Latest Life Insurance Headlines

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

$110 Million from Settlement in Credit Lyonnais Case Transferred to Calif. Commissioner’s Office

Jun 1 2004 // $110 million paid by Artemis S.A. in a settlement with the United States Attorney’s Office in connection with the Credit Lyonnais criminal case has been transferred to the California Insurance Commissioner, United...

S&P Reports on Japan’s Non-life Insurers

May 28 2004 // Standard & Poor’s Ratings Services has issued a report on the unconsolidated financial results of Japan’s 10 major non-life insurers for fiscal 2003 (ended March 31, 2004), indicating that they are...

Swiss Re Completes Admin Re Acquisition of CNA’s Individual Life Insurance Business

May 3 2004 // Swiss Re announced that it has completed its previously announced Admin Re acquisition of CNA Financial Corp.’s individual life insurance business for approximately $700 million. “The in force business, which...

Study: Life Industry Can’t Ignore Obesity

Apr 8 2004 // The increasing prevalence of obesity is too significant for the life insurance industry to ignore, according to a Swiss Re study. The report analyses the impact of obesity on mortality trends, and identifies the...

Study Backs Dual Regulation of Life Industry

Mar 30 2004 // A 10-month study by researchers at the Isenberg School of Management at the University of Massachusetts Amherst finds that federal action is needed to prompt needed improvements in the regulation of the life insurance...

MetLife Receives Approval for China Joint Venture

Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday.The U.S. company has a 50 percent stake in the 500...

Five Arrested in Fla. Scheme to Defraud Seniors

Mar 22 2004 // Florida Chief Financial Officer Tom Gallagher and Attorney General Charlie Crist announced the arrests of five south Florida residents on charges that they systematically defrauded hundreds of senior citizens in an...

COUNTRY Insurance & Financial Services Awaits Reg. Approval of Cotton States Insurance Transactions

Mar 12 2004 // In an update to definitive agreements announced with Atlanta-based Cotton States Insurance Group in December 2003, COUNTRY Insurance & Financial Services has filed the required Form A with the Georgia Insurance...

Generation X and Y Adults Reportedly More Willing to Obtain Insurance from Resources Besides Agents

Feb 24 2004 // Vertis (www.vertisinc.com), a provider of targeted advertising, media and marketing services, announced the results of its Customer Focus 2004: Insurance study, which reportedly reveals that some consumer audiences are...

Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage

Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...

Manning Riddell Sued Over Bogus E&O Coverage

Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...

Baby Boomer Wealth Transfer

Feb 23 2004 // Today’s planners sit on the leading edge of what is expected to be the greatest transfer of wealth in the history of America. The economic boom of the 1990s created an unprecedented amount of personal wealth in...

Manning Riddell Named Defendant in Lawsuit

Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...

Swiss Re to Acquire CNA’s Life Business for $690 Million

Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...

Six More Lawsuits to be filed tomorrow by Holocaust Survivors

Jan 16 2004 // Six Holocaust survivor families, have filed lawsuits to recover life insurance benefits due to them arising out of the death of their heirs during the Holocaust. The lawsuits claim that Generali, a large Italian insurer,...

Cotton States to Affiliate With Country P/C Pool

Dec 31 2003 // Atlanta-based Cotton States Insurance Group and Country Insurance & Financial Services of Bloomington, Ill., have entered into definitive agreements implementing their prior agreements regarding the acquisition of...

Report N.Y. Prosecutors Find More Evidence of Slayings to Collect Life Insurance

Dec 1 2003 // Federal prosecutors in Queens have been conducting an ongoing investigation into unsolved killings of a number of persons who had recently taken out life insurance policies. The investigation was triggered by the arrest...

S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question

Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...

AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business

Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...

Kansas City Life Declares Quarterly Dividend

Jul 29 2003 // The Board of Directors of Kansas City Life Insurance Company declared on July 28, 2003 a quarterly dividend of $ .27 a share. The dividend will be payable on August 25, 2003, to stockholders of record on August 11,...