Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
IPO Planned for New Okla. Life Insurance Co.
Feb 14 2005 // Former Oklahoma state legislator Wayne Pettigrew and former University of Oklahoma football stars Steve and Tinker Owners are among the backers of a proposal to start a new life insurance company with funds raised through...
N.Y. Issues Rule on Reserves for Universal Life Following Evidence of Under-Reserving
Jan 21 2005 // The New York State Insurance Department has issued a regulation requiring those who sell universal life insurance in the state to set aside adequate reserves in keeping with the spirit of an actuarial guideline that...
S&P Reports First Half Results in Japan’s P/C Sector Show Companies Still Under Pressure
Nov 30 2004 // Standard & Poor’s Ratings Services has issued a report noting that Japanese non-life insurance companies recently released results of for the first half of fiscal 2004, which indicate that underwriting...
Ga. Dept. Approves Cotton States Insurance
Nov 24 2004 // The Georgia Department of Insurance approved this week the proposed merger of Cotton States Life Insurance Company with a subsidiary of COUNTRY Life Insurance Company, and the affiliation of Cotton States Mutual Insurance...
Japan: Powerful, Beleaguered and Consolidating
Oct 25 2004 // Until Commodore Peary’s visit in 1848, Japan was one of the world’s most isolated countries, and it still remains rather unique. But something in the Japanese character and society enabled it to turn its back...
Life Insurers Get Taste of Spitzer Probe
Oct 15 2004 // For those in the life insurance industry who thought they could sit on the sidelines and watch New York Attorney General Eliot Spitzer go after some big property/casualty heavyweights, think again. According to reports on...
N.J. Agent Charged in Theft of Sales Commissions
Oct 10 2004 // New Jersey Attorney General Peter Harvey announced that a Monmouth County insurance agent has pleaded guilty to theft charges for stealing more than $43,000 in insurance sales commissions to which he was not...
Jurenek Joins Sales Team at Pan-American Life
Oct 7 2004 // New Orleans-based Pan-American Life Insurance Company announced that Suzanne Jurenek is the company’s new sales director for U.S. Life Sales. As director of U.S. Life Sales, Jurenek works with MGAs and producers to...
S&P Assigns ‘AA-‘ Ratings to Tokio Marine & Nichido Fire Insurance; Outlook Stable
Oct 1 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AA-‘ financial strength and long-term counterparty ratings to Tokio Marine & Nichido Fire Insurance Co. Ltd. with a stable...
Soldiers Targeted: Ga. Regulator Expanding Life Insurance Sales Probe
Sep 27 2004 // A probe into improper sales of life insurance products to soldiers at Fort Benning, Ga. is expanding to other bases, other states, and as many as five companies, according to Georgia Insurance Commissioner John...
Stonebridge Life Insurance Company Qualifies as Newest Member of Ethics Standards Association
Sep 1 2004 // Stonebridge Life Insurance Company, domiciled in Rutland, VT, with administrative offices in Plano, TX, has qualified to become a member of the Insurance Marketplace Standards Association (IMSA), the national organization...
TV’s ‘Apprentice’ Now Life Insurance Star
Aug 24 2004 // Kwame Jackson, star of last season’s hit reality show The Apprentice, is giving Americans a dose of reality about the pivotal role life insurance can play in safeguarding a family’s finances and future plans....
Allianz Appoints Bowers New Asia CEO
Aug 11 2004 // Germany’s Allianz announced that Bruce Bowers has been appointed CEO of Allianz Insurance Management Asia Pacific Pt. Ltd., based in Singapore, with effect from September 1, 2004. He will succeed Alan Wilson who has...
N.C. Commissioner Signs Race-Based Premium Settlements with Trio of Companies
Jul 29 2004 // North Carolina Insurance Commissioner Jim Long has signed three settlement agreements with companies that reportedly participated in discriminatory rating practices in North Carolina. The settlements with the companies,...
Direct Insurers “On the Road to Recovery” Says New Swiss Re Sigma Study
Jun 28 2004 // A newly published Swiss Re sigma study found that “the direct insurance industry is on the road to recovery with further progress expected this year.” Worldwide premiums for life and non-life insurance grew by...
IMSA Stakes Role as Market Conduct Model
Jun 21 2004 // Life insurers have driven the push to federalize insurance regulation in part because of the speed-to-market issue—it takes longer for them to roll out new products, as compared to their competitors who are selling...
Sixth Defendant Involved in ‘Executive Life Affair’ Pleads Guilty to Deceiving Federal Regulators
Jun 10 2004 // A chartered accountant based in Paris pleaded guilty this week to aiding and abetting the concealment of material facts from the Federal Reserve Bank as part of a scheme that helped Credit Lyonnais illegally take over a...
$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...
