Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry
Dec 22 2017 // Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C...
Tennessee Returns $6.5M in Restitution to Insurance Consumers in 2017
Dec 22 2017 // Tennessee consumers received $9.4 million in restitution and the recovery of life insurance benefits in 2017, according to the Tennessee Department of Commerce & Insurance’s (TDCI) Consumer Insurance Services...
Zurich Insurance to Acquire ANZ’s Life Businesses in Australia for US$2.14B
Dec 11 2017 // Zurich Insurance Group announced that it has entered into an agreement to acquire 100 percent of ANZ’s life insurance businesses, OnePath Life, in Australia, for A$2.85 billion (US$2.14 billion). Both parties expect...
‘Substantial’ Rate Hikes Expected As Re/Insurers’ Results Take a Hit: Swiss Re
Dec 4 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely affected by the second half of the year’s three hurricanes and earthquakes in Mexico–which will lead to rate hardening for...
Trump Nominates Life Industry’s Workman to Replace Woodall on Financial Stability Panel
Dec 1 2017 // President Donald Trump wants Thomas E. Workman, an attorney and former life insurer trade group leader, to be the independent insurance industry’s voting member of the Financial Stability Oversight Council (FSOC) for...
As Re/Insurers’ Results Are Hit, ‘Substantial’ Rate Hikes Expected: Swiss Re
Nov 22 2017 // Non-life re/insurers’ full-year underwriting results are likely to be severely impacted from the second half’s three hurricanes and earthquakes in Mexico, which will lead to rate hardening for non-life insurers...
Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims
Nov 20 2017 // The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The...
Georgia CPA Arrested for Falsifying Insurance Apps, Taking $11K in Benefits
Nov 16 2017 // A certified public accountant (CPA) in Georgia has been arrested and charged with insurance fraud by Special Fraud Investigators from the Georgia Department of Insurance (GADOI), according to a statement from Georgia...
Nippon Life Eyes Buying MassMutual Japan Unit for Bancassurance Sales: Sources
Oct 5 2017 // Japan’s biggest private-sector life insurer, Nippon Life Insurance Co., is in talks to buy a majority stake in the domestic unit of U.S.-based MassMutual Financial Group in an attempt to boost its bancassurance...
AIA Buys Commonwealth Bank of Australia’s Life Insurance Business for A$3.8B
Sep 21 2017 // AIA Group Ltd. agreed to buy Commonwealth Bank of Australia’s life insurance business for A$3.8 billion (more than $3 billion), in its most ambitious foray beyond the Hong Kong-based company’s core markets in...
Indian Insurer ICICI Lombard Hopes to Raise $892 Million with IPO
Sep 8 2017 // ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year...
Indian IPOs Headed for Record Year as Insurers Seek to Raise Funds
Aug 21 2017 // Indian initial public offerings are headed for a record year, as a rush of insurers seek to ride a rally in the local market and tap increasing investor demand for financial assets. At least four Indian insurers are aiming...
Virginia Man Gets Life Without Parole for Killing Son for Insurance
Aug 4 2017 // A Virginia man convicted of murdering his 15-month-old-son to collect on life insurance was sentenced Tuesday to life in prison without parole. Joaquin Rams of Manassas, Va., was convicted earlier this year in the 2012...
Beazley Launches Dublin-Based Insurer to Write Non-Life Insurance in EU
Jul 18 2017 // Specialist insurer Beazley has received authorization from the Central Bank of Ireland to convert its established Dublin-based reinsurance company into an insurance company permitted to transact business throughout the...
China Regulators End Insurer Deal Spree, Favoring Risk Managers, over Risk Makers
Jul 14 2017 // The revolution in China’s insurance industry that helped unleash about $80 billion of acquisitions started with a whimper and ended with a bang. With little fanfare, China’s top insurance official, Xiang Junbo,...
Generali to Sell $50B German Life Business to Restructure in Europe: Sources
Jul 13 2017 // Generali has put its 44 billion euro ($50 billion) German life insurance portfolio up for sale as it restructures in Europe, sources close to the matter said. Morgan Stanley is evaluating options, including a sale, for...
Indy 500 Drivers Race Past Talk of Their Insurance, Says Agent
May 18 2017 // At least half of the Indianapolis 500 field will share more than steely nerves and a love of speed. They have the same agent for insurance, including some policies they’d rather not contemplate. Life...
Bush Beats Trump! And Other Insurance Political Giving News
Apr 25 2017 // Monumental views on insurance and risk in the nation’s capital? Surely we jest. Well, we will take an occasional dip into the Potomac waters to poke fun, but overall we hope this reporting on insurance and risk as...
UK’s Aviva Buys Remaining 50% Share in Vietnam Joint Venture
Apr 24 2017 // Aviva plc has acquired VietinBank’s entire 50 percent shareholding in its life insurance joint venture VietinBank Aviva Life Insurance Ltd. Aviva also has signed a new distribution agreement with VietinBank to sell...
Global Insurance Industry Set to Grow by 4.5% in 2017-2018: Munich Re
Apr 21 2017 // The global insurance industry is set to grow more strongly at 4.5 percent per annum on average (3.0 percent in real terms, or adjusted for inflation) during 2017 and 2018, according to Munich Re. While premium income is...
