Life Insurance
Life Insurance News and Life Insurance Information.

Insurers weathered financial storm in 2008 - Forbes
Storms weren’t the only thing that battered insurance companies in 2008, and the new year could be just as tough. Perhaps the biggest event to shake the industry in 2008 was the sudden collapse of American International Group Inc., once the largest

LIC goes whole hog to sell new policy - Business Standard
The state-owned company has received proposals worth over Rs 3,500 crore during the first 15 days of the scheme s launch, while actual premium received is more than Rs 750 crore, LIC sources said. The close-ended scheme, the first from the insurer

Slain woman’s family tries to keep accused killer from collecting - Orlando Sentinel
SANFORD - The family of a Seminole County lawyer who was shot to death in her bed is suing the ex-boyfriend charged with killing her. The estate of Theresa “Teri” Anderson, 51, of Geneva is asking a judge to bar Andrew Conley from collecting $170,000

Long-Term Care Insurance - Walletpop.com
Cost of premiums. A long-term care insurance policy may cost thousands of dollars a year in premiums . You may only want to buy a minimum amount of coverage to prevent your premiums from spiraling out of control. According to the National Association

2008: the year that was - Calgary Sun
5: Following years of denial by U.S. President George W. Bush that the U.S. has used torture, the CIA admits waterboarding terror suspects. 5: Tornadoes rip through five American states, killing more than 50 people. 7: Republican presidential

Insurers seek to ensure rural presence - China Economic Net
Li Xuemei, a 42-year-old villager in Qianheizhai, a small village in Central China’s Henan province, said she never bought an insurance policy before. With an annual family income of around 4,000 yuan, a policy higher than 100 yuan could be

Life insurance cos growth may slow down to 17% - Economic Times
HYDERABAD: Following a dip in unit-linked insurance plans (Ulip) sales, growth of domestic insurance companies will slow down to 17% this financial year compared with 24% last fiscal, said the Insurance Regulatory and Development Authority chairman J

Slain woman’s family tries to keep accused killer from collecting - Orlando Sentinel
SANFORD - The family of a Seminole County lawyer who was shot to death in her bed is suing the ex-boyfriend charged with killing her. The estate of Theresa “Teri” Anderson, 51, of Geneva is asking a judge to bar Andrew Conley from collecting $170,000

Long-Term Care Insurance - Walletpop.com
Cost of premiums. A long-term care insurance policy may cost thousands of dollars a year in premiums . You may only want to buy a minimum amount of coverage to prevent your premiums from spiraling out of control. According to the National Association

Insurance lies ‘on the increase’ - BBC News
A growing number of people are lying on insurance applications in an attempt to get a better deal, according to the Association of British Insurers (ABI). Those involved in the fraud are risking their deals being invalidated, as well as putting up

Health insurance portability to be in place by FY09 - Business Standard
The General Insurance Council an association of non-life insurers has arrived at a decision and the recommendations will be sent to the Insurance Regulatory and Development Authority shortly. Insurers have reached a consensus and probably

26/11 spawns a new breed of exclusive terror insurance - Economic Times
MUMBAI: The mass hysteria generated by the 26/11 Mumbai terror attacks has resulted in insurance companies being inundated with enquiries regarding terrorism covers. At present, terror victims can file claims under personal accident and home

Insurers seek to ensure rural presence - China Economic Net
Li Xuemei, a 42-year-old villager in Qianheizhai, a small village in Central China’s Henan province, said she never bought an insurance policy before. With an annual family income of around 4,000 yuan, a policy higher than 100 yuan could be

An Unhealthy Individual Health Insurance Market - American Progress
Rob and Ghada Abraham of Livonia, Mich., are challenging a Blue Cross Blue Shield of Michigan plan to raise the cost of their individual market policy by 24 percent. Though 45 million Americans are uninsured, only 14.5 million Americans buy health

Japanese insurance companies in merger talks - Financial Times
Three Japanese non-life insurance companies are considering a merger that would create the largest company in the sector with combined premium revenues of Y2,730bn ($30.2bn). Mitsui Sumitomo Insurance Group (MSIG), Aioi and Nissay Dowa are mulling a

Insurers’ core sector exposure limit may be hiked to 20% - Business Standard
The Insurance Regulatory & Development Authority (Irda) is likely to raise the exposure limits of life insurers to infrastructure sector to up to 20 per cent from 15 per cent now. Sources close to the development said that Irda would come up with

A hard rain for Japan s insurers - Financial Times
Calamities are a way of life for insurance companies, whether in the form of typhoons or pirates off the Somali coast. But for Japan s non-life insurance companies, the combination of the financial crisis and the inexorable shrinking of their home

Disclosures on subsidiary performance a black hole for firms - Business Standard
Reliance Life Insurance is among the top four private sector life insurance companies in the country. The new business premium that it collected from people grew at a remarkable195 per cent in 2007-08 to Rs 2,751 crore. How profitable is the venture

Life insurance booms as public becomes cautious - The Australian
AS the financial services industry stumbles from one disaster to the next, one slice of the sector — life insurance — is growing like topsy as Australians increasingly look to protect their income and lifestyle. The way the industry sees it, the

Health insurance portability to be in place by FY09 - Business Standard
The General Insurance Council an association of non-life insurers has arrived at a decision and the recommendations will be sent to the Insurance Regulatory and Development Authority shortly. Insurers have reached a consensus and probably

Left opposes Insurance Bill - New Kerala
New Delhi, Dec 22 : Amid opposition from the Left parties, the Government today introduced a bill seeking to provide for raising of minimum capital of the Life Insurance Corporation of India from Rupees five crores to Rupees 100 crore. The Left

Insurancewide addresses the decline in life insurance sales - WebWire
Since the economic crisis began, countless businesses across a number of industries have suffered - and it s no secret that the poor financial climate has also hit the insurance industry, particularly the life insurance sector. With global life

Lying when buying insurance on the increase - yorkshirepost
INCREASING numbers of people are running the risk of invalidating their insurance cover by lying when they take out a policy in a bid to get a better deal, a trade body warned today. The Association of British Insurers (ABI) said its members were

Consumer Sundays: what happens to your 401 (k) and pension if your - Chicago Tribune
So, hypothetically speaking, you work for a business that has recently declared bankruptcy or otherwise goes kaput. Unfortunately, given the downward trajectory of our markets lately, this is a reality that affects more and more people every day.Read

BEA China commences new Hefei branch - Banking Business Review
The Bank of East Asia China (BEA China) said that the Hefei branch provides comprehensive foreign currency banking services to all customers. These services include account and deposit services, loans and advances, bill acceptance and discounting

How one family’s mortgage is linked to meltdown - Economic Times
NEW YORK: Cynthia Goldrick’s daughter is in and out of the hospital for brain surgery, her mother has Stage 4 lung cancer and her father has moved into a home for the elderly. So when the Goldrick family’s adjustable rate mortgage reset while husband

J.G. Wentworth Completes $74.6 Million Securitization of Structured - PR Inside
Specialty finance company J.G. Wentworth today announced the completion of a $74.6 million securitization of structured settlement and annuity backed notes. Commenting on the transaction, J.G. Wentworth Chief Financial Officer John Calamari said

An Unhealthy Individual Health Insurance Market - American Progress
Rob and Ghada Abraham of Livonia, Mich., are challenging a Blue Cross Blue Shield of Michigan plan to raise the cost of their individual market policy by 24 percent. Though 45 million Americans are uninsured, only 14.5 million Americans buy health

Health insurance options limited after job loss - San Francisco Gate
Sunday, December 21, 2008 Two years short of Medicare eligibility and beset by health problems, Mathson’s options for health care are limited and expensive. “There is insurance out there, but they’re like $1,000 a month and they don’t pay anything to

Latest News - dBusinessNews.com
The Gables Condominiums in Abington offers 100% financing for qualifying veterans. ABINGTON, MASSACHUSETTS The Gables Condominiums, a luxury condominium development located Fidelity Unveils Retirement Resolutions for All Ages to Help Investors

26/11 spawns a new breed of exclusive terror insurance - Economic Times
MUMBAI: The mass hysteria generated by the 26/11 Mumbai terror attacks has resulted in insurance companies being inundated with enquiries regarding terrorism covers. At present, terror victims can file claims under personal accident and home

Agencies team up to put family on its feet - Herald-Mail
One problem with getting older is that you begin to lose your sense of time. What happened a couple of years ago seems like just a couple of months in the past. That’s why I can’t tell you precisely when this happened, but it hasn’t been that long

J.G. Wentworth Completes $74.6 Million Securitization of Structured - PR Inside
Specialty finance company J.G. Wentworth today announced the completion of a $74.6 million securitization of structured settlement and annuity backed notes. Commenting on the transaction, J.G. Wentworth Chief Financial Officer John Calamari said

Insurance Commissioner Poizner Announces $750,000 Settlement With - Insurance News Net
Copyright 2008 HT Media Ltd.All Rights Reserved US States News December 22, 2008 Monday 1:36 AM EST LENGTH: 358 words HEADLINE: INSURANCE COMMISSIONER POIZNER ANNOUNCES $750,000 SETTLEMENT WITH COMPANY FOR ALLEGED CLAIMS HANDLING VIOLATIONS BYLINE

BEA China commences new Hefei branch - Banking Business Review
The Bank of East Asia China (BEA China) said that the Hefei branch provides comprehensive foreign currency banking services to all customers. These services include account and deposit services, loans and advances, bill acceptance and discounting

Debt Settlement Company Lands Toughest License in Industry: Greenspoon - PR Newswire
FORT LAUDERDALE, Fla., Dec. 23 /PRNewswire/ — Greenspoon Marder, P.A. is the first law firm in the country to secure licensing for a debt settlement company, in the toughest state in the country. This month, the Office of the Attorney General of

J.G. Wentworth completes $75M notes deal - Philadelphia Business Journal
J.G. Wentworth said Monday that it completed a $74.6 million securitization of structured settlement and annuity backed notes. The Bryn Mawr, Pa., company buys deferred payments for structured settlements, annuities and life insurance policies. CFO

Light The PATH: Nonprofit Helps Tyler Woman Ease The Pain - Tyler Morning Telegraph
When Karen Lozano, 43, hobbled back into her home lit with Christmas lights on Friday, her children were overjoyed. Using a walker, she painfully proceeded to a couch and sat. “I was pretty worried,” confessed 16-year-old Israel while standing by the

Chuck Badie adjusts to life in Musicians Village - Hattiesburg American
NEW ORLEANS He had to start over at 80. Some of the hundreds of photographs on his walls are almost indecipherable smudges, showing more of the hurricane that drowned his old home than the sons and daughter he sees in them. But 83-year-old Peter

Top Destinations 2009 - CNBC
Following OPEC’s emergency production meeting that took place on the morning of October 24, CNBC reveals various oil producing countries’ break-even oil prices (as compiled by the IMF). Take a look at this year’s bank failures (in chronological order

Reform health care as part of stimulus effort - Concord Monitor
Unless they have ample savings, when people lose their jobs they lose their health insurance. Half of all unemployed Americans went without coverage last year, according to the Kaiser Family Foundation. Many who then suffered a serious illness lost

Why choose Life insurance? - Best Syndication
The main purpose of insurance is to bring stability in life by providing hedging of the occurrence of any future mishap. Life insurance guarantees the stated amount or monetary benefit upon the death of the insured. Preliminarily, Life insurance

World keeps humour in 2008 despite economic woes - Reuters Africa
BERLIN, Dec 26 (Reuters Life!) - Whether smashing plates in San Diego to relieve frustration or drinking “Bailout Bitter” beer in Canada sold as a “bitter ale for bitter times”, people the world over kept a sense of humour in 2008 despite financial

Toon Talk - Free Lance-Star
Patients of the weight-loss surgery program at Mary Washington Hospital were surprised, sad and angry when they learned that the program was closing. Now they fear the unknown. About 180 people were affected when the Fredericksburg hospital abruptly

Talk money with family - Chicago Sun-Times
If you have family gathered round you today, this column will be important. But if you are alone on this holiday — or know someone who is, by choice or by chance — I entrust you with this important and serious task. In the midst of all the holiday

Austin job picture darkens - Austin American-Statesman
The Austin area job situation weakened in November, as unemployment rose to 5 percent from 3.5 percent a year ago. But the region still is growing jobs at a 1.6 percent annual rate, according to the Texas Workforce Commission., Statewide, the