All the headlines from our Life Insurance Topic Page, ordered by recency.
Oct 16 2008 // Balance sheet pressures for insurance and reinsurance companies globally have become more severe as insurers experience greater unrealized market value losses, and take impairments, on their investment portfolios, says...
Oct 10 2008 // The global credit crisis claimed its first Japanese financial institution on Friday and the government looked to prop up smaller banks, as Tokyo shares suffered their biggest rout since a 1987 crash.Government ministers...
Oct 10 2008 // U.S. life insurers Lincoln National Corp. and ACE Ltd reassured investors that they have enough capital, but credit rating agency Standard & Poor’s cut its outlook for the industry on Friday.The Progressive...
Oct 6 2008 // Embattled insurer American International Group Inc. said it will sell three of its Japanese life insurance businesses.As part of its effort to pay off a massive U.S. government loan, AIG has decided to unload Alico Japan,...
Sep 18 2008 // On Sept. 17, Fitch Ratings revised its Rating Watch on American International Group Inc. (AIG) and its subsidiaries to Evolving from Negative following the announcement that its board has approved a transaction under which...
Sep 1 2008 // Aon Corporation recently announced that Karen Reutter has joined Aon Construction Services Group in a newly created position of senior vice president. Based in Minneapolis, Reutter is one of a number of strategic hires...
Aug 7 2008 // Grange Insurance recently added Michelle Benz as president of the Grange Life Insurance Company. She replaces Tom Welch, previous president of Grange Life who was promoted to chief financial officer of Grange Insurance in...
Jul 18 2008 // CNinsure Inc. (NASDAQ:CISG), an independent insurance agency and brokerage company operating in China, announced the signing of a set of definitive agreements with several individual entrepreneurial agents to jointly...
Jul 7 2008 // Georgia’s insurance commissioner has revoked the license of a life insurance company, banning it from selling policies in the state.It’s the first time John Oxendine has barred an insurer from the state since...
Jul 7 2008 // Swiss Re’s latest sigma study reports that the global insurance industry’s results from 2007 show that insurance premium income grew 3.3 percent in real terms to $4.061 trillion. The growth was “primarily...
Jun 13 2008 // While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the...
Jun 4 2008 // Fitch Ratings has affirmed its ‘AA+’ Insurer Financial Strength (IFS) ratings on State Farm Mutual Automobile Insurance Company, State Farm Life Insurance Company and State Farm Life and Accident Assurance...
Jun 2 2008 // Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative...
May 29 2008 // A new report from Standard & Poor’s Ratings Services – “U.K. Non-Life Insurance Underwriting Performance Should Improve In 2008, But Underlying Performance May Deteriorate” – notes that,...
May 13 2008 // When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance.Barely in their 30s, they passed the insurance company’s physicals, applied for a $500,000...
Apr 21 2008 // Corporations, industries, labor unions, governments and other interests spent a record $2.79 billion in 2007 to lobby in Washington, the nonpartisan Center for Responsive Politics calculated.The total represents an...
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture.More than two-thirds (71 percent) of all P/C analysts...
Apr 2 2008 // Unitrin, Inc. reported that it has completed its previously announced acquisition of Primesco, Inc. of Decatur, Alabama, in a cash merger transaction valued at $95.6 million. Primesco’s wholly-owned subsidiaries,...
Feb 22 2008 // Research and Markets announced the addition of “Snapshots Czech Republic Non-Life Insurance 2008” to their offering, as part of the research firms ‘Snapdata’ series. The report “provides 2005...
Jan 25 2008 // Three Florida residents have sued Alabama-based Liberty National Life Insurance Co. claiming their insurance was canceled or undervalued because of discrimination against Haitian-Americans.The new class-action lawsuit was...