Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
R&M Reports on Italian P/C Market
May 15 2007 // Dublin-based Research and Markets has added “Snapshots Italy Non-Life Insurance 2007” to their offering. The new report analyzes 2005 year-end market size data, with 2006 estimates, 4 years of historical data...
Fla. Strengthens Rules on Life Insurance Sales to Military
May 3 2007 // The Florida Legislature has passed legislation allowing the Department of Financial Services and the Financial Services Commission to adopt formal rules that increase protections against deceptive insurance practices for...
Calif. Pre-Paid Funeral Insurance Scam Targets Elderly
Apr 27 2007 // California Insurance Commissioner Steve Poizner is alerting senior citizens and their families to make certain they or their loved ones are not victims of a pre-paid funeral scam which targeted the elderly in Southern...
Aviva Targets Russian Expansion
Apr 20 2007 // The UK-based Aviva Group has announced expansion plans for the Russian market, aimed at achieving “a top five position within five years.” A year ago it launched Aviva Russia, which the bulletin indicated,...
S&P Affirms Allianz Suisse ‘A+’ Ratings; Outlook Revised to Positive
Apr 4 2007 // Standard & Poor’s Rating Services has revised its outlook to positive from stable on Swiss-based life insurer Allianz Suisse Lebenversicherungs – Gesellschaft (ASL) and non-life insurer Allianz Suisse...
Kansas Army National Guard Trying to Purchase Life Insurance
Mar 23 2007 // After searching for nearly two years for a company that would offer life insurance to Kansas Army National Guard troops, the Guard is now considering three potential options. The Legislature is trying to correct an...
Mont. Blocks Military Financial Servcies Protection Act
Feb 16 2007 // A Montana state bill (H.B. 542) modeled after the federal “Military Personnel Financial Services Protection Act” (S. 418) was tabled in the Montana House Business and Labor Committee, chaired by Rep. Scott...
Washington Commissioner Issues Multiple Fines, Enforcement Actions
Jan 31 2007 // Washington’s Office of the Insurance Commissioner has ordered UnitedHealthcare Insurance Co. of Minneapolis to pay a $59,000 fine following an agency investigation into the company’s use of unapproved contracts...
Allianz Plans Buy Out of AGF Minority Shares; German Life Minorities
Jan 18 2007 // Germany’s Allianz SE, Europe’s largest insurer in terms of gross premiums written, is set to get even bigger. The Munich-based Company announced plans to acquire the remaining 42.4 percent of the shares in...
Ohio High Court Backs Ex-wife’s Claim to Life Insurance Benefit
Jan 5 2007 // A 1990 law automatically terminating life insurance policies between married couples when they divorce doesn’t apply to policies signed before the law passed, the Ohio Supreme Court ruled this week. In a unanimous...
Vermont Sprucing Up Welcome Mat for Life Reinsurance Captives
Dec 19 2006 // Vermont officials are looking to ride the latest wave in captive insurance company formations– companies looking to reinsure life insurance policies. The Vermont Department of Banking, Insurance, Securities and...
Calif. Reaches Settlement with Prudential To End Payment of Undisclosed Commissions
Dec 13 2006 // California Insurance Commissioner John Garamendi on Tuesday announced that Prudential Insurance Co. of America agreed to settle its dispute with the division over alleged abusive practices. As part of the agreement,...
Wal-Mart Settles a Nearly $5.1 Million Insurance Lawsuit in Okla.
Dec 7 2006 // Wal-Mart has settled a nearly $5.1 million class-action lawsuit brought by the estates of 73 former employees in Oklahoma. A federal judge in Tulsa gave final approval Dec. 4 to the settlement, which calls for about a...
Verizon Wireless, Insurers Fined for Violations in Washington
Nov 15 2006 // Washington Insurance Commissioner Mike Kreidler has fined Verizon Wireless Services LLC of Bedminster, N.J., $25,000 for failing to sell service contracts under its legal corporate name, a violation of state insurance...
People
Nov 5 2006 // Chris Hughes, with Swingle, Collins & Associates, is the new president of the Independent Insurance Agents of Dallas. Swingle Collins reported that Hughes joins officer ranks with firm president, Frank Swingle, whose...
Calif. Commissioner Reaches Settlement with UnumProvident
Nov 3 2006 // California Insurance Commissioner John Garamendi has reached a settlement with UnumProvident Corp., Provident Life and Accident Insurance Company, and Unum Life Insurance Company of America to ensure that all compensation...
American National Declares Quarterly Dividend
Oct 27 2006 // Galveston,Texas-based American National Insurance Company has declared a quarterly dividend of 76 cents per share on its common stock, CUSIP #028591-105, payable Dec. 15, 2006, to shareholders of record as of the close of...
Former Texas Commissioner Named President of Life Ins. Companies
Oct 18 2006 // Former Texas Secretary of State and Commissioner of Insurance Elton Bomer has been named president of four insurance companies: American Reserve Life Insurance Co., Liberty Bankers Life Insurance Co., Mid-Continent...
Chicago Fort Dearborn Life Merges with Mutual Legal Reserve
Oct 5 2006 // Chicago Fort Dearborn Life Insurance Co., a subsidiary of Health Care Service Corporation (HCSC), a Mutual Legal Reserve Co., has successfully completed its merge with Oklahoma-based Member Service Life Insurance Co., also...
Middle Market Continues to Befuddle Life Insurance Distribution System
Sep 12 2006 // America’s middle market has generated much attention in the life insurance industry and among consumer advocates for being underserved. Despite some middle-market-targeted successes in individual companies, the...
