Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
China’s Probe of Regulatory Chief Won’t Slow Insurers’ Overseas M&A: Opinion
Apr 11 2017 // Xiang Junbo, the man on whose watch China’s insurance industry flourished, is now himself under investigation. As Bloomberg News reported over the weekend, China’s anti-graft agency is probing the...
Trial Concludes for Virginia Man Accused of Killing Son for Insurance
Apr 10 2017 // Joaquin Rams is either a father unjustly accused in the tragic, unexplained death of his 1-year-old son, or he is the most cold-blooded of murderers who snuffed the life from his boy to collect half a million dollars in...
Citigroup to Seek Bancassurance Distribution Partners in APAC Region: Source
Mar 28 2017 // Citigroup Inc. will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of...
Half of Global Insurance Premium Growth Tied to China: Allianz Research
Mar 21 2017 // Allianz Research projections show that total global premium income rose to a new record high of 3,650 billion euros ($3.9224 billion U.S. dollars) last year (excluding health insurance). In a year-on-year comparison, the...
Chinese Watchdog Weighs Relaxing Rules for Big Insurers’ Overseas M&A
Mar 6 2017 // China’s insurance regulator is considering an industry shake-up that could see the biggest and most solvent firms resuming an overseas expansion, while smaller, riskier insurers would come under tighter scrutiny. The...
State Farm Lost $7 Billion on Auto in 2016
Mar 1 2017 // State Farm joined the ranks of property/casualty insurers reporting challenges in their auto insurance line of business. State Farm said it lost $7 billion on its auto insurance underwriting in 2016. The State Farm...
Michigan Insurance Department Launches Online Complaint Form
Feb 10 2017 // The Michigan Department of Insurance and Financial Services (DIFS) announced a new online tool to assist Michigan consumers with the filing of electronic complaints. The Office of Consumer Services (OCS) at DIFS will use...
Now in Paperback: Sales Training Book Equips Millennial Insurance Agents to Serve Retiring Baby Boomers
Jan 25 2017 // Featuring sales tips and scripts from more than 35 experienced insurance agents selling Final Expense life insurance and Medicare Supplements, Portland, OR, January 23, 2017 – Consistently top-rated in Amazon reviews and...
Illinois Treasurer Wants to Ensure Life Insurance Payouts
Jan 25 2017 // A measure backed by Illinois’ treasurer could help ensure that insurance companies have paid out money properly to beneficiaries of life insurance policies. The proposed legislation would require companies to examine...
Brexit Cost Implications to Weigh on UK Re/Insurers: A.M. Best Report
Jan 20 2017 // The cost implications of the loss of passporting rights after the UK exits the European Union will weigh on re/insurers, as will any resultant economic downturn. However, A.M. Best does not anticipate taking any rating...
China’s Regulator Toughens Insurer Licensing Requirements: Sources
Dec 22 2016 // China’s insurance regulator is making it much tougher for insurers to get new licenses as it seeks to reduce risks resulting from the aggressive business and investment practices of some players, said three people...
ANZ’s Life Unit Attracts Interest from Suitors in Japan & Hong Kong: Sources
Nov 18 2016 // Australia and New Zealand Banking Group’s sale of its life insurance and wealth business, which has been valued at $3.33 billion by the bank, is attracting interest from Japan’s Meiji Yasuda and Hong Kong-based...
Chinese Insurance Spree Continues as China Oceanwide Bids $2.7 Billion for Genworth
Oct 24 2016 // China Oceanwide Holdings Group Co. has agreed to purchase Genworth Financial Inc. in a $2.7 billion cash deal, joining a record buying spree by Chinese companies as they seek to boost growth overseas. Monday’s deal...
Swiss Re Corporate Solutions Licensed to Offer Non-Life Insurance in Hong Kong
Sep 1 2016 // Swiss Re Corporate Solutions announced that its wholly owned Luxembourg subsidiary, Swiss Re International SE, has obtained formal authorization from the Office of the Commissioner of Insurance Hong Kong to carry on...
Iowa in Middle of Debate Over ‘Shadow Insurance’ Deals
Aug 31 2016 // For cash-strapped life insurance companies, the deal sounds almost too good to be true: A state law allows them to create complex financial instruments to transfer liabilities to new subsidiaries, instantly wiping huge...
Tokio Marine in Talks to Acquire RHB’s Non-Life Insurance Unit: Sources
Aug 30 2016 // Tokio Marine Holdings Inc, is in exclusive talks to buy RHB Bank’s general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer’s products through the Malaysian lender,...
Illinois Treasurer Looking into How Life Insurance Companies Avoid Payouts
Aug 17 2016 // Illinois Treasurer Michael Frerichs is launching a series of public hearings to explore how life insurance companies avoid paying death benefits. The first hearing is set for this morning in the city council chambers in...
Settlements Reached in North Dakota with 4 Life Insurers
Aug 5 2016 // North Dakota Insurance Commissioner Adam Hamm announced settlement agreements with four life insurance companies related to their use of the Social Security Administration’s Death Master File (DMF). As part of the...
AXA to Sell Its Romanian Life & Savings Operations to Vienna Insurance Group
Aug 4 2016 // AXA said it has entered into an agreement with Vienna Insurance Group to sell its life & savings insurance operations in Romania and exit the Romanian market. Under the terms of the agreement, Vienna Insurance Group...
A Financial Army Moves in When a Police Officer Is Killed
Jul 11 2016 // As America absorbed the news of five murdered Dallas police officers, Frederick Frazier grimly signed $2,000 checks, one after another. They were for the families of the slain. “So many people are calling and want to...
