All the headlines from our Life Insurance Topic Page, ordered by recency.
Apr 7 2005 // A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook is stable.The rating reflects MICO’s excellent capitalization, leading...
Apr 4 2005 // CPCU Society Looking at IMSAThe property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid rigging and...
Mar 21 2005 // Should P/C Industry Response to Ethical Lapses Include a Self-Regulatory Body?The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after...
Feb 14 2005 // Former Oklahoma state legislator Wayne Pettigrew and former University of Oklahoma football stars Steve and Tinker Owners are among the backers of a proposal to start a new life insurance company with funds raised through...
Jan 21 2005 // The New York State Insurance Department has issued a regulation requiring those who sell universal life insurance in the state to set aside adequate reserves in keeping with the spirit of an actuarial guideline that...
Nov 30 2004 // Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting...
Nov 24 2004 // The Georgia Department of Insurance approved this week the proposed merger of Cotton States Life Insurance Company with a subsidiary of COUNTRY Life Insurance Company, and the affiliation of Cotton States Mutual Insurance...
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Oct 15 2004 // For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again.According to reports on...
Oct 10 2004 // New Jersey Attorney General Peter Harvey announced that a Monmouth County insurance agent has pleaded guilty to theft charges for stealing more than $43,000 in insurance sales commissions to which he was not...
Oct 7 2004 // New Orleans-based Pan-American Life Insurance Company announced that Suzanne Jurenek is the company’s new sales director for U.S. Life Sales. As director of U.S. Life Sales, Jurenek works with MGAs and producers to...
Oct 1 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ financial strength and long-term counterparty ratings to Tokio Marine & Nichido Fire Insurance Co. Ltd. with a stable...
Sep 27 2004 // A probe into improper sales of life insurance products to soldiers at Fort Benning, Ga. is expanding to other bases, other states, and as many as five companies, according to Georgia Insurance Commissioner John...
Sep 1 2004 // Stonebridge Life Insurance Company, domiciled in Rutland, VT, with administrative offices in Plano, TX, has qualified to become a member of the Insurance Marketplace Standards Association (IMSA), the national organization...
Aug 24 2004 // Kwame Jackson, star of last season’s hit reality show The Apprentice, is giving Americans a dose of reality about the pivotal role life insurance can play in safeguarding a family’s finances and future plans....
Aug 11 2004 // Germany’s Allianz announced that Bruce Bowers has been appointed CEO of Allianz Insurance Management Asia Pacific Pt. Ltd., based in Singapore, with effect from September 1, 2004. He will succeed Alan Wilson who has...
Jul 29 2004 // North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina.The settlements with the companies,...
Jun 28 2004 // A newly published Swiss Re sigma study found that “the direct insurance industry is on the road to recovery with further progress expected this year.”Worldwide premiums for life and non-life insurance grew by...
Jun 21 2004 // Life insurers have driven the push to federalize insurance regulation in part because of the speed-to-market issue—it takes longer for them to roll out new products, as compared to their competitors who are selling...
Jun 10 2004 // A chartered accountant based in Paris pleaded guilty this week to aiding and abetting the concealment of material facts from the Federal Reserve Bank as part of a scheme that helped Credit Lyonnais illegally take over a...