Tag: Insurers

Private life insurers gain from forfeited balances of customers

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Private life insurers gain from forfeited balances of customersNews from Hindu Business Line: Post threefold jump in profits in FY12; 13 out of 22 firms in positive zone November 25, 2012:   Private life insurance companies trebled their total net profits in 2011-12, with 13 of 22 companies turning in a positive result. Life Insurance Corporation, [...]

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TEXT-S&P on North American life insurers

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TEXT-S&P on North American life insurersNews from Reuters: Tweet Share this Email Print Wed May 30, 2012 9:59am EDT May 30 – The North American life insurance industry is facing a number of challenge…………… continues on Reuters … Read the full article . . . _______________________________________________

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LexisNexis helps life insurers search for missing beneficiaries

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LexisNexis helps life insurers search for missing beneficiariesNews from Fox Business: If you get an official-looking envelope containing a letter from MarketSphere Unclaimed Property, don’t throw it away. No, you didn’t win $ 10 million from Publishers Clearing House, but you could be the beneficiary of a deceased relative’s life insurance policy. MarketSphere is teaming [...]

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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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Health reform law has small insurers on edge

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Health reform law has small insurers on edgeNews from Chicago Tribune: United Security Life and Health Insurance Co. lost money in 2009. The next two years weren’t much better. So when it came time for the small Bedford Park-based insurer to set health care premiums in 2012, it said didn’t have much choice but to [...]

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Corporate agency channel runs out of favour with life insurers – Business Standard

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Corporate agency channel runs out of favour with life insurers – Business StandardNews from Corporate agency channel runs out of favour with life insurers – Business Standard: Corporate agency channel runs out of favour with life insurers Niladri Bhattacharya / Mumbai Jan 17, 2012, 00:50 IST Stringent licensing norms, new persistency guidelines make it the [...]

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Outlook stable for Japan’s non-life insurers, says Fitch

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Outlook stable for Japan’s non-life insurers, says FitchNews from Stock Market Wire: StockMarketWire.com – The outlook for Japan’s non-life insurance industry is stable, underpinned by a recovery in the core automobile business line, according to a new report by Fitch Ratings. It says the fundamentals of the three major non-life insurance groups – Tokio Marine [...]

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New York Life, Insurers Fault Madoff Trustee’s Treatment in Tremont Deal

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New York Life, Insurers Fault Madoff Trustee’s Treatment in Tremont DealNews from Bloomberg: New York Life Insurance Co. and six other insurance companies assailed the $ 1 billion settlement the trustee liquidating Bernard Madoff’s firm forged with Tremont Group Holdings Inc., saying it didn’t treat all of Tremont’s funds equally. As limited partners of the [...]

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New Report Unveils Vast Opportunity for Life Insurers

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New Report Unveils Vast Opportunity for Life InsurersNews from Insurance Networking News: Insurance Networking News, September 6, 2011 Justin Stephani Half of America’s households (about 58 million) claim to be underinsured when it comes to life insurance, according to a new study from LIMRA. The study, “Trillion Dollar Baby Growing Up,” revealed as much as [...]

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Securian to buy 2 more insurers

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Securian to buy 2 more insurers News from Minneapolis Star Tribune: St. Paul-based Securian Financial Group, Inc. said Thursday it is acquiring two businesses from American Modern Insurance Group of Cincinnati. Terms of the acquisition of American Modern Life Insurance Co. and its subsidiary, Southern Pioneer Life Insurance Co., weren’t disclosed. Securian said it expects [...]

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