Latest Life Insurance Headlines
All the headlines from our Life Insurance Topic Page, ordered by recency.
California Executive Life Insurance Settlement Ends 16 Years of Litigation
Jul 10 2015 // A settlement has been reached with the last remaining defendant in a 16-year-old lawsuit brought by the California Department of Insurance that arose out of the 1991 liquidation of Executive Life Insurance Co. The French...
Pennsylvania Returns $66.8M in Restitution Payments to Consumers in Q1
Apr 24 2015 // Pennsylvania’s Acting Insurance Commissioner Teresa Miller announced Thursday that nearly 5,000 Pennsylvania consumers received $66.8 million in restitution payments or credits through the restoration of stolen...
Best: Indonesia Insurers’ Reinsurance Buying Habits Could Affect Capital Ratios
Apr 10 2015 // The purchase of reinsurance by Indonesian non-life insurers is high, which could have a significant effect on capital requirements and magnify the capital impact of changes to reinsurance asset quality, according to anA.M....
Solvency II Staggers Towards Finish Line: a Retrospective Analysis
Apr 7 2015 // It’s been a long process, but, according to Paul Fisher, deputy head of the Bank of England’s Prudential Regulation Authority (PRA), who supervises insurance and regulatory risk, the introduction of the...
Two California Insurers Agree to Change Use of Death Master File
Mar 24 2015 // California Insurance Commissioner Dave Jones announced multi-million dollar settlement agreements with Guardian Life and Pacific Life related to their use of the Social Security Administration’s Death Master File...
Kansas Commune Leader Found Guilty in Murder-for-Insurance Case
Feb 20 2015 // A man who led a Kansas commune that collected millions of dollars in life insurance payouts from dead members has been convicted of premeditated murder in the 2003 drowning death of a female member. Daniel Perez, 55, also...
Penn. Insurance Dept.: 2014 Was a Banner Year for Consumer Protection
Jan 21 2015 // The Pennsylvania Insurance Department said 2014 was a banner year for consumer protection. The department said its Office of Market Regulation concluded 2014 by collecting more than $4 million in penalties and fines and...
Louisiana Audits Find $31M in Unclaimed Life Insurance
Jan 14 2015 // State Treasurer John Kennedy says audits of life insurance company policies have uncovered more than $31 million in unclaimed property for beneficiaries in the past eight years. The Treasury Department discovered the...
India Moves Closer to Raising Foreign Direct Investment Cap for Insurance
Dec 10 2014 // Max India Ltd., the Indian partner of MS&AD Insurance Group Holdings Inc., Japan’s biggest casualty insurer, surged to its highest in a month after a parliament panel recommended the nation increase the cap on...
African Insurers’ Growth Interests Europe, So. Africa, as Incomes Rise
Dec 8 2014 // A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and strong competition at home....
Security in the Aftermath of a Tragedy: The Need for a Business Succession Plan
Dec 1 2014 // Starting a business is, statistically, a risky enterprise. The vast majority of ventures fail because of delays, poor product development, inadequate sales and marketing, and lack of working capital, among many other...
World’s Top 15 Commercial Lines Brokers Write 43% of Business: Finaccord
Nov 12 2014 // The world’s top 15 insurance brokers write more than 43 percent of the commercial lines property/casualty business globally, according to a new ranking by London research firm Finaccord. The same report says that the...
Taiwan’s Cathay Life Acquires Asset Manager, Research Firm Conning
Nov 12 2014 // Cathay Life Insurance Co. of Taiwan has acquired insurance industry investment and asset manager and research firm Conning Holdings Corp. of Hartford, Conn. and all of its subsidiaries. Under the terms of the agreement,...
Blue River Underwriters D. Scott Tramel and John Searles Launch USL&H and Maritime Employers Liability Insurance Program
Nov 6 2014 // KENNESAW, GA, November 6, 2014 — Blue River Underwriters, a division of Breckenridge Insurance Group, has introduced a new United States Longshoreman and Harbor Workers Act (USL&H) and Maritime Employers Liability...
German and French Insurance Markets Show Resilience
Oct 16 2014 // Despite varying internal pressures, the German and French insurance markets have shown resilience in their respective ways, according to two separate reports issued by A.M. Best. While Germany’s economy is among the...
A.M. Best: UK Non-Life Insurers’ Profits Under Pressure
Oct 14 2014 // Profit margins in the U.K. non-life insurance sector are under pressure this year as companies fight to maintain pricing discipline in an extremely competitive market, according to a new A.M. Best special report. Premium...
John Hancock to Refund Seniors $550K in Massachusetts
Sep 29 2014 // John Hancock Life Insurance Company, along with its subsidiary broker-dealer, has agreed to refund senior citizens in Massachusetts more than $550,000, Massachusetts Attorney General Martha Coakley’s office...
New CEO Hancock Puts Stamp on AIG Management in Shake-Up
Sep 19 2014 // American International Group Inc. named Kevin Hogan to lead its main life insurance business, putting him in charge of offerings for individuals, as new Chief Executive Officer Peter Hancock shakes up management. Hogan...
Goldman Leads Wall Street Tapping Taiwan Cash Pile
Sep 10 2014 // Wall Street banks, including Goldman Sachs Group Inc. and Citigroup Inc., are rushing to issue U.S. dollar bonds in Taiwan after a rule change unlocked $586 billion of funds held by the island’s insurance...
MAPFRE Enters Mass. Life Insurance Market
Sep 8 2014 // MAPFRE U.S.A. has begun selling a term life insurance product in Massachusetts, where MAPFRE’s subsidiary, Commerce Insurance, is the largest auto and home insurance carrier. MAPFRE said it is seeking to leverage its...
