All the headlines from our Life Insurance Topic Page, ordered by recency.
May 31 2006 // Japan’s non-life insurers posted largely improved profits in fiscal 2005, bouncing back from the previous year’s uncommonly harsh string of natural disasters, according to a report published today by Standard...
May 31 2006 // Cincinnati-based Great American Financial Resources, Inc. has announced that GAFRI has entered into an agreement with American Enterprise Mutual Holding Company through its affiliated companies whereby American Enterprise...
May 26 2006 // David Greenberg has been named president and chief executive officer of Rhode Island-based Brokers’ Service Marketing Group.In his new capacity, Greenberg, who is a partner in the life insurance and financial...
May 2 2006 // The Midland Company based in Ohio, announced that its wholly owned subsidiary, American Modern Insurance Group, reached an agreement to acquire all of the outstanding stock of Southern Pioneer Life Insurance...
Apr 25 2006 // Insurers are applauding a recent IRS/Treasury Department tax code ruling that settles the definition of “gross receipts” for property casualty insurers.The National Association of Mutual Insurance Companies...
Apr 21 2006 // Conseco, Inc., based in Carmel, Ind., announced that Daniel G. Walseth has been named executive vice president, general counsel and secretary of the company.“I am excited that Dan is joining our leadership...
Apr 21 2006 // A pastor whose soldier son died in Iraq was charged with spending $250,000 in insurance money meant for the soldier’s young daughter.Prosecutors said Janie Lee Espinoza spent all the cash on cars, jewelry, a Florida...
Apr 17 2006 // Fraud RoundupCalifornia Insurance Commissioner John Garamendi announced the conviction of former life insurance agent Bassem Btadini, 51, also known as Bob Btadini. Btadini entered a no contest plea and was convicted of...
Mar 28 2006 // Fitch Ratings has issued a report, “Bird-Flu – Will It Ruffle The Industry’s Feathers?” which indicates that “life insurers and their reinsurers would be most likely to be the hardest hit by a...
Mar 23 2006 // Torchmark Corporation announced it is moving its corporate headquarters to McKinney, Texas, from Birmingham, Ala. McKinney, a north Dallas suburb, has been the home of one of Torchmark’s subsidiaries, United American...
Mar 20 2006 // Chicago-based Fort Dearborn Life Insurance Company, a subsidiary of Health Care Service Corporation., a Mutual Legal Reserve Company, has announced its intent to acquire the life and disability business of Highmark Life...
Mar 6 2006 // Genworth Financial Inc. announced it is launching a comprehensive campaign for the Hispanic communities in Corpus Christi and Rio Grande Valley designed to increase awareness about the importance of having a financial...
Mar 2 2006 // Germany’s Allianz announced on its Web site (www.allianz.com) that it has launched its first joint life and non-life insurance Sales Center in Shenzhen, China. “The Center maximizes the synergies between...
Feb 28 2006 // The Michigan Office of Financial and Insurance Services issued a statement this week saying that a consent order requiring the Western and Southern Life Insurance Company was issued requiring the companies make amends for...
Feb 26 2006 // Hurricane losses and loss adjustment expenses totaling $6.3 billion (after reinsurance) contributed to a reduction in State Farm’s 2005 net income. The company is reporting an after-tax net income from all sources of...
Feb 24 2006 // American National Insurance Company, headquartered in Galveston, Texas, announced that its Board of Directors declared a quarterly dividend of 75 cents per share on its common stock payable March 17, 2006, to shareholders...
Feb 23 2006 // California Insurance Commissioner John Garamendi has announced the conviction of former life insurance agent Bassem Btadini, 51, also known as Bob Btadini. Btadini entered a no contest plea and was convicted of five...
Feb 15 2006 // Carlos Delgado, CLU (Danmar Insurance Services, Riverside), has agreed to serve on the Alliance of Insurance Agents and Brokers’ board of directors. Delgado, a 35-year industry veteran, began his insurance career in...
Feb 14 2006 // Agency Specialty Product Network has joined with LifeSource – a BISYS Company to provide independent property and casualty agents and brokers a “virtual” life insurance department to enhance sales,...
Feb 1 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A” (Excellent) and assigned an “a” issuer credit rating to Japan’s Aioi Insurance Company Ltd. with a stable...