August 7th, 2008
Aug. 7 (Bloomberg) — Allianz SE , Axa SA and Aegon NV, three of Europe’s biggest insurers, reported lower profit as the subprime contagion and slumping stock markets ate into the value of their holdings. Allianz, based in Munich, scrapped its Read More
The Land Transportation Office (LTO) has started the implementation of the controversial Compulsory Third Party Liability Insurance of the Government Service Insurance System (CTPL-GSIS) despite the existence of a 60-day temporary restraining order Read More
Aug. 7 (Bloomberg) — Aegon NV , owner of the U.S. insurer Transamerica Corp., dropped the most in five years after the company said second-quarter profit fell 58 percent, more than analysts estimated, on higher writedowns and investment losses Read More
ZURICH : Swiss Reinsurance, the world’s largest reinsurer, announced an agreement Tuesday to buy the life insurance unit of Barclays for £753 million in cash, even as it wrote down more credit assets. Swiss Re said it would acquire about 760,000 Read More
Most business owners do not know what their businesses are worth and have no exit strategy. That’s about to change thanks to an innovative solution provided by Davis Life Brokerage , a national insurance marketing organization. The Business Read More
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August 7th, 2008
NEW YORK, Aug 6 (Reuters) - Nationwide Financial Services Inc, a provider of life insurance and annuity products, said on Wednesday it agreed to a $2.4 billion buyout by its parent, Nationwide Mutual Insurance Co. The parent agreed to pay $52.25 per Read More
Standard Life’s profits beat forecasts yesterday but the life insurer warned that the outlook for the sector was impossible to call in difficult markets. First-half operating profits on an embedded value basis rose 51 per cent to £534m, boosted by Read More
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August 6th, 2008
MUMBAI, Aug 5 (Reuters) - Max New York Life Insurance Co plans to tap the lower middle-class to boost premium income in a market where insurance penetration is still one of the lowest in Asia, officials said. “We believe there are 100 million Read More
Farmers Insurance Claims Team Assists Victims of Indiana Storm Business Editors GARY, Ind.–(BUSINESS WIRE)–August 6, 2008–Farmers Insurance Group of Companies advises its customers suffering damage from the recent storm in the Northwest Indiana Read More
COLUMBIA, S.C., Aug. 4 /PRNewswire/ — Colonial Life & Accident Insurance Company has set up dedicated phone lines to make it easier for customers affected by tropical storm Dolly in Texas to get support from the company. Customers can call Colonial Read More
Infomercial king Billy Mays, known for screaming about the wonders of cleaning solutions Kaboom!, OxiClean, and other household products, is now starring in a commercial for what he calls “the most important product I’ve ever endorsed:” health Read More
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August 6th, 2008
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Protecting Your IncomeBusinessWeek - 2 hours agoIn fact, a recent survey by Berkshire Life Insurance found that 25% of Americans are worried about losing their jobs within the next six to 12 months …
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August 5th, 2008
The AMBG closed Monday, Aug. 4, at 1036.90 (-0.10%). Of the 15 A.M. Best stock indexes, six rose and nine declined. Leading A.M. Best’s Global Insurance Composite Index (AMBG) were Cigna (+5.25%) and Aetna (+5.03%). Trailing the list of global Read More
Aug. 5 (Bloomberg) — U.K. stocks advanced for the first time in four days, led by Barclays Plc after the U.K.’s third- biggest bank agreed to sell its U.K. life-insurance unit to Swiss Reinsurance Co. for 753 million pounds ($1.5 billion). Legal Read More
ZURICH, Switzerland (AP) — Swiss Reinsurance Co. reported a 53% drop in second-quarter net profit Tuesday, citing ongoing financial turmoil on the world markets. The world’s largest reinsurer said its net profit during the three months to June was Read More
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August 5th, 2008
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Is Low-Cost Health Insurance Worth It?MSNBC - 17 hours agoConsumers should make sure they have enough life insurance, which replaces income when you or a family member dies. Weydert recommends buying a term life …
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August 4th, 2008
There really isn’t much more to this story than this: Larry Tate is a financial planner. Every day, Tate guides clients through life’s big decisions: Retirement and estate planning, 401ks, IRAs, life and disability insurance. The thing is, Tate can’t Read More
Like the ostrich, are you sticking your head in the sand when it comes to insuring yourself? According to recent statistics from the insurance industry, sales of the most basic personal protection insurance products, i.e. life insurance and income Read More
WANT to know what’s all the rage these days? I’m not talking high-waisted jeans (which I think is a joke Kate Moss is playing on all of us). No, it’s the intriguing, but ridiculous practice of faking your own death. You wouldn’t think it was common Read More
– Steven M. Stecher has been appointed president of Conseco Insurance Group (CIG), including Worksite Operations and CIG New Business Services. Stecher, who served previously as executive vice president of operations for Conseco, replaces Dan Bardin Read More
Imagine an all-purpose warranty that would cover, for less than $10 a month, just about every appliance and electronic gizmo in the house. As of today, it exists. GreenUmbrella.com, backed by the giant credit-reporting agency Experian, offers a Read More
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August 4th, 2008
Like the ostrich, are you sticking your head in the sand when it comes to insuring yourself? According to recent statistics from the insurance industry, sales of the most basic personal protection insurance products, i.e. life insurance and income Read More
Aflao, Aug 3, GNA- Mrs Emma Ocran, Legal Director, National Insurance Commission (NIC), said the services of lawyers in the pursuance of insurance compensation arising from motor accidents was a matter of choice rather than a necessity. She explained Read More
There really isn’t much more to this story than this: Larry Tate is a financial planner. Every day, Tate guides clients through life’s big decisions: Retirement and estate planning, 401ks, IRAs, life and disability insurance. The thing is, Tate can’t Read More
Some consumers are worrying as banks report billion-dollar losses from bad loans and in the wake of the seizure of IndyMac Bank, the third-largest bank failure in U.S. history. The good news is that you can eliminate the risk of losing money in a Read More
We were among the first, more than a year ago, to call your attention to “life settlements.” That’s a new and, to my mind, a potentially unsavory business now referred to as “Stranger Owned Life Insurance” (SOLI), wherein you sell your life-insurance Read More
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August 3rd, 2008
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Term insurance covers loansEconomic Times, India - 13 hours agoAterm life insurance policy is a pure life insurance policy. There are no investment benefits attached to this policy . This is the cheapest form of …
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August 3rd, 2008
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Life Insurance - Make informed decisionsMangalorean.com, India - 13 hours agoMany people have conventionally bought life insurance plans mainly for investments, tax benefits and the life cover they offer. No one bothered much about …
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