Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
S&P Says Taiwan’s General Insurers Return to Stability
Apr 29 2003 // Standard & Poor’s Ratings Services, in a new publication entitled “Taiwan Insurance Outlook 2003,” announced that it has revised its outlook on Taiwan’s nonlife insurance sector to stable from...
S&P Lowers AEGON’s Ratings to ‘A+/A-1’
Apr 9 2003 // Standard & Poor’s Ratings Services announced that it has lowered its counterparty credit rating on AEGON N.V. (AEGON) to ‘A+/A-1’ from ‘AA-/A-1+’ “because of Standard &...
Kansas City Life and GuideOne Group of Companies sign Stock purchase agreement for GuideOne Life Insurance Co.
Mar 31 2003 // Kansas City Life Insurance Company and The GuideOne Group of Companies, based in West Des Moines, Iowa, have signed a definitive agreement under which Kansas City Life will buy all of GuideOne Life Insurance...
Kansas City Life and GuideOne Group of Companies Sign Stock Purchase Agreement for GuideOne Life Insurance Co.
Mar 31 2003 // Kansas City Life Insurance Company and The GuideOne Group of Companies, based in West Des Moines, Iowa, have signed a definitive agreement under which Kansas City Life will buy all of GuideOne Life Insurance...
Former Life Insurance Counsel Named Ill. Insurance Director
Mar 4 2003 // Gov. Rod Blagojevich, a Democrat, has appointed a former life insurance company lawyer the state’s new director of the Illinois Department of Insurance. J. Anthony Clark, 50, worked for 10 years as counsel for...
NY Man Arrested in WTC Life Insurance Fraud
Feb 26 2003 // NY authorities announced the arrest of Merle D. Hover of Glen Aubry, New York, on charges of insurance fraud and attempted grand larceny stemming from a fraudulent claim he submitted stating that his daughter was killed in...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
Time to Jump on the Employee Benefits Bandwagon’
Feb 24 2003 // In some respects, the world of employee benefits seems to be on a roll. The Indepen-dent Insurance Agents & Brokers Association (IIABA) reports that about 26 percent of the U.S. agencies examined in its “2002...
A.M. Best Assigns ‘A+’ Rating to Nichido Fire and Marine Co. Ltd.
Feb 14 2003 // A.M. Best Co. has assigned an initial financial strength rating of A+ (Superior) to The Nichido Fire and Marine Insurance Company, Ltd., Tokyo, Japan, with a negative outlook. The company has a financial size category of...
AIG To Establish Life Insurance Company in Ukraine
Jan 7 2003 // American Life Insurance Company (ALICO), a subsidiary of American International Group, has received a license from the Ministry of Finance to operate a wholly owned life insurance company in Ukraine. The operation will be...
Fraud Charges Filed in Two Counties Against North Carolinian
Dec 19 2002 // North Carolina Insurance Commissioner Jim Long, in conjunction with Chief Tom McCarthy of the Fayetteville Police Department and Chief Tommy Hagens of the St. Pauls Police Department, announced the arrest of Eugenia Rose...
New Swiss Re Study Finds Lowest Growth in Premiums Since 1980’s
Dec 5 2002 // A new Swiss Re Sigma report released yesterday concluded that overall global premium income reached $2.408 trillion in 2001; while that’s a lot, it’s only a “modest 1 percent growth over 2000,”...
S&P Says Japanese Non-Life Insurers’ Mid-term Results in Expected Range
Nov 25 2002 // Standard & Poor’s announced that the mid-term financial results for Japan’s major non-life insurance companies were within expectations and would not immediately affect its ratings on the...
Swiss Re Sigma Study Analyzes 2001 Losses, Equity Decreases
Oct 10 2002 // Swiss Re’s latest Sigma report, No.4/2002, offers an analysis of the non-life insurance industry, and how it is adjusting to “two major shocks – the catastrophic losses of 2001 and the ongoing stock...
Yasuda/Nissan Merger Creates Japan’s 2nd Largest P/C Insurer
Jul 1 2002 // Yasuda Fire & Marine Insurance Co. and Nissan Fire & Marine Insurance Co. have completed their merger, creating Sompo Japan Insurance Inc.the country’s second largest p/c insurer after Millea Holdings Inc.,...
China Opening Doors to Insurance Contacts
Jun 24 2002 // Some recent events indicate that the Chinese insurance market is becoming more open to foreign insurers. U.S. and Chinese regulators recently concluded an agreement to begin sharing information; AIG opened an office in the...
ARK. EXECS. CHARGED IN FRANKEL CASE
Jan 14 2002 // Arkansas Insurance Commissioner Mike Pickens and Pulaski County Prosecuting Attorney Larry Jegley announced three insurance agents have been charged in connection with Martin Frankel’s alleged theft of $200 million...
Swiss Re Says Profitability Requires Improved Underwriting Results
Nov 5 2001 // Major reinsurer Swiss Re released findings from its latest sigma study, “Profitability of the Non-Life Insurance Industry: It’s Back to Basics Time,” which showed that the slumping non-life insurance...
Swiss Re Study Says It’s Back-to-Basics Time for Non-Life Insurers
Oct 31 2001 // The latest in Swiss Re’s authoritative sigma studies examines the profitability of the non-life insurance market in the G7* countries and concludes that the industry needs to concentrate on improving underwriting...
Farmers Introduces New Parents Program in Utah
Aug 3 2001 // Farmers Insurance Group of Companies announced a special discount program for new parents in the state of Utah. New parents will be eligible to earn discounts on auto insurance. Farmers has also arranged for new parents to...
