Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
NAIC Chimes in on Retained Assets
By Arthur D. PostalState insurance regulators will demand disclosure in plain language that beneficiaries of insurance products can "receive the entire death benefit in a single cash payment" in future regulation of retained asset accounts, the NAIC says.
August 06, 2010
AIG Posts $2.7 Billion Loss on Restructuring ChargesAmerican International Group reported a net loss of $2.7 billion for the second quarter of 2010, or $-3.96 per share, compared to net income of $1.8 billion, or $2.30 per share in the second quarter of 2009.
August 06, 2010
NAIC Chimes in on Retained AssetsState insurance regulators will demand disclosure in plain language that beneficiaries of insurance products can "receive the entire death benefit in a single cash payment" in future regulation of retained asset accounts, the NAIC says.
August 06, 2010
Allianz SE Loses Profits as PIMCO Helps Unit Double EarningsAllianz SE (AZSEY), Europe's largest insurer, said its second-quarter profits fell nearly 50%, largely due to the sale of shares in Industrial & Commercial Bank of China and a write-down in its investment in Hartford Financial Services Group Inc.
August 05, 2010
Sun Life Tops Estimates on Lower Net Income, Better MFS EarningsSun Life Financial (SLF) on Wednesday, August 5, reported net income of $213 million for the second quarter of 2010, compared with net income of $591 million in the same period last year.
August 05, 2010
Boomers: American Dream is Out of ReachOver two-thirds of boomers feel that financial security is the American dream, according to a recent study by MetLife, up from 60% in 2006. Just...
August 05, 2010
PPACA: Task Force Seeks Preventive Care IdeasAn advisory group that helps the federal government evaluate preventive care services is looking for nominations for topics to review.
August 05, 2010
PPACA: NAIC Panel Has Full CalendarThe Regulatory Framework Task Force will be busy updating National Association of Insurance Commissioners appeals and managed care models.