Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Fla. Insurance Council predicts hurricane coverage utmost concern
Jan 23 2006 // Florida Insurance Council Executive Vice President Sam Miller predicts hurricane insurance will be the most significant property and casualty issue in 2006, just as it was in 2005, on the state level. “Congress, at a...
Former Credit Lyonnais Chairman Offers Guilty Plea
Jan 20 2006 // A former chairman and chief executive officer of Credit Lyonnais pleaded guilty Thursday afternoon to two felony charges of causing Credit Lyonnais to make false statements to the Federal Reserve Bank. Jean Peyrelevade,...
Severe Avian Flu Pandemic Could Generate $133 Billion in New Claims, I.I.I. Says
Jan 17 2006 // A moderate avian flu outbreak similar to the 1957 and 1968 flu pandemics could significantly impact the life insurance industry, generating $31 billion in additional death claims, according to a new analysis by the...
Minn. Life and American Bar Insurance Offers Group Life to Law Firms
Jan 17 2006 // A new product designed to meet the needs of attorneys and their families has been introduced by Minnesota Life Insurance Company. The new products are provided to law firms nationwide through the American Bar Insurance...
NAIC: Standards for Sale of Life and Annuities Should Protect “All Ages”
Jan 16 2006 // North Dakota Insurance Commissioner Jim Poolman has called for the National Association of Insurance Commissioners to review and develop new standards for the sale of life insurance and annuities that would protect...
S&P, Swiss Re Predict More Securitization, M&A’s in Life Market
Jan 9 2006 // It’s hard to get anything close to a consensus from financial analysts, but one forecast seems to be gaining almost universal credibility. The life sector is set for further consolidation in 2006. This appears to be...
Analysts Predict Surge in Insurance Company Mergers in 2006
Jan 4 2006 // Analysts are predicting that 2006 could be the big one in terms of new mergers by insurers. Not that 2005 was lean on mergers and acquisitions. Some of the top companies that made the move were notably MetLife...
Mass. Savings Bank Life Starts Conn. Insurer
Jan 4 2006 // The Savings Bank Life Insurance Company of Massachusetts (SBLI) it is now actively conducting business in Connecticut under the name Centrian Life Insurance. The Savings Bank Life Insurance Company of Massachusetts has...
Editor’s Note
Jan 1 2006 // Making those New Year’s resolutions … We all know that the New Year provides a great opportunity to commit to making a list of positive changes in our lives. Is it possible that judges in state court...
N.Y. Court Confirms Agent Not Liable Where Client Fails to Disclose
Dec 5 2005 // The Supreme Court of the State of New York, County of Nassau, has reversed a lower court decision that found an insurance agent could potentially be held responsible for misrepresentations in a life insurance...
N.C. Mutual Life Insurance Co. NCDOI Ink Multi-State Settlement
Oct 24 2005 // A settlement has been reached between the North Carolina Department of Insurance and the North Carolina Mutual Life Insurance Company, the nation’s largest minority owned insurer, based in Durham. Insurance...
Case Law Watch
Oct 17 2005 // USAA Casualty Insurance Co. v. Anglum, et al. (Colorado, Sept. 12, 2005) Ruling: The court held that an USAA auto policy unambiguously permitted the insurer to charge an adjusted premium for a newly acquired vehicle from...
Auto-Liability
Oct 17 2005 // USAA Casualty Insurance Co. v. Anglum, et al. (Colorado, Sept. 12, 2005) Ruling: The court held that an USAA auto policy unambiguously permitted the insurer to charge an adjusted premium for a newly acquired vehicle from...
HCC Insurance Holdings to Acquire GM’s Life Insurer
Oct 12 2005 // HCC Insurance Holdings Inc. has agreed to acquire MIC Life Insurance Corporation from Motors Insurance Corporation, a subsidiary of GMAC Insurance Holdings Inc., for an undisclosed consideration. MIC Life is currently...
People
Sep 19 2005 // WellPoint, Inc. announced a series of leadership appointments, effective September 1, 2005, including naming Marjorie W. Dorr to the post of executive vice president and chief strategy officer. “As chief strategy...
Fitch Moves 5 Insurers to Rating Watch Negative Following Katrina
Sep 13 2005 // Fitch Ratings has placed the ratings of five North American property/casualty insurance and reinsurance organizations on Rating Watch Negative Tuesday based on potential large loss exposures to Hurricane Katrina. The...
AmerUs Names New Exec VP
Sep 6 2005 // AmerUs Group Co. named Michael D. Boltz, 47, as executive vice president and chief information officer. Boltz will manage the company’s information technology division which supports the holding company, life...
Pa. Gov. Rendell Urges State Pick Up National Guard Life Insurance Tab
Aug 22 2005 // Pennsylvania Gov. Ed Rendell has urged state legislators to pass a law to have the state pay for the life insurance premiums for National Guard soldiers and airmen on active duty, and a leading Republican senator said he...
Allmerica Notes Sale of Life Biz; Focus Now on P/C Sales
Aug 22 2005 // Massachusetts-based Allmerica Financial Corporation announced Monday that it has entered into a definitive agreement to sell its run-off variable life insurance and variable annuity business to The Goldman Sachs Group...
Pacific Insurance Conference in October to Seek ‘Pathways to Success’
Jul 26 2005 // The 22nd Pacific Insurance Conference will be held at the Grand Hotel, Taipei, Taiwan on October 23 – 26, 2005. The 2005 conference features industry leaders making presentations, moderating panel discussions, and...
