Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
Japanese P/C, Life Insurers to Combine Operations
Aug 28 2000 // In what would be a first ever alliance, Japan’s second largest life insurer, Dai-Ichi Mutual Life Insurance, and leading p/c insurer, Yasuda Fire & Marine Insurance Co., have reportedly agreed to combine...
General American Settles Lawsuit For $55 Million
Aug 25 2000 // General American Life Insurance Co. has agreed to pay $55 million to settle a class action lawsuit alleging the company deceived life insurance policyholders. If approved by a federal judge, the money would go to 251,000...
New Jersey Regulators Approve Sale of Savings Bank Life Insurance
Aug 8 2000 // New Jersey regulators have approved the sale of Massachusetts-style savings bank life insurance—a plain term and whole-life coverage not sold by agents. For decades it was available by law only to residents of...
Hartford Life Buys Mexican Interests
Aug 8 2000 // Hartford Life, a leader in retirement funding in the United States, has reached an agreement with Seguros DFI and Fianzas DFI of Mexico City to acquire a controlling interest in the two companies and sell life insurance...
Commentary: Examining Slave Insurance in a World 150 Years Removed
Jul 24 2000 // In March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating in this...
Web Site for Independent Life Insurance Brokers
Jul 19 2000 // Lifeseller.com has been created to serve independent life insurance brokers across the country. Claiming to bring order to the web chaos for independent insurance brokers, the site provides a directory of products,...
AIG, Fuji Fire Align in Non-Life Insurance
Jul 14 2000 // Japan’s Fuji Fire & Marine has agreed with a Japanese subsidiary of American International Group to align in the non-life insurance field. The move could strengthen Fuji’s product development and marketing...
States Ratify $213.5 Million Settlement on Discriminatory
Jul 11 2000 // States representing more than 86 percent of the American General policyholders that paid race-based life insurance premiums have ratified a multi-million-dollar penalty and restitution settlement negotiated by Florida...
Vesta Insurance Group Completes $25 Million Acquisition of American Founders Financial Corporation
Jul 10 2000 // Vesta Insurance Group has acquired a controlling interest in American Founders Financial Corporation. The transaction will be immediately accretive to Vesta’s third-quarter earnings per share. According to previously...
Putting Life Back in Your Agency
Jun 26 2000 // Traditional P&C Agencies Should Consider a Life Department for Increasing Profits, Retention Insured households carry more coverage than ever before, but at the same time the insurance industry is reaching fewer U.S....
NAIC Adopts Resolution on Race Criteria, Small Face Value Products
Jun 13 2000 // Members of the National Association of Insurance Commissioners (NAIC) at the Summer National Meeting in Orlando yesterday approved a resolution to remedy the previous use of race as a criteria in underwriting and to...
N.Y. Insurance Department Investigates Discrimination Among Life Insurers
Jun 7 2000 // The New York State Department of Insurance has begun an investigation into reports that, for decades, some life insurance companies have discriminated against blacks and other minorities by charging them higher premiums...
Slavery & InsuranceExamining slave insurance in a world 150 years removed
May 15 2000 // Recently, in March 2000, Aetna, the nation’s largest health insurer, was criticized for participating in slave insurance 150 years ago. Aetna apologized and expressed its “deep regret” over participating...
AIG Life Insurer To Team With WorldCare For E-Medical Services
May 10 2000 // American Life Insurance Co. (ALICO), a member of the AIG Group, announced plans to team with Internet health care provider WorldCare, Inc. to offer global medical services through a consortium of health care...
Argonaut, General Re Form Tri-Party Agreement
Feb 25 2000 // Metropolitan Life Insurance Co., approved its plan toconvert into a stock company. The final vote determined that 93 percent of the nearly 2.8 million pulicyholders who voted approved the plan. Metropolitan Life Insurance...
Florida Orders Life Insurer To Pay $7.5 Million
Feb 7 2000 // Florida Insurance Commissioner Bill Nelson and Attorney General Bob Butterworth ordered Metropolitan Life to pay the state $7.5 million to settle allegations that some of its agents used deceptive sales tactics since the...
