Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Cotton States to Affiliate With Country P/C Pool
Dec 31 2003 // Atlanta-based Cotton States Insurance Group and Country Insurance & Financial Services of Bloomington, Ill., have entered into definitive agreements implementing their prior agreements regarding the acquisition of...
Report N.Y. Prosecutors Find More Evidence of Slayings to Collect Life Insurance
Dec 1 2003 // Federal prosecutors in Queens have been conducting an ongoing investigation into unsolved killings of a number of persons who had recently taken out life insurance policies. The investigation was triggered by the arrest...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
Kansas City Life Declares Quarterly Dividend
Jul 29 2003 // The Board of Directors of Kansas City Life Insurance Company declared on July 28, 2003 a quarterly dividend of $ .27 a share. The dividend will be payable on August 25, 2003, to stockholders of record on August 11,...
Best Affirms ‘A’ (Excellent) Rating for Zurich Financial
Jun 2 2003 // A.M. Best Co. announced that it has affirmed the financial strength ratings of ‘A’ (Excellent) for the Zurich Financial Services Group (ZFS), Switzerland, and its core subsidiaries. “The outlook remains...
Kansas City Life Insurance Company First Quarter, 2003 Earnings Release
May 9 2003 // Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to...
S&P Affirms American National ‘AA’ Ratings
May 8 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and financial strength ratings on American National Insurance Co., “based on the company’s...
S&P Says Taiwan’s General Insurers Return to Stability
Apr 29 2003 // Standard & Poor’s Ratings Services, in a new publication entitled “Taiwan Insurance Outlook 2003,” announced that it has revised its outlook on Taiwan’s nonlife insurance sector to stable from...
S&P Lowers AEGON’s Ratings to ‘A+/A-1’
Apr 9 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on AEGON N.V. (AEGON) to ‘A+/A-1’ from ‘AA-/A-1+’ “because of Standard &...
Kansas City Life and GuideOne Group of Companies sign Stock purchase agreement for GuideOne Life Insurance Co.
Mar 31 2003 // Kansas City Life Insurance Company and The GuideOne Group of Companies, based in West Des Moines, Iowa, have signed a definitive agreement under which Kansas City Life will buy all of GuideOne Life Insurance...
Kansas City Life and GuideOne Group of Companies Sign Stock Purchase Agreement for GuideOne Life Insurance Co.
Mar 31 2003 // Kansas City Life Insurance Company and The GuideOne Group of Companies, based in West Des Moines, Iowa, have signed a definitive agreement under which Kansas City Life will buy all of GuideOne Life Insurance...
Former Life Insurance Counsel Named Ill. Insurance Director
Mar 4 2003 // Gov. Rod Blagojevich, a Democrat, has appointed a former life insurance company lawyer the state’s new director of the Illinois Department of Insurance. J. Anthony Clark, 50, worked for 10 years as counsel for...
NY Man Arrested in WTC Life Insurance Fraud
Feb 26 2003 // NY authorities announced the arrest of Merle D. Hover of Glen Aubry, New York, on charges of insurance fraud and attempted grand larceny stemming from a fraudulent claim he submitted stating that his daughter was killed in...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
A.M. Best Assigns ‘A+’ Rating to Nichido Fire and Marine Co. Ltd.
Feb 14 2003 // A.M. Best Co. has assigned an initial financial strength rating of A+ (Superior) to The Nichido Fire and Marine Insurance Company, Ltd., Tokyo, Japan, with a negative outlook. The company has a financial size category of...
AIG To Establish Life Insurance Company in Ukraine
Jan 7 2003 // American Life Insurance Company (ALICO), a subsidiary of American International Group, has received a license from the Ministry of Finance to operate a wholly owned life insurance company in Ukraine. The operation will be...
Fraud Charges Filed in Two Counties Against North Carolinian
Dec 19 2002 // North Carolina Insurance Commissioner Jim Long, in conjunction with Chief Tom McCarthy of the Fayetteville Police Department and Chief Tommy Hagens of the St. Pauls Police Department, announced the arrest of Eugenia Rose...
New Swiss Re Study Finds Lowest Growth in Premiums Since 1980’s
Dec 5 2002 // A new Swiss Re Sigma report released yesterday concluded that overall global premium income reached $2.408 trillion in 2001; while that’s a lot, it’s only a “modest 1 percent growth over 2000,”...
