Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Allianz Appoints Bowers New Asia CEO
Aug 11 2004 // Germany’s Allianz announced that Bruce Bowers has been appointed CEO of Allianz Insurance Management Asia Pacific Pt. Ltd., based in Singapore, with effect from September 1, 2004. He will succeed Alan Wilson who has...
N.C. Commissioner Signs Race-Based Premium Settlements with Trio of Companies
Jul 29 2004 // North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina. The settlements with the companies,...
Direct Insurers “On the Road to Recovery” Says New Swiss Re Sigma Study
Jun 28 2004 // A newly published Swiss Re sigma study found that “the direct insurance industry is on the road to recovery with further progress expected this year.” Worldwide premiums for life and non-life insurance grew by...
IMSA Stakes Role as Market Conduct Model
Jun 21 2004 // Life insurers have driven the push to federalize insurance regulation in part because of the speed-to-market issue—it takes longer for them to roll out new products, as compared to their competitors who are selling...
Sixth Defendant Involved in ‘Executive Life Affair’ Pleads Guilty to Deceiving Federal Regulators
Jun 10 2004 // A chartered accountant based in Paris pleaded guilty this week to aiding and abetting the concealment of material facts from the Federal Reserve Bank as part of a scheme that helped Credit Lyonnais illegally take over a...
$110 Million from Settlement in Credit Lyonnais Case Transferred to Calif. Commissioner’s Office
Jun 1 2004 // $110 million paid by Artemis S.A. in a settlement with the United States Attorney’s Office in connection with the Credit Lyonnais criminal case has been transferred to the California Insurance Commissioner, United...
S&P Reports on Japan’s Non-life Insurers
May 28 2004 // Standard & Poor’s Ratings Services has issued a report on the unconsolidated financial results of Japan’s 10 major non-life insurers for fiscal 2003 (ended March 31, 2004), indicating that they are...
Swiss Re Completes Admin Re Acquisition of CNA’s Individual Life Insurance Business
May 3 2004 // Swiss Re announced that it has completed its previously announced Admin Re acquisition of CNA Financial Corp.’s individual life insurance business for approximately $700 million. “The in force business, which...
Study: Life Industry Can’t Ignore Obesity
Apr 8 2004 // The increasing prevalence of obesity is too significant for the life insurance industry to ignore, according to a Swiss Re study. The report analyses the impact of obesity on mortality trends, and identifies the...
Study Backs Dual Regulation of Life Industry
Mar 30 2004 // A 10-month study by researchers at the Isenberg School of Management at the University of Massachusetts Amherst finds that federal action is needed to prompt needed improvements in the regulation of the life insurance...
MetLife Receives Approval for China Joint Venture
Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday. The U.S. company has a 50 percent stake in the...
Five Arrested in Fla. Scheme to Defraud Seniors
Mar 22 2004 // Florida Chief Financial Officer Tom Gallagher and Attorney General Charlie Crist announced the arrests of five south Florida residents on charges that they systematically defrauded hundreds of senior citizens in an...
COUNTRY Insurance & Financial Services Awaits Reg. Approval of Cotton States Insurance Transactions
Mar 12 2004 // In an update to definitive agreements announced with Atlanta-based Cotton States Insurance Group in December 2003, COUNTRY Insurance & Financial Services has filed the required Form A with the Georgia Insurance...
Generation X and Y Adults Reportedly More Willing to Obtain Insurance from Resources Besides Agents
Feb 24 2004 // Vertis (www.vertisinc.com), a provider of targeted advertising, media and marketing services, announced the results of its Customer Focus 2004: Insurance study, which reportedly reveals that some consumer audiences are...
Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Manning Riddell Sued Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Baby Boomer Wealth Transfer
Feb 23 2004 // Today’s planners sit on the leading edge of what is expected to be the greatest transfer of wealth in the history of America. The economic boom of the 1990s created an unprecedented amount of personal wealth in...
Manning Riddell Named Defendant in Lawsuit
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...
Swiss Re to Acquire CNA’s Life Business for $690 Million
Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...
Six More Lawsuits to be filed tomorrow by Holocaust Survivors
Jan 16 2004 // Six Holocaust survivor families, have filed lawsuits to recover life insurance benefits due to them arising out of the death of their heirs during the Holocaust. The lawsuits claim that Generali, a large Italian insurer,...
