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Judge Rules to Liquidate Frank Whitbeck's Signature Life Insurance
So far it hasn't been a good 2010 for Frank B. Whitbeck. Last week, Pulaski County Circuit Court Judge Jay Moody ruled that the Arkansas Insurance Department could liquidate Whitbeck's insolvent Signature Life Insurance Co. of Little Rock.... -
Pacific Life's investment losses Prospect
Fitch Ratings Inc. lowered its credit ratings on Newport Beach-based Pacific Life Insurance Co. and its parent company and predicts more investment losses for the life insurer. New York-based Fitch took Pacific Life and its parent down a no... -
John Hancock Reorganizes, Narrows From Five Life Insurers to Three
With the close of the year, John Hancock Financial Services announced the completion of a reorganization that reduced its primary life insurers from five to three and also shuffled some other components of the company. John Hancock Life Ins... -
New RMBS Calculation to Save Life Insurers $5 Billion
A new evaluation of the risk-based capital requirements that life insurers face when they invest in residential mortgage-backed securities will free up approximately $5 billion in capital industrywide. A determination by Pimco Advisory, con... -
US Life Insurers Bracing for Second Wave of Losses From Commercial Real Estate
Many U.S. life insurers are likely bracing for losses linked to their investments in commercial real estate but unlike 2008's residential mortgage market crisis, this time around, it's different. And the industry should be trying to raise m... -
Fort Dearborn Life Insurance Announces New Brand Name
Fort Dearborn Life Insurance Company along with several affiliate companies has announced that it will begin marketing its products and services under the newly created brand name Dearborn National. The affiliate companies marketing under th... -
Minnesota Life Offers Help With GINA - Genetic Information Nondisclosure Act
ST. PAUL, Minn. , Jan. 6 /PRNewswire/ -- While much of the Genetic Information Nondisclosure Act (GINA) remains to be interpreted in terms of rules and regulations, the employment section of GINA that incorporates procedures and remedies fo... -
CRM Holdings information as Global Insurance Index rose 0.71%
The U.S. Life Insurance Index led the sector indexes, with the U.S. Insurance Brokers Index trailing the list. In descending order, the A.M. Best Insurance Stock Indexes closed at: U.S. Life Insurance Index (AMBUL) +2.69% U.S. Multi-Line In... -
METLIFE SELLS OVER 1 MLN LIFE INSURANCE POLICIES IN INDIA
Private life insurer Metlife Monday said the number of life insurance policies it has sold in India has crossed the 1 million mark. It is indeed a moment of pride for us at MetLife to achieve the 1 million-mark... This achievement gains all... -
Plan to Shift Sun Life Everbright Life into Chinese Remains
To inject CNY 299.4 million into Sun Life Everbright Life Insurance Co., Ltd. with Sun Life Financial Service is a part of China Everbright Group's plan to infuse capital into the Sino-Canadian insurer. The plan to shift Sun Life Everbright... -
CENTRAL HUIJIN TO PAY US$594 MLN TO TAKE OVER NEW CHINA LIFE
China Central Huijin should pay 4.058 billion yuan (US$594.31 million) in a lump to buy 38.815 per cent of New China Life Insurance's shares from China Insurance Security Fund Co. Ltd., according to people familiar with the transaction. The... -
Ping An Cut Equity Investment Position by CNY10bn
Ping An Insurance (Group) Company of China, Ltd. (SHSE: 601318 and SEHK: 2318) began sending out redemption orders to fund managements firms and cutting stock position from last week. So far, funds it redeemed and stocks position it cut has... -
Buyers Of AIG's Taiwan Life Assets Face More Regulatory Hold-Ups
Buyers of American International Group Inc.'s [18540] Taiwanese life insurance unit, Nan Shan Life Insurance Co. Ltd. [86003], are facing more hurdles in the regulatory review process for the deal in Taiwan. Chinatrust Financial Holding Co.... -
Nippon Life First-Half Net Triples as Investments Improve
Nippon Life Insurance Co. [85457], Japan's largest mutual life insurance group, saw its first-half net income surge on improved investment income, even as premiums fell. First-half net income rose to 125.3 billion yen (US$1.4 billion), from... -
China's Sunshine Life Approved for Shanghai Branch
Beijing-based Sunshine Life Insurance Co. Ltd. won regulatory approved to set up a branch in Shanghai. Earlier in November, Sunshine Life's sub-branch in southern China's Shenzhen commenced operations, bringing its total operations in Shenz... -
Canada's Life Insurance Industry - Political, Economic, Social and Technological Framework Analysis R
The life and health insurance industry plays an important role in the lives of Canadians by providing insurance against unexpected events and helping individuals plan their financial future. Traditional insurance, such as life and health, s... -
Benazir Smart Card to benefit people living below poverty line: FM
Foreign Minister Makhdoom Shah Mehmood Qureshi said on Saturday that government is going to issue Benazir Smart Cards to benefit people living below the poverty line in the country. While addressing public meetings in different parts of NA-... -
Best Removes From Under Review, Affirms Ratings of Liberty Bankers Life Insurance Company and Subsidi
A.M. Best Co. has removed from under review with negative implications and affirmed the financial strength rating (FSR) of B- (Fair) and issuer credit ratings (ICR) of ? bb-? of Liberty Bankers Life Insurance Company (LBL) and its primary l... -
Edelweiss Capital to form life insurance joint venture with Tokio Marine Holdings
Edelweiss Capital Limited has entered into an agreement with Tokio Marine Holdings, Inc. to establish a life insurance joint venture in India to be called Edelweiss Tokio Life Insurance. Edelweiss Capital is an India-based provider of inves... -
Update: Phoenix Reinsures Small Life Book With Swiss Re
Phoenix Cos. Inc. said it has reinsured a small block of in-force life insurance to Reassure America Life Insurance Co., a Swiss Re subsidiary. Terms of the transaction, including the types of life insurance policies in the block, were not...
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Indexed Annuity Sales Set A Rec
Forty-seven indexed annuity carriers participated in the 48th edition of the Advantage Index Sales Market... -
Lincoln Financial Group To Pay
Copyright: PR Newswire Source: PR Newswire Wordcount: 1673 PHILADELPHIA, March 31 / PRNewswire-FirstCall... -
Bank BOLI Assets Exceed $126 Bi
According to Report by Michael White and Meyer-Chatfield Radnor, PA, and Jenkintown, PA, June 23, 2009... -
American Enterprise, Homesteade
(BestWire Services Via Acquire Media NewsEdge) American Enterprise Group Inc. and Homesteaders Life Co.... -
Blue Cross Blue Shield of North
BISMARCK, N.D. Blue Cross Blue Shield of North Dakota has named insurance industry executive Paul von... -
IRS Rules on Tax Treatments of
The Internal Revenue Service has released much anticipated revenue rulings that specifically address the... -
Is It Safe? Conseco Stares Down
Copyright 2009 TheStreet.com, Inc.All Rights Reserved TheStreet . com May 29, 2009 Friday 03:59 AM EST... -
Brokers' Choice of America and
Charging Violations Of Civil Rights, Lawsuit Alleges Datelines Reporters Obtained False State Insurance... -
IRS Rules Deferred Compensation
In a recently released private letter ruling, the Internal Revenue Service (IRS) held that a nonqualified... -
Fla. regulators may inspect all
A federal judge in Florida has affirmed the state Office of Insurance Regulation's right to inspect all...
Featured
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Class Action Suit against Natio
Apr. 16--Attorneys on Wednesday filed a class-action lawsuit against Nationwide Insurance, claiming the... -
MetLife's Bank Passes Federal G
MetLife Inc., a federally chartered bank holding company, said it passed the federal government's stress... -
New York Life’s Top Ratings A
NEW YORK--(BUSINESS WIRE)-- New York Life Insurance Company today announced that all four of the major... -
Total Admitted Assets for Top 2
OLDWICK, N.J., Mar 30, 2009 (A. M. Best via COMTEX) -- Total admitted assets for the top 25 U.S. life/health... -
Inflation factor in retirement
NEWARK, N.J.--(BUSINESS WIRE)-- A dollar today wont be a dollar tomorrow, it may be more like 50 cents.... -
Insurance Department Releases R
Harrisburg, Pa., July 30 / PRNewswire-USNewswire / - The Insurance Department of Pennsylvania today released... -
TARP or no TARP, Your Life Insu
Copyright 2009 MarketWatch.com Inc.All Rights Reserved MarketWatch April 8, 2009 Wednesday 4:36 PM EST... -
Patrick O'Sullivan to succeed C
Old Mutual plc (Old Mutual) is pleased to announce today that Patrick O'Sullivan will succeed Chris Collins... -
Two concentrations joined MassM
Merger between two financial services organizations MassMutual Ashley Smith, The Telegraph, Nashua, NH... -
Pacific Life Re announces longe
Pacific Life Re, the US specialist life reinsurer, has secured a 1.5 billion longevity contract with Abbey... -
Securitization Of Life Insuranc
This article was originally published in the July 2009 Life Settlements Review Life insurance settlements... -
Actor Chris Noth to Share Story
This summer and fall, Chris North will team up with the insurance industry to help tackle a major problem...
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