Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Strategic Insight: VA Lifecycle Assets Top $266 Billion in 2011
By Warren S. HerschVariable annuities at year-end 2011 accounted for $266 billion of lifecycle assets, with nearly all (96%) of the assets residing in target risk strategies, the report finds. The $255 billion variable target risk market attracted $4.0 billion of net flows, while posting net returns of 5.68% during the quarter. Variable...
March 07, 2012
Got Solvency? Work on NAIC's ORSA Model Act UnderwayNAIC is taking steps to improve solvency modernization both domestically and on an internationally-reviewed basis. FIO becomes involved in also looking at the U.S. solvency initiatives.
March 07, 2012
MetLife's MMI Launches New Resources for SeniorsThere will now be a plethora of updated, free resources to assist consumers as they contend with their autumn years.
March 06, 2012
AG 38 Set to Pass First Phase Toward New Framework for Setting ReservesAnd so begins Phase 1 of the process of making sense of AG 38 until principal-based reserving is in place.
March 06, 2012
Hedge Fund Manager Urges Hartford BreakupHedge fund manager John Paulson has intensified his campaign for the Hartford Insurance Group to break itself up into separate property and casualty and life businesses by taking the case directly to Hartford shareholders.
March 06, 2012
Praeger Goes to Bat for Elderly Patients over LTC CoverageAfter a Kansas City, Mo., NBC affiliate highlighted the struggle of a patients family and regulators to battle for long-term care insurance coverage after buying a policy, the head of the health committee at the National Association of Insurance Commissioners has vowed stronger regulation for those LTC insurers that deny...
March 06, 2012
Obama Budget a Bitter Pill for Life InsurersPresident Obamas proposed budget for 2013 would impose sweeping tax reversals on the insurance industry, including reduced tax benefits from dividend-received deductions and corporate-owned life insurance (COLI) designed to raise about $15 billion in additional taxes over 10 years on life insurance companies.
March 06, 2012
Sun Life Financial Posts $525 Million Loss in Fourth Quarter (2/16)Sun Life Financial posted in the fourth quarter of 2011 a more than half-billion dollar loss, an amount comparable to the profit the company enjoyed in the same period of 2010.