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21st Century Holding Co. Leads Wednesday's AMBG as Global Insurance Index Rises 1.08%

The AMBG closed Wednesday, Nov. 11, at 817.29 (+1.08%). All 15 A.M. Best stock indexes rose. Leading A.M. Best's Global Insurance Composite Index (AMBG) were 21st Century Holding Co. (+10.08%) and Investors Heritage Capital Co. (+7.87%). Tr...

Manulife Financial Posts Third-Quarter Net Loss on Lower Bond Rates, Higher Reserves

Manulife Financial Corp. posted a third-quarter net loss, driven by lower corporate bond rates and after increasing reserves on segregated fund guarantee products, including variable annuities. The net loss amounted to C$172 million (US$161...

Pacific Life Foundation Announces 2009 Economic Impact Grant Program for Nonprofits Providing Health and Human Services in Orange County

The Pacific Life Foundation has announced that it will provide one-time Economic Impact Grants to health and human service nonprofit agencies serving Orange County whose services and/or staff have been or will be reduced or eliminated as a...

Industry Analysts Rate Aflac's Investor Relations Best in the Insurance/Life Category

NEW YORK, April 20 / PRNewswire / - Aflac announced today that Institutional Investor has named the Georgia insurance company as soon as the life insurance category for investor relations (IR). Aflac received the top selection among the U.S....

Insurers Focus Now On Reallocation, Risk Management

Most insurers of property damage and life more and more to find and keep their greatest business challenge and react to recession by increasing the allocation of cash and strengthen risk management, a survey reveals. The research was reporte...

Michael Jackson’s Death Raises Event Cancellation Issues

The sudden death of the King of Pop, Michael Jackson, leaves behind some uncertainty in the insurance world regarding coverage for his scheduled 50 live performances at Londons O2 Arena. Bart Nash, chief press officer, Lloyds C for Lloyds of...

Americans Don't Understand Long-Term Care Insurance

NEWARK, N.J.--(BUSINESS WIRE)--An aging American workforce is increasingly concerned about long-term care needs and the benefits available through employers, according to a report released by Prudential Financial, Inc. (NYSE: PRU - News). Bu...

PMA Capital Leads Wednesday's AMBG as Global Insurance Index Rises 1.59%

The European Insurance Index led the sector indexes, the U.S. Multi-Line Insurance Index trailing the list. In descending order, the AM Best Insurance Stock Indexes closed at: European Insurance Index (AMBEUR) +3.96% U.S. Health and HMO Insu...

CIRC Rules Urge AXA to Sell Stake in Taikang Life

The stake is estimated at USD 1.06 billion, or CNY 7 billion, and the first-round bidding will be held this Friday. The deal is expected to be completed before the end of this year, said the French insurer. Taikang Life was established in B...

Life Settlement Association Proudly Names Todd Associates, Inc. as Organization's Endorsed Insurance Broker

In the spring of 2008, the Life Insurance Settlement Association (LISA) launched a search among its members for an insurance broker to officially endorse. A call for submissions went out to all qualifying LISA members. Proposals were receiv...

Unity Life completes acquisition of insurance business of MetLife Canada

Unity Life of Canada has announced the completion of the assumption reinsurance agreement under which the company has acquired substantially all of the insurance business of MetLife Canada, a subsidiary of MetLife. Unity Life said that it w...

Temasek, Blackstone Said to Bid for 15.6% of Taikang Life

Temasek Holdings, Blackstone Group and KKR are said to bid for a 15.6 percent stake AXA SA plans to sell in Chinese insurer Taikang Life Insurance Co., Ltd. The 15.6 percent stake is estimated at USD 1.05 billion by the French insurer and th...

Updating life insurance details can help ensure cost savings and protection

Following recent research suggesting that more than three million UK adults are unsure of which type of life insurance (http://www.postoffice.co.uk/portal/po/jump1?catId=19300223 amp;mediaId=61000695) policy they hold , the Post Office is ur...

NAIC HELPS MILITARY RESEARCH, RECOVER LIFE INSURANCE

The National Association of Insurance Commissioners (NAIC) today released a search tool to help military servicemembers research and recover compensation they are entitled to receive, according to a 2006 multistate regulatory settlement agre...

Life and health insurance industry takes leadership role in promoting mental health in the workplace

Canada's life and health insurance industry has taken a leadership role by committing to a strategy to address the issue of mental health in the workplace. The life and health insurance industry has clearly demonstrated its commitment to su...

New York Life Chief: Industry Should Use Judgment Over Financial Models

A lesson the life industry likely has learned following the financial crisis is that it's better to use personal judgment than rely too much on sophisticated financial models, says the chief of the largest mutual life insurer in the United...

See consumers life insurance as a way to help offset the value of lost assets because of financial volatility

Americans believe life insurance can help bridge the gaps for loved ones created by losses in their financial portfolio, according to a report, Renewed Relevancy of Life Insurance in Stormy Economic Times issued by Prudential Financial, Inc...

Security Mutual Life Insurance Company of New York presents the new product annuity immediate liquidity Features

Security Mutual Life announces the introduction of a new retirement income product: an immediate annuity contract. The product provides a guaranteed lifetime income to the purchaser and comes at a time when more and more baby boomers are lo...

Continuation of Life Insurance Coverage As an Annuitant or Compensationer

1. Basic Insurance What is Basic insurance? That is the coverage equal to your annual basic pay, rounded up to the next $1,000, plus $2,000 (or a minimum of $10,000). Will I have Basic insurance in retirement? If you are eligible and want t...

Research and Markets: Snapshots France Insurance 2009 - An Instant Overview on Life Insurance and Non-Life Insurance in France

Research and Markets (http://www.researchandmarkets.com/research/6af859/snapshots _france_i) has announced the addition of the Snapshots France Insurance 2009 report to their offering. Snapdata's Snapshots France Insurance 2009 provides 200...