Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Global Insurance Premiums Top $4 Trillion
Jul 7 2008 // Swiss Re’s latest sigma study reports that the global insurance industry’s results from 2007 show that insurance premium income grew 3.3 percent in real terms to $4.061 trillion. The growth was “primarily...
Lloyd’s Examines Growth of Polish Insurance Industry
Jun 13 2008 // While most people identify Russia as the emerging insurance market in Eastern Europe, Lloyd’s notes that “Poland is beginning to make a name for herself. When Lloyd’s Chairman Lord Levene visited the...
Fitch Affirms State Farm’s ‘AA+ Ratings; Stable Outlook
Jun 4 2008 // Fitch Ratings has affirmed its ‘AA+’ Insurer Financial Strength (IFS) ratings on State Farm Mutual Automobile Insurance Company, State Farm Life Insurance Company and State Farm Life and Accident Assurance...
S&P Keeps Nationwide on CreditWatch
Jun 2 2008 // Standard & Poor’s Ratings Services has announced that it is keeping its ratings on Nationwide Financial Services Inc. (NFS), its subsidiaries, and related securities on CreditWatch with negative...
S&P Report Foresees Improvement in UK Non-Life Insurance Sector
May 29 2008 // A new report from Standard & Poor’s Ratings Services – “U.K. Non-Life Insurance Underwriting Performance Should Improve In 2008, But Underlying Performance May Deteriorate” – notes that,...
Widower, Industry Seek Change in Mass. Life Insurance Claims Law
May 13 2008 // When Jenny and John Crowley learned they were having a baby, they did the responsible thing: they bought life insurance. Barely in their 30s, they passed the insurance company’s physicals, applied for a $500,000...
Insurance Sector Ranks Second in Federal Political Giving
Apr 21 2008 // The nation’s lobbyists spent $17 million for every day that Congress was in session, watchdog group says Corporations, industries, labor unions, governments and other interests spent a record $2.79 billion in 2007 to...
Analysts See Increase in P/C Mergers Ahead; Rate Climate Change Top Issue
Apr 14 2008 // Insurance equity analysts expect a significant increase in property/ casualty mergers and acquisitions this year, according to findings of a global survey by Accenture. More than two-thirds (71 percent) of all P/C analysts...
Unitrin Completes Acquisition of Fire and Life Insurer Primesco
Apr 2 2008 // Unitrin, Inc. reported that it has completed its previously announced acquisition of Primesco, Inc. of Decatur, Alabama, in a cash merger transaction valued at $95.6 million. Primesco’s wholly-owned subsidiaries,...
Research & Markets Issues Czech ‘Snapdata’ Report
Feb 22 2008 // Research and Markets announced the addition of “Snapshots Czech Republic Non-Life Insurance 2008” to their offering, as part of the research firms ‘Snapdata’ series. The report “provides 2005...
Lawsuit Claims Ala.-Based Insurance Co. Discriminated Against Haitians
Jan 25 2008 // Three Florida residents have sued Alabama-based Liberty National Life Insurance Co. claiming their insurance was canceled or undervalued because of discrimination against Haitian-Americans. The new class-action lawsuit was...
Fitch Affirms AIG, Subs ‘AA’ Ratings
Jan 16 2008 // Fitch Ratings has affirmed American International Group’s Issuer Default Rating (IDR) at ‘AA’ and affirmed its ratings on all of AIG’s insurance subsidiaries at the same level. The rating outlook is...
Fitch Says UK Non-Life Insurers are ‘Well-Positioned in Challenging Market’
Dec 21 2007 // Fitch Ratings has issued a report indicating that it is maintaining a stable outlook on the UK non-life insurance sector, “as insurers remain on the path of underwriting discipline in the face of more challenging...
Rating Agencies Positive on ACE, Aon, Munich Re Deal for Combined, Sterling
Dec 18 2007 // The rating agencies have generally been positive about ACE’s acquisition of Aon’s Combined Life Insurance Company and Munich Re’s purchase of Sterling Life. The specific reactions were as follows: A.M....
S&P Details Actions Taken on ‘Public Information’ Ratings
Dec 10 2007 // Standard & Poor’s Ratings Services has announced various rating actions on insurance companies with public information (pi) ratings. S&P explained that “ratings with a ‘pi’ subscript are...
Research & Markets Releases ‘Snapdata’ Reports on India, Netherlands
Dec 7 2007 // Dublin-based Research and Markets announced the addition of “Snapshots India Non-Life Insurance 2007” and “Snapshots Netherlands Non-Life Insurance 2007” to their offering. The report on the Indian...
Supreme Court Lets Stand Virginia Viatical Insurance Law
Dec 4 2007 // The Supreme Court declined this week to rule on a case that tests whether states such as Virginia can regulate the sale of life insurance by policyholders to investors, a practice known as “viatical” or life...
S&P: Japan Non-Life Insurers ‘Show Improvement in Profits’
Nov 29 2007 // A report from Standard & Poor’s Ratings Services concludes that Japan’s top nine non-life insurers recorded ¥173 billion ($1.575 billion) in interim net profits for the first half of fiscal 2007 (ended...
Insurer Balks at Payment in Case of Clinton Neighbor Shooting
Nov 21 2007 // A man whose wife was shot to death — a killing that attracted national attention because the couple lived near Bill and Hillary Rodham Clinton — is trying to collect nearly half a million dollars on her life insurance,...
S&P Reports Ratings Gap ‘Narrowing’ between Middle East & UK Insurers
Nov 16 2007 // Standard & Poor’s Ratings Services has published “How Middle East Non-Life Insurers Are Developing From A Rating Perspective: A Comparison With The U.K..” S&P initially stated: “Middle...
