Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
Old Mutual to Sell U.S. Life Business for $350 Million
By staff WriterBritish 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 05, 2010
Scottish Re Tender Offer ExpiresHolders have tendered about $25 million in pass-through certificates to Scottish Annuity & Life Insurance Company (Cayman) Ltd.
August 05, 2010
12 Questions for 1 Successful LTCI Agent: Joe ImparatoJoe Imparato is a long term care insurance broker at Tucker & Shepley Benefits and Insurance Ltd. in downtown Boston. He also writes group medical, dental, and disability insurance for groups of 200 to 1,000 employees.
August 05, 2010
CIGNA Reports 32% Q2 Loss on Variable Annuity Business; Stock Rises Despite LossCIGNA Corp.'s second-quarter 2010 earnings fell 32% to $294 million, or $1.06 per share, compared to $435 million, or $1.58 per share, a year ago, the insurer reported Thursday, August 5.
August 05, 2010
The Hartford Beats Earnings Estimates, Lowers EPS OutlookThe Hartford Financial Services Group (HIG) reported second-quarter 2010 net income of $76 million, or $0.14, vs. a year-ago net loss of $15 million, or $(0.06) per diluted share.
August 04, 2010
PPACA: Words, Words, WordsComing up with a clear definition of "out of pocket limit" is a tough one, and the term can be difficult for consumers to understand, a regulator says.
August 04, 2010
GAO Finds Gaps in Medicaid Rate OversightThe Centers for Medicare and Medicaid Services has been inconsistent in reviewing states' Medicaid managed care rates, according to the U.S. Government Accountability Office.
August 04, 2010
PPACA: Missouri Voters Pan PlanMissouri residents voted Tuesday to reject health insurance purchase mandates.