Latest Life Insurance Headlines

All the headlines from our Life Insurance Topic Page, ordered by recency.

AIG Names Martin Chief Operating Officer of Worldwide Life Business

Jan 29 2006 // American International Group, Inc. has named Rodney O. Martin, Jr. as chief operating officer of its worldwide life insurance business. Martin will remain chairman, president and chief executive officer of AIG American...

RMS: 500,000 Japanese Dead Possible in Avian Flu Pandemic Outbreak

Jan 26 2006 // Risk Management Solutions Inc. (RMS) released the findings of an in-depth study that provides life and personal accident insurers in Japan with key benchmarks for the potential risk of human casualties from catastrophic...

NAIC Praises Life Insurers Group in Backing More Consumer Protections

Jan 25 2006 // The National Association of Insurance Commissioners commended the American Council of Life Insurers this week for agreeing to support a measure to extend consumer protections in the sale of life insurance and annuities.At...

Fla. Insurance Council predicts hurricane coverage utmost concern

Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level.“Congress, at a...

Former Credit Lyonnais Chairman Offers Guilty Plea

Jan 20 2006 // A former chairman and chief executive officer of Credit Lyonnais pleaded guilty Thursday afternoon to two felony charges of causing Credit Lyonnais to make false statements to the Federal Reserve Bank.Jean Peyrelevade, 66,...

Severe Avian Flu Pandemic Could Generate $133 Billion in New Claims, I.I.I. Says

Jan 17 2006 // A moderate avian flu outbreak similar to the 1957 and 1968 flu pandemics could significantly impact the life insurance industry, generating $31 billion in additional death claims, according to a new analysis by the...

Minn. Life and American Bar Insurance Offers Group Life to Law Firms

Jan 17 2006 // A new product designed to meet the needs of attorneys and their families has been introduced by Minnesota Life Insurance Company. The new products are provided to law firms nationwide through the American Bar Insurance...

NAIC: Standards for Sale of Life and Annuities Should Protect “All Ages”

Jan 16 2006 // North Dakota Insurance Commissioner Jim Poolman has called for the National Association of Insurance Commissioners to review and develop new standards for the sale of life insurance and annuities that would protect...

S&P, Swiss Re Predict More Securitization, M&A’s in Life Market

Jan 9 2006 // It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be...

Analysts Predict Surge in Insurance Company Mergers in 2006

Jan 4 2006 // Analysts are predicting that 2006 could be the big one in terms of new mergers by insurers. Not that 2005 was lean on mergers and acquisitions. Some of the top companies that made the move were notably MetLife...

Mass. Savings Bank Life Starts Conn. Insurer

Jan 4 2006 // The Savings Bank Life Insurance Company of Massachusetts (SBLI) it is now actively conducting business in Connecticut under the name Centrian Life Insurance.The Savings Bank Life Insurance Company of Massachusetts has been...

Editor’s Note

Jan 1 2006 // Making those New Year’s resolutions …We all know that the New Year provides a great opportunity to commit to making a list of positive changes in our lives. Is it possible that judges in state court...

N.Y. Court Confirms Agent Not Liable Where Client Fails to Disclose

Dec 5 2005 // The Supreme Court of the State of New York, County of Nassau, has reversed a lower court decision that found an insurance agent could potentially be held responsible for misrepresentations in a life insurance...

N.C. Mutual Life Insurance Co. NCDOI Ink Multi-State Settlement

Oct 24 2005 // A settlement has been reached between the North Carolina Department of Insurance and the North Carolina Mutual Life Insurance Company, the nation’s largest minority owned insurer, based in Durham. Insurance...

Case Law Watch

Oct 17 2005 // USAA Casualty Insurance Co. v. Anglum, et al. (Colorado, Sept. 12, 2005) Ruling: The court held that an USAA auto policy unambiguously permitted the insurer to charge an adjusted premium for a newly acquired vehicle from...

Auto-Liability

Oct 17 2005 // USAA Casualty Insurance Co. v. Anglum, et al.(Colorado, Sept. 12, 2005) Ruling: The court held that an USAA auto policy unambiguously permitted the insurer to charge an adjusted premium for a newly acquired vehicle from...

HCC Insurance Holdings to Acquire GM’s Life Insurer

Oct 12 2005 // HCC Insurance Holdings Inc. has agreed to acquire MIC Life Insurance Corporation from Motors Insurance Corporation, a subsidiary of GMAC Insurance Holdings Inc., for an undisclosed consideration. MIC Life is currently...

People

Sep 19 2005 // WellPoint, Inc. announced a series of leadership appointments, effective September 1, 2005, including naming Marjorie W. Dorr to the post of executive vice president and chief strategy officer.“As chief strategy...

Fitch Moves 5 Insurers to Rating Watch Negative Following Katrina

Sep 13 2005 // Fitch Ratings has placed the ratings of five North American property/casualty insurance and reinsurance organizations on Rating Watch Negative Tuesday based on potential large loss exposures to Hurricane Katrina.The...

AmerUs Names New Exec VP

Sep 6 2005 // AmerUs Group Co. named Michael D. Boltz, 47, as executive vice president and chief information officer. Boltz will manage the company’s information technology division which supports the holding company, life...