Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Consumer Reform in Life Settlements: Fewer Intermediaries?
By Cynthia PovedaOver the last five years, the life settlement marketplace has moved toward an environment where most of the population is now protected through regulation.
August 06, 2010
Dems, GOP Clash on Small Business AmendmentsA section of the new federal Patient Protection and Affordable Care Act (PPACA) requiring small businesses to file information on all purchases of property and services is shaking things up in the U.S. Senate.
August 06, 2010
Manulife May Up Prices on In-Force LTCManulife Financial Corp. is warning it may soon increase premiums on in-force long term care (LTC) insurance products sold in the U.S.
August 06, 2010
Insurance Groups Outline Hopes for FIOTrade groups representing large insurers are urging the Treasury Department to ensure that the Federal Insurance Office (FIO) play a strong role in representing the U.S. on global insurance issues.
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
Old Mutual to Sell U.S. Life Business for $350 MillionBritish insurer Old Mutual Group P.L.C. announced it has agreed to sell its U.S. life insurance operations to Harbinger Capital Partners L.L.C. for $350 million
August 06, 2010
Insurance Groups Outline Hopes for FIOTrade groups representing large insurers are urging the Treasury Department to ensure that the Federal Insurance Office (FIO) play a strong role in representing the U.S. on global insurance issues.
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.