shows that we are on track with ...
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Posted: August 18th, 2010, 12:59am EDT
Munich Res Chief Executive Officer Nikolaus von Bomhard has concerns about the profitability of the life insurance business, Financial Times Deutschland reported, citing an interview.
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Posted: August 18th, 2010, 12:18am EDT
Retiree, dental, vision and life insurance are not included in the IACT bid that was received by the city Tuesday, Garry said.
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Posted: August 17th, 2010, 11:40pm EDT
An easy guide to help you buy the right insurance plan for you.
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Posted: August 17th, 2010, 8:24pm EDT
The right kind of whole life insurance policy can be a valuable part of your portfolio. The problem is you are unlikely to be presented with the "right kind" by your friendly insurance agent.
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Posted: August 16th, 2010, 10:33pm EDT
A Los Angeles fraud ring sought to cash in on life insurance policies for individuals who were still living.
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Posted: August 16th, 2010, 5:42pm EDT
The life insurance industry's use of so-called retained asset accounts is getting an airing in Seattle, where state insurance commissioners have gathered.
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Posted: August 16th, 2010, 5:20am EDT
Mumbai, Aug 16 : ICICI Prudential Life Insurance launches 'iProtect' a complete online term insurance plan here today.
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Posted: August 16th, 2010, 4:44am EDT
A consortium of leading Chinese companies including Industrial and Commercial Bank of China and China Life Insurance , plans to bid for a 30 percent stake in American International Group s Asian life insurance business, AIA , Reuters said , citing a report by the 21st Century Business Herald.
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Posted: August 15th, 2010, 11:44pm EDT
State insurance regulators , under pressure to improve disclosure of death-benefit payment options, issued a consumer alert about the industry practice of retaining funds rather than paying them in a lump sum.
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Posted: August 15th, 2010, 11:08am EDT
Anil Ambani Group's life insurance venture Reliance Life has sold the highest number of policies among private players in the first quarter of the current fiscal.
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Posted: August 15th, 2010, 10:04am EDT
AIA, the Asian unit of American International Group, said it has signed a US$1.85 million life insurance policy with a client in southern of Vietnam, the largest deal of its kind in the country to date.
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Posted: August 14th, 2010, 8:25pm EDT
Most people have too much. This 5-step process can help pinpoint your needs The purpose of life insurance is to allow your family members to pay the bills and live their lives as planned despite your absence.
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Posted: August 13th, 2010, 1:50pm EDT
The Indian life insurance industry has seen a reduction in the number of branches and agency force in the last one year, data compiled by the life insurance council, show.
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Posted: August 13th, 2010, 7:07am EDT
Asian Life Insurance Co Ltd (ALICL) saw the largest number of share trading amongst all the insurance companies whose shares were traded in Nepal Stock Exchange (NEPSE) between July 12 to August 12. The ALICL traded 62,980 units of shares worth Rs 15,688,890 in 1,746 transactions.
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Posted: August 13th, 2010, 5:00am EDT
A life insurance policy issued shortly before a man's death raises suspicions of fraud.
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Posted: August 13th, 2010, 4:56am EDT
Dear Dr. Don, My brother passed away three months ago. Now his widow and daughter are saying someone took out a life insurance policy on him 30 days before he died. His doctors had only given him five weeks to live. They say Social Security won't pay his medical bills because of this policy.
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Posted: August 13th, 2010, 4:26am EDT
A Chester life insurance salesman has filed a federal lawsuit against the city and its police department, alleging police slandered, defamed and harassed him without cause.
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Posted: August 12th, 2010, 11:19pm EDT
The country's largest life insurer is planning to slash more than eight per cent from its premiums for new customers, just weeks after a tax overhaul lead to an industry-wide increase in the cost of life insurance.The Government...
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Posted: August 12th, 2010, 3:37pm EDT
OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has removed from under review and downgraded the financial strength rating to B++ (Good) from A- (Excellent) and issuer credit ratings to bbb+ from a- of OM Financial Life Insurance Company (Baltimore, MD) and its wholly owned subsidiary, OM Financial Life Insurance Company of New York (Purchase, NY) (together known as OM Financial Life). The ...
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Posted: August 12th, 2010, 7:00am EDT
FALLS CHURCH, Va.----CSC today announced the winners of its second annual Innovation Awards, recognizing life insurance and annuity companies for their innovation and leadership in the areas of technology and quality enhancement.
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Posted: August 11th, 2010, 9:06am EDT
Albeit temporarily, government employees and retirees can heave a sigh of relief following the extension of their existing life insurance coverage with Individual Assurance Company to Dec. 31, 2010.
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Posted: August 11th, 2010, 8:39am EDT
NEW YORK--(BUSINESS WIRE)--New York Life Insurance Company, Americas largest mutual life insurer, today announced strong gains in sales of life insurance, income annuities, long-term care insurance, and mutual funds, as well as an increase in the field force for the first six months of 2010. Surging Life Insurance Sales Individual life insurance sales increased 47% through June, compared to an ...
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Posted: August 10th, 2010, 9:17am EDT
For the second consecutive year, HM Life Insurance Company was named to the list of Ward's 50 top performing insurance companies. Such recognition indicates financial stability and the ability to grow while maintaining strong capital positions and underwriting results.
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Posted: August 9th, 2010, 7:51am EDT
The U.S. Department of Veterans Affairs is writing about 10,000 beneficiaries of military and veterans' life insurance policies to say that payments held in Prudential Financial Inc. accounts are safe and can be withdrawn at any time. "We want to assure you... Prudential Financial - United States Department of Veterans Affairs - Veteran - Life insurance - Insurance
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Posted: August 9th, 2010, 7:00am EDT
Forethought Life Insurance Company , a leading provider of insurance and financial products, today announced it has been named among the nation's top 50 highest-performing life-health insurance companies in the prestigious 2010 Ward's 50® ranking.
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Posted: August 6th, 2010, 9:25am EDT
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/60d292/snapshots_colombia) has announced the addition of the "Snapshots Colombia Non-Life Insurance 2010" report to their offering. Snapshot Colombia Non-Life Insurance 2010 provides 2009 year-end market size data, with 2010 estimates, 5 years of historical data and five-year ...
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Posted: August 6th, 2010, 4:57am EDT
Old Mutual , Africas biggest insurer, rose to the highest in more than two years in London trading after announcing a return to profit and the sale of its American life-insurance unit, Bloomberg News reports.
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Posted: August 6th, 2010, 3:59am EDT
Life Insurance Corp. of India, the countrys largest money manager, said its assets under management rose 32 percent in the fiscal year ended March 31.
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Posted: August 6th, 2010, 3:19am EDT
Life Insurance Corp: To Invest INR2 Trillion In Equity, Bonds This Fiscal Year
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Posted: August 6th, 2010, 12:17am EDT
Massachusetts Mutual Life Insurance Co., Aflac Inc. and Hartford Financial Services Group Inc. are among U.S. life insurers that buck the industry practice of automatically holding onto death benefits.
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Posted: August 5th, 2010, 8:15pm EDT
BOOSTED by strong economic conditions, Singapore's life insurance industry registered a 34 per cent growth to $2.61 billion in new business premiums in the first half of this year. In terms of weighted new business premiums, the sales growth is 28 per cent to $671 million. The weighted figures are adjusted to include 10 per cent of single premium sales and all of regular premium sales.
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Posted: August 5th, 2010, 5:14am EDT
WOODLAND HILLS, Calif., Aug. 5 /PRNewswire/ -- Anthem Life Insurance Company is pleased to introduce Productivity Solutions- an innovative program that integrates health care programs with short-term disability programs for employer groups with 51 or more employees. Productivity Solutions leverages all of the integration points across health, absence and disability management programs to help ...
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Posted: August 5th, 2010, 2:07am EDT
SINGAPORE : Singapore's life insurance sector saw a 16 per cent on-year rise in new business premiums in the second quarter.
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Posted: August 4th, 2010, 9:06am EDT
The Missouri and Kansas insurance departments said Tuesday that they were checking for complaints over a practice in which life insurance companies were reportedly profiting from the deaths of U.S. soldiers.
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Posted: August 3rd, 2010, 7:38am EDT
Question: I'm 33, make about $150,000 a year and am starting from scratch to plan for retirement. A person close to me wants to sell me life insurance with a cash value feature as a way to save. Can you help me here? What do you think is my best option? --Carlos R., Houston, Texas