Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
U.S. and Japan Insurers Propose International Accounting Standards
Jul 25 2005 // Leading U.S. life and property/casualty insurance and reinsurance companies and the four largest life insurance companies in Japan have jointly advanced a draft of basic insurance accounting principles that recognize the...
AEGON to Sell Life Insurance Through Banks in China
Jul 25 2005 // AEGON-CNOOC Life Insurance Company Ltd., the 50/50 joint venture of AEGON with China National Offshore Oil Corporation (CNOOC), has signed national cooperation agreements with two leading banks in the People’s...
U.S. Rep. Seeks to Halt Denial of Insurance Due to Travel Plans
Jul 25 2005 // U.S. Rep. Debbie Wasserman Schultz, D-Fla., was outraged when she applied for additional life insurance and was denied because she might travel to Israel at some unspecified point. So now she’s planning to file a...
Insurers Holding the Price Line – for Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty, and reinsurance executives say that underwriting...
Insurers Holding the Price Line-For Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
Insurers Holding the Price Line–For Now
Jul 4 2005 // The insurance industry is entering a soft market, but unlike earlier soft markets, carriers have not cut prices to gain market share. Numerous life, property/casualty and reinsurance executives say that underwriting...
People
Jun 20 2005 // Pan-American Life Insurance Company, headquartered in New Orleans, announced the selection of Carlos F. Mickan as executive vice president and chief financial officer. Mickan’s appointment is effective June...
Unum, HRH Boston Affiliate Settle for $1.3M Over Contingent Fees
Jun 14 2005 // A major life insurance company and insurance consulting firm will pay $1.3 million to resolve allegations that the insurer brokered a lucrative deal involving hundreds of thousands of dollars in undisclosed commissions in...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? From the 1980s until recently, insurance giant American International Group and its top executives “routinely engaged in...
Undercover on Underwriting: Spitzer Spills AIG’s Secrets in Civil Complaint
Jun 6 2005 // AG Targets Ex-Execs Greenberg and Smith; AIG Restates Financials; Is Settlement Next? – Maurice “Hank” Greenberg, AIG CEO, 1992 From the 1980s until recently, insurance giant American International Group...
MassMutual Abruptly Fires CEO; Reese, Birle Take Over
Jun 3 2005 // MassMutual Financial Group in Springfield, Mass. has given Robert J. O’Connell notice of termination as chairman and chief executive officer “due to certain issues, subject to his rights under his employment...
Mlekush and Rasmussen Appointed to Pan-American Life Board
May 25 2005 // John J. Kelly, chairman of the Board of New Orleans-based Pan- American Life Insurance Company, announced the appointments of Kenneth C. Mlekush and Nicholas R. Rasmussen to the company’s Board. Both have extensive...
How a Multi-line Approach Can Strengthen Your Business
May 23 2005 // Most everything I know about growing my book of business I learned from the J. Paul Getty Museum in Los Angeles. My lessons learned do not come from the beautiful and historic works of art, rather, my lessons learned are...
Life Settlements — Understanding the Risks and the Benefits
May 23 2005 // What is a life settlement? Simply put, a life settlement is the sale of an unwanted, no longer effective life insurance policy. It may potentially be a better solution with a greater cash settlement than lapsing or...
CPCU Society Looking at IMSA-Type Body
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions. A...
CPCU Society Looking at IMSA-Type Body
May 23 2005 // The property/casualty insurance industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid-rigging and contingent commissions. A...
PICC to Form Chinese Life Venture
Apr 13 2005 // China’s PICC Property and Casualty Co. Ltd., the country’s largest P/C insurer, is poised to enter the rapidly expanding Chinese life insurance market with the announcement that it is forming a joint venture...
Best Assigns FSR for Malayan Insurance Co. Inc.
Apr 7 2005 // A.M. Best Co. has assigned a financial strength rating of B++ (Very Good) to Malayan Insurance Company Inc. (MICO) (Philippines). The outlook is stable. The rating reflects MICO’s excellent capitalization, leading...
What Should be Industry Response to Ethical Lapses?
Apr 4 2005 // CPCU Society Looking at IMSA The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image after months of charges about bid rigging and...
CPCU Society Looking into IMSA Standards Model for P/C Industry
Mar 21 2005 // Should P/C Industry Response to Ethical Lapses Include a Self-Regulatory Body? The property casualty industry’s leading educational society is weighing what role to play in helping the industry restore its image...
