LIMRA: UL Sales Continue To Soar
By Allison BellStrong sales of universal life insurance are continuing to buoy the U.S. life market.[@@]Revenue from new U.S. individual life sales was 10% higher during ...
July 08, 2004
New TRIA Bill Includes Group LifeSeveral leading U.S. House Democrats are sponsoring legislation to extend the Terrorism Risk Insurance Act for 3 years and specifically cover group life.[@@]The legislation, ...
July 08, 2004
Protective Annuity Rewards Long-Term HoldersNU Online News Service, July 8, 2004, 2:45 p.m. EDTProtective Life Insurance Company, Birmingham, Ala., is introducing a variable annuity aimed at consumers who ...
July 08, 2004
Atlanta Life To Manage $50 Million In MetLife AssetsNU Online News Service, July 8, 2004, 9:54 a.m. EDTMetLife Inc., New York, will be turning management of some assets over to a life ...
July 08, 2004
Key Pension Rate Falls SlightlyA new federal law is continuing to protect pension plan sponsors from low 30-year Treasury bond rates.[@@]The composite corporate bond rate that sponsors now ...
July 08, 2004
IRS Sets Structured Settlement Sales Tax RulesThe Internal Revenue Service has published a final version of regulations that discourage the sale of structured settlement annuities.[@@]The regulations impose a 40% excise ...
July 08, 2004
Insurance Commissioners Sue Vatican Over FrankelVatican officials are expected to vigorously fight a suit stemming from problems at insurers once associated with the financier Martin Frankel.[@@]The suit, filed in ...
July 08, 2004
S&P Praises Penn Treaty, Leaves Ratings UnchangedNU Online News Service, July 8, 2004, 6:11 p.m. EDTPenn Treaty American Corp., Allentown, Pa., has gotten a modest boost from a major rating ...