Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Swiss Re Study Sees Economy Improving in 2013; Casualty Lines Recover
Dec 11 2012 // Swiss Re’s latest study, “Global re/insurance review 2012 and outlook 2013/14” provides a somewhat optimistic forecast of the future state of the global economy and the insurance markets. Swiss Re said:...
Taiwan to Pay Life Insurer Transglobe $3 Billion in Record Bailout of Rival
Nov 28 2012 // Taiwan’s government will pay Transglobe Life Insurance T$88.4 billion ($3 billion) to take over ailing rival Kuo Hua Life after Transglobe beat out other competitors in the biggest taxpayer-funded bailout ever by the...
Using Life Insurance Policy Reviews to Improve Customer Retention
Nov 5 2012 // Clients value advisors who look out for their interests. They especially appreciate it when their representative is proactive in helping keep their financial house sound. One area that is often neglected is life insurance....
AIG Settles, Will Pay California Life Beneficiaries $25-$30M
Oct 22 2012 // AIG Insurance Co. will pay an estimated $25 to $30 million owed to California beneficiaries of life insurance policies, and an $11 million settlement payment. California Controller John Chiang began auditing AIG’s...
Best Reports Italy’s Non-Life Insurance Sector Faces Shifting Landscape
Oct 11 2012 // The Italian non-life insurance market faces changes as the sector is subject to new legislation and industry consolidation, while the country’s ongoing economic challenges constrain demand for coverage, according to...
Best’s Report on Spanish Non-Life Sector Finds Profits, Future Challenges
Oct 10 2012 // “The Spanish non-life insurance sector remained profitable in 2011, but growth remains challenging, as it continues to face one of the bleakest economic environments since the 1930s,” according to a new report...
India’s Battered Insurers May Need More than Foreign Investment
Oct 10 2012 // India’s proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation – but it may not pass parliament and it...
Prudential to Pay $615 Million for Hartford’s Life Insurance Unit
Sep 28 2012 // Prudential Financial Inc. will buy the individual life insurance business of Hartford Financial Services Group Inc. for $615 million in cash, the companies said on Thursday. Prudential said the deal would add scale to its...
Prudential Close to Deal to Buy Hartford Life Insurance Unit: WSJ
Sep 27 2012 // Prudential Financial Inc. is close to a deal to acquire the individual life insurance business of Hartford Financial Services Group Inc, and a deal could be struck as soon as Thursday, the Wall Street Journal reported. The...
N.J. Regulator Conducts Financial Literacy Seminar for Senior Citizens
Jul 31 2012 // New Jersey Department of Banking and Insurance Acting Commissioner Ken Kobylowski conducted a seminar last week with a group of approximately 30 senior citizens at the Ironbound Senior Center in Newark. Topics discussed...
Tennessee Court Says Killer Can Keep Insurance Money
Jul 20 2012 // A Tennessee appeals court has reluctantly ruled that a Johnson City man convicted of killing his wife in a bathtub for the insurance money can keep $200,000 in life insurance proceeds. The Knoxville News Sentinel reported...
Finaccord Survey Finds Growth in EU Commercial Non-life Brokerage Receipts
Jul 17 2012 // Newly released data from Finaccord, a London-based market research consultancy specializing in financial services, reveals that the market for commercial non-life insurance broking reached a value of €9.89 billion...
Driving History Seen as Predictor of Individual’s Lifespan
Jul 11 2012 // It appears that bad drivers live shorter lives than good drivers and not just because they get in accidents. The same motor vehicle driving records already widely used to help determine how much a consumer pays for car...
Swiss Re sigma Study Finds P&C Growth in Emerging Markets
Jun 27 2012 // Swiss Re’s latest sigma study concludes that “global overall premiums declined 0.8 percent in real terms in 2011. While non-life premiums expanded 1.9 percent on solid economic growth in emerging markets and...
Oklahoma Judge Rules Against OSU, Pickens in lawsuit
Jun 22 2012 // A Payne County judge ruled against Oklahoma State University’s athletic fundraising arm and its top booster, T. Boone Pickens, in their attempt to recover money spent on life insurance premiums in the school’s...
Best Affirms Kemper Corp., Subs and Affiliates Ratings
Jun 18 2012 // A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of the property/casualty subsidiary and affiliated insurance companies...
EU Insurers Still Coming to Terms with Solvency II as Start Date Nears
Jun 8 2012 // “Over the next 18 months it’s estimated that Ireland will spend 100 million euros (app. $125 million) on preparations for Solvency II (SII),” said Garvan O’Neill, a partner in...
Best Affirms State Farm Mutual, Affiliates & Subs Ratings
Jun 4 2012 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its...
Prudential Buying U.S. Life Insurance Business from Swiss Re
May 31 2012 // Britain’s No.1 insurer Prudential Plc on Thursday said it will buy life insurer SRLC America Holding Corp. from Swiss Re AG for 398 million pounds in cash. It said the purchase would be made through...
Virginia Regulators End Shenandoah Life Insurance Co.’s Receivership
May 9 2012 // A Roanoke, Va.-based insurance company is no longer in receivership. The State Corporation Commission announced Tuesday that it ended Shenandoah Life Insurance Company’s receivership because of a successful...
