All the headlines from our Life Insurance Topic Page, ordered by recency.
Jun 22 2011 // Washington Insurance Commissioner Mike Kreidler has fined insurance companies, agents and brokers more than $750,000 in 2011. Violations included charging unapproved rates and submitting false documents.From January...
Jun 9 2011 // A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a” from “a-” of State Farm General...
May 26 2011 // Standard & Poor’s Ratings Services has published a report, which concludes that the Indian non-life insurance sector has “substantial growth potential because market penetration remained low–leaving...
May 16 2011 // Gov. Nathan Deal has signed legislation that will allow the sale of insurance across state lines.Deal signed the measure Friday. Supporters contend the bill would lower insurance costs by introducing more competition....
May 11 2011 // The European insurance industry is becoming increasingly aware that the Solvency II regulations, which are scheduled to take effect as of January 1, 2013, will not only impose a different set of rules for the industry, but...
May 9 2011 // The Texas Department of Insurance says a recent industry survey shows that many life insurance companies place policy proceeds into Retained Asset Accounts (RAAs) instead of paying proceeds directly to the beneficiaries....
May 3 2011 // Bank insurance brokerage fee income in 2010 reached a record level as it rose 7.9 percent from $12.36 billion in 2009 to $13.33 billion in 2010, according to a new report.The report, compiled by Michael White Associates...
Apr 29 2011 // An Ohio program begun a little over a year and a-half ago has tracked down nearly 450 lost life insurance policies, typically for families of Ohioans who have died. The successes were out of more than 680 valid requests...
Apr 28 2011 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of the life/health subsidiaries of Netherlands-based AEGON N.V.’s...
Apr 27 2011 // Five Japanese life insurers say they may buy more unhedged foreign bonds, believing that the yen is likely to weaken and that the currency risks are low enough for them not to take on higher hedging costs, a stance that...
Mar 25 2011 // Standard & Poor’s Ratings Services has conducted a detailed analysis of 15 Japanese P/C insurers, and has made several adjustments in its ratings following the earthquake and tsunami, which hit the country on...
Mar 16 2011 // A.M. Best Co. has issued a bulletin indicating that it does not “expect an immediate rating impact on Japanese non-life insurers and reinsurers due to the March 11, 2011 earthquake in Japan. However, the...
Mar 15 2011 // Fitch Ratings has issued a bulletin, indicating that it “believes that while the 11 March earthquake in Japan will be among the largest insured losses in history, such losses can be absorbed by the insurance and...
Mar 14 2011 // A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be...
Mar 11 2011 // Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has announced the agency’s top insurance fraud and enforcement cases of 2010.The DOI opened more than 160 consumer insurance fraud cases last...
Feb 25 2011 // American International Group Inc. reported net income of $11.2 billion for the quarter ended Dec. 31, 2010, and $7.8 billion for the full year 2010.Included in the 2010 fourth quarter results is a previously announced $4.2...
Feb 11 2011 // Standard & Poor’s Ratings Services announced that its ratings on American International Group Inc. (A-/Negative/A-2) and AIG’s insurance subsidiaries “are not affected by the company’s...
Feb 1 2011 // American International Group, Inc. (AIG) reported it has closed the sale of its Japan-based life insurance subsidiaries, AIG Star Life Insurance Co. Ltd. and AIG Edison Life Insurance Co., to Prudential Financial Inc. for...
Jan 28 2011 // Yesterday Standard & Poor’s Ratings Services announced that it had lowered its sovereign rating on Japan to ‘AA-‘ from ‘AA’. The rating agency followed up that action by announcing that it...
Jan 21 2011 // In their recently released 2011 World Insurance Report Capgemini and Efma explore how insurers can “dissect their business to identify opportunities that will make fundamental and lasting improvements to their core...