Life Planning Strategies
Life planning strategies, with ideas about how to use life insurance and related products to help people and businesses get things done.
High Net Worth Insurer PURE Moves to Another Coastal Area
By Joyce HansonHigh-net worth insurer Privilege Underwriters Reciprocal Exchange (PURE) is expanding to another state on its way to becoming a national carrier, our sister publication National Underwriter reported Friday, August 20.
August 19, 2010
Starve, shoot, stab the beastEarly on in the Clinton Administration, my friend's father found himself on a Washington/Providence shuttle with Ira Magaziner, architect of Hillary's failed government health care...
August 19, 2010
LIMRA: Q2 Annuity Sales UpTotal annuity sales increased 11% from the first quarter of 2010, the first quarterly increase since the fourth quarter of 2008, LIMRA reports. Year-to-date sales...
August 19, 2010
SEC and GAO Issue Reports Regarding Life SettlementsLargely overlooked in the wake of financial regulatory reform, on July 22 two government agencies released reports discussing the regulation of life insurance settlements.
August 16, 2010
Retained Asset Accounts Is Focus of Senator Shelby's September HearingNAIC working group releases consumer alert on the accounts.
August 09, 2010
NAIC to Investigate Insurers Over Deceased Veterans' BenefitsThe National Association of Insurance Commissioners will establish a working group "to examine a life insurance claims settlement practice involving the use of retained asset accounts." Of particular concern to the group is consumer disclosure.
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
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.