All the headlines from our Life Insurance Topic Page, ordered by recency.
Oct 20 2000 // More trouble was announced this morning for Japan’s life insurance sector with the news that Kyoei Life Insurance, the nation’s 11th largest life insurer, is preparing to file for court protection. With total...
Oct 17 2000 // India’s Insurance Regulatory and Development Authority confirmed that 13 foreign based insurance companies with their local partners have applied for permission to establish privately owned life or general insurance...
Aug 29 2000 // UnumProvident Corp., the largest U.S. disability insurer, announced the signing of definitive agreements for a series of strategic transactions designed to more closely focus its operations on its core businesses and...
Aug 28 2000 // In what would be a first ever alliance, Japan’s second largest life insurer, Dai-Ichi Mutual Life Insurance, and leading p/c insurer, Yasuda Fire & Marine Insurance Co., have reportedly agreed to combine...
Aug 25 2000 // General American Life Insurance Co. has agreed to pay $55 million to settle a class action lawsuit alleging the company deceived life insurance policyholders. If approved by a federal judge, the money would go to 251,000...
Aug 8 2000 // New Jersey regulators have approved the sale of Massachusetts-style savings bank life insurance—a plain term and whole-life coverage not sold by agents. For decades it was available by law only to residents of...
Aug 8 2000 // Hartford Life, a leader in retirement funding in the United States, has reached an agreement with Seguros DFI and Fianzas DFI of Mexico City to acquire a controlling interest in the two companies and sell life insurance...
Jul 24 2000 // In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this...
Jul 19 2000 // Lifeseller.com has been created to serve independent life insurance brokers across the country. Claiming to bring order to the web chaos for independent insurance brokers, the site provides a directory of products,...
Jul 14 2000 // Japan’s Fuji Fire & Marine has agreed with a Japanese subsidiary of American International Group to align in the non-life insurance field. The move could strengthen Fuji’s product development and marketing...
Jul 11 2000 // States representing more than 86 percent of the American General policyholders that paid race-based life insurance premiums have ratified a multi-million-dollar penalty and restitution settlement negotiated by Florida...
Jul 10 2000 // Vesta Insurance Group has acquired a controlling interest in American Founders Financial Corporation. The transaction will be immediately accretive to Vesta’s third-quarter earnings per share. According to previously...
Jun 26 2000 // Traditional P&C Agencies Should Consider a Life Department for Increasing Profits, RetentionInsured households carry more coverage than ever before, but at the same time the insurance industry is reaching fewer U.S....
Jun 13 2000 // Members of the National Association of Insurance Commissioners (NAIC) at the Summer National Meeting in Orlando yesterday approved a resolution to remedy the previous use of race as a criteria in underwriting and to...
Jun 7 2000 // The New York State Department of Insurance has begun an investigation into reports that, for decades, some life insurance companies have discriminated against blacks and other minorities by charging them higher premiums...
May 15 2000 // Recently, in March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating...
May 10 2000 // American Life Insurance Co. (ALICO), a member of the AIG Group, announced plans to team with Internet health care provider WorldCare, Inc. to offer global medical services through a consortium of health care...
Feb 25 2000 // Metropolitan Life Insurance Co., approved its plan toconvert into a stock company. The final vote determined that 93 percent of the nearly 2.8 million pulicyholders who voted approved the plan.Metropolitan Life Insurance...
Feb 7 2000 // Florida Insurance Commissioner Bill Nelson and Attorney General Bob Butterworth ordered Metropolitan Life to pay the state $7.5 million to settle allegations that some of its agents used deceptive sales tactics since the...