Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Insurers See Lower 3Q Income, S&P Revises Life Insurer Outlook
Oct 10 2008 // U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency Standard & Poor’s cut its outlook for the industry on Friday. The Progressive...
AIG to Sell 3 Japanese Life Insurance Companies
Oct 6 2008 // Embattled insurer American International Group Inc. said it will sell three of its Japanese life insurance businesses. As part of its effort to pay off a massive U.S. government loan, AIG has decided to unload Alico Japan,...
Fitch On AIG Rating Watch Revision
Sep 18 2008 // On Sept. 17, Fitch Ratings revised its Rating Watch on American International Group Inc. (AIG) and its subsidiaries to Evolving from Negative following the announcement that its board has approved a transaction under which...
People
Sep 1 2008 // Aon Corporation recently announced that Karen Reutter has joined Aon Construction Services Group in a newly created position of senior vice president. Based in Minneapolis, Reutter is one of a number of strategic hires...
Grange Insurance Names Benz President of Life Group
Aug 7 2008 // Grange Insurance recently added Michelle Benz as president of the Grange Life Insurance Company. She replaces Tom Welch, previous president of Grange Life who was promoted to chief financial officer of Grange Insurance in...
China’s CNinsure Expands into Jiangxi Province
Jul 18 2008 // CNinsure Inc. (NASDAQ:CISG), an independent insurance agency and brokerage company operating in China, announced the signing of a set of definitive agreements with several individual entrepreneurial agents to jointly...
Georgia Revokes Life Insurer’s License
Jul 7 2008 // Georgia’s insurance commissioner has revoked the license of a life insurance company, banning it from selling policies in the state. It’s the first time John Oxendine has barred an insurer from the state since...
Global Insurance Premiums Top $4 Trillion
Jul 7 2008 // Swiss Re’s latest sigma study reports that the global insurance industry’s results from 2007 show that insurance premium income grew 3.3 percent in real terms to $4.061 trillion. The growth was “primarily...
Lloyd’s Examines Growth of Polish Insurance Industry
Jun 13 2008 // While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the...
Fitch Affirms State Farm’s ‘AA+ Ratings; Stable Outlook
Jun 4 2008 // Fitch Ratings has affirmed its ‘AA+’ Insurer Financial Strength (IFS) ratings on State Farm Mutual Automobile Insurance Company, State Farm Life Insurance Company and State Farm Life and Accident Assurance...
S&P Keeps Nationwide on CreditWatch
Jun 2 2008 // Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative...
S&P Report Foresees Improvement in UK Non-Life Insurance Sector
May 29 2008 // A new report from Standard & Poor’s Ratings Services – “U.K. Non-Life Insurance Underwriting Performance Should Improve In 2008, But Underlying Performance May Deteriorate” – notes that,...
Widower, Industry Seek Change in Mass. Life Insurance Claims Law
May 13 2008 // When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. Barely in their 30s, they passed the insurance company’s physicals, applied for a $500,000...
Insurance Sector Ranks Second in Federal Political Giving
Apr 21 2008 // The nation’s lobbyists spent $17 million for every day that Congress was in session, watchdog group says Corporations, industries, labor unions, governments and other interests spent a record $2.79 billion in 2007 to...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
Unitrin Completes Acquisition of Fire and Life Insurer Primesco
Apr 2 2008 // Unitrin, Inc. reported that it has completed its previously announced acquisition of Primesco, Inc. of Decatur, Alabama, in a cash merger transaction valued at $95.6 million. Primesco’s wholly-owned subsidiaries,...
Research & Markets Issues Czech ‘Snapdata’ Report
Feb 22 2008 // Research and Markets announced the addition of “Snapshots Czech Republic Non-Life Insurance 2008” to their offering, as part of the research firms ‘Snapdata’ series. The report “provides 2005...
Lawsuit Claims Ala.-Based Insurance Co. Discriminated Against Haitians
Jan 25 2008 // Three Florida residents have sued Alabama-based Liberty National Life Insurance Co. claiming their insurance was canceled or undervalued because of discrimination against Haitian-Americans. The new class-action lawsuit was...
Fitch Affirms AIG, Subs ‘AA’ Ratings
Jan 16 2008 // Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is...
Fitch Says UK Non-Life Insurers are ‘Well-Positioned in Challenging Market’
Dec 21 2007 // Fitch Ratings has issued a report indicating that it is maintaining a stable outlook on the UK non-life insurance sector, “as insurers remain on the path of underwriting discipline in the face of more challenging...
