Archive: March, 2012

How to keep doctors off financial life support

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How to keep doctors off financial life supportNews from Washington Post: Doctors across the country are suffering from a financial flu.  Some fear going broke or buckling under the cost of malpractice insurance and lower reimbursement rates from insurers for the care they provide. There’s no question the landscape for practicing medicine has changed.  Many [...]

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TEXT-S&P revises Ohio National Life Insurance Co outlook

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TEXT-S&P revises Ohio National Life Insurance Co outlookNews from Reuters: Fri Mar 30, 2012 3:30pm EDT Overview — In our opinion, the company’s competitive position may weaken relative to similarly related peers due to current market dynamics in the U.S. life insurance and annuity sectors. — We are revising our outlook on these companies to [...]

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10 tips for saving on life insurance

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10 tips for saving on life insuranceNews from Fox Business: If you have people who depend on you, chances are life insurance is a good idea. While the thought of planning for your death can seem unpleasant, the truth is once you purchase life insurance, you’ll probably sleep easier knowing things will be covered if [...]

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China Life Misses on Both Lines

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China Life Misses on Both LinesNews from Zacks.com: China Life Insurance Co. Ltd. (LFC) reported 2011 operating earnings of RMB0.65 per share (US$ 1.50 per ADR), witnessing a plunge of 45.4% from RMB1.19 per share (US$ 2.63 per ADR) in 2010. Net income also declined 45.5% to RMB18.3 billion (US$ 2.83 billion) from RMB33.6 billion [...]

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Supreme Court preparing to pull the plug on health care law?

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Supreme Court preparing to pull the plug on health care law?News from Fox News: Watch the latest video at FoxNews.com This is a rush transcript from “Hannity,” March 27, 2012. This copy may not be in its final form and may be updated. SEAN HANNITY, HOST: The cornerstone of President Barack Obama’s domestic agenda is on [...]

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China Life Insurance says plans to issue sub-debt

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China Life Insurance says plans to issue sub-debtNews from Reuters: HONG KONG, March 27 | Tue Mar 27, 2012 4:41am EDT HONG KONG, March 27 (Reuters) – China Life Insurance Co Ltd Vice-President Liu Jiade said on Tuesday that the company plans to issue subordinated debt in the near future, subject to shareholder approval, a [...]

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China Life Q4 profit slumps 82 percent on lower returns

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China Life Q4 profit slumps 82 percent on lower returnsNews from Reuters: By Samuel Shen and Clare Baldwin SHANGHAI/HONGKONG | Mon Mar 26, 2012 9:10am EDT SHANGHAI/HONGKONG (Reuters) – China Life Insurance (601628.SS) (2628.HK) posted its biggest quarterly profit slump of 82 percent, hit by lower investment returns and slower growth, and said it faced [...]

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Insurance giants likely to launch bidding war for ING’s Asian life business

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Insurance giants likely to launch bidding war for ING’s Asian life businessNews from The Australian: SOME of the world’s largest insurance companies are gearing up to compete for ING Groep?s Asian life-insurance arm, potentially creating a bidding war that could reach $ US6 billion $ 5.72bn) for what is considered a good franchise in the [...]

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Are life insurers sitting on payable policies?

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Are life insurers sitting on payable policies?News from Allentown Morning Call: If you have life insurance, make sure your beneficiaries know who they are and where they can find your policy after you’re gone. If you don’t give them the information, that policy isn’t going to do anybody any good. Officials in several states, including [...]

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Life insurance premium collection declines 14% since April – Business Standard

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Life insurance premium collection declines 14% since April – Business StandardNews from Life insurance premium collection declines 14% since April – Business Standard: Life insurance premium collection declines 14% since April Policy issuance shrinks 10% general insurance industry grows 24.03% BS Reporter / Mumbai Mar 24, 2012, 00:41 IST The busy tax saving season failed [...]

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