Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Study: Life Industry Can’t Ignore Obesity
Apr 8 2004 // The increasing prevalence of obesity is too significant for the life insurance industry to ignore, according to a Swiss Re study. The report analyses the impact of obesity on mortality trends, and identifies the...
Study Backs Dual Regulation of Life Industry
Mar 30 2004 // A 10-month study by researchers at the Isenberg School of Management at the University of Massachusetts Amherst finds that federal action is needed to prompt needed improvements in the regulation of the life insurance...
MetLife Receives Approval for China Joint Venture
Mar 26 2004 // Chinese regulators have approved plans for a joint venture between U.S. life insurer MetLife Inc. and the owner of the Beijing International Airport, MetLife said Thursday. The U.S. company has a 50 percent stake in the...
Five Arrested in Fla. Scheme to Defraud Seniors
Mar 22 2004 // Florida Chief Financial Officer Tom Gallagher and Attorney General Charlie Crist announced the arrests of five south Florida residents on charges that they systematically defrauded hundreds of senior citizens in an...
COUNTRY Insurance & Financial Services Awaits Reg. Approval of Cotton States Insurance Transactions
Mar 12 2004 // In an update to definitive agreements announced with Atlanta-based Cotton States Insurance Group in December 2003, COUNTRY Insurance & Financial Services has filed the required Form A with the Georgia Insurance...
Generation X and Y Adults Reportedly More Willing to Obtain Insurance from Resources Besides Agents
Feb 24 2004 // Vertis (www.vertisinc.com), a provider of targeted advertising, media and marketing services, announced the results of its Customer Focus 2004: Insurance study, which reportedly reveals that some consumer audiences are...
Chicago MGU Sues Manning Riddell Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Manning Riddell Sued Over Bogus E&O Coverage
Feb 23 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). Manning Riddell allegedly issued more than 1,000...
Baby Boomer Wealth Transfer
Feb 23 2004 // Today’s planners sit on the leading edge of what is expected to be the greatest transfer of wealth in the history of America. The economic boom of the 1990s created an unprecedented amount of personal wealth in...
Manning Riddell Named Defendant in Lawsuit
Feb 9 2004 // Insurance Journal recently unveiled information regarding an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722). See the Jan. 24 and Jan. 26 stories on...
Swiss Re to Acquire CNA’s Life Business for $690 Million
Feb 5 2004 // Swiss Re announced that it has reached an agreement to acquire Chicago-based CNA Financial’s individual life insurance business, as well as a life insurance servicing and administration facility in Nashville, Tenn.,...
Six More Lawsuits to be filed tomorrow by Holocaust Survivors
Jan 16 2004 // Six Holocaust survivor families, have filed lawsuits to recover life insurance benefits due to them arising out of the death of their heirs during the Holocaust. The lawsuits claim that Generali, a large Italian insurer,...
Cotton States to Affiliate With Country P/C Pool
Dec 31 2003 // Atlanta-based Cotton States Insurance Group and Country Insurance & Financial Services of Bloomington, Ill., have entered into definitive agreements implementing their prior agreements regarding the acquisition of...
Report N.Y. Prosecutors Find More Evidence of Slayings to Collect Life Insurance
Dec 1 2003 // Federal prosecutors in Queens have been conducting an ongoing investigation into unsolved killings of a number of persons who had recently taken out life insurance policies. The investigation was triggered by the arrest...
S&P Comment on Japanese P/C 1st Half Results – Profitability Still in Question
Nov 26 2003 // Standard & Poor’s Ratings Services has issued a comment on the Japanese P/C sector, indicating that “a recovery in bottom-line profits recorded by all 10 major Japanese non-life insurers for the first half...
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
Kansas City Life Declares Quarterly Dividend
Jul 29 2003 // The Board of Directors of Kansas City Life Insurance Company declared on July 28, 2003 a quarterly dividend of $ .27 a share. The dividend will be payable on August 25, 2003, to stockholders of record on August 11,...
Best Affirms ‘A’ (Excellent) Rating for Zurich Financial
Jun 2 2003 // A.M. Best Co. announced that it has affirmed the financial strength ratings of ‘A’ (Excellent) for the Zurich Financial Services Group (ZFS), Switzerland, and its core subsidiaries. “The outlook remains...
Kansas City Life Insurance Company First Quarter, 2003 Earnings Release
May 9 2003 // Kansas City Life Insurance Company posted a $0.62 per share net loss in the first quarter 2003, compared with a $0.54 per share net income last year. The net loss of $7.5 million for the quarter is primarily due to...
S&P Affirms American National ‘AA’ Ratings
May 8 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AA’ counterparty credit and financial strength ratings on American National Insurance Co., “based on the company’s...
