Insurance News
Life Insurance Donation Scam?
I have read this article about five times and still have a hard time figuring out what was going on here. Some sort of Life Insurance gifting donation program and it looks like the poor folks might have got taken, you decide…
UNI ends insurance-for-donation program — chicagotribune.com
CEDAR FALLS, Iowa - [...]
Are Life Insurance Carriers Safe Anymore?
Life Insurance Companies have truly been a very stable and safe sector of the Financial Sector due to reservering mandates from the State Department of Insurance. This is a very telling article speaking of the major severity of this financial mess upon the safe staple of the Wall Street…
Conservative Insurance Companies a Thing of the [...]
John Hancock Life Insurance rolls out new Universal Life Product
John Hancock Life Insurance continues to be one of the premier life carriers in the industry today. They are continually improving upon their permanent product portfolio to be even more competitive in the marketplace. We continually to applaud John Hancock with their contribution to our industry and with in our opinion some of the best [...]
Could Life Insurance Carriers be the next Industry in Trouble?
Are Life Insurance Companies Next To Fall?
There has been some talk about the Life Insurance carriers the next financial sector to see some trouble due to the economic downturn. This is a very informative article on the topic which describes what could possibly happen…
As we watch banks fail and beg for government aid, problems in [...]
Loosening the Reserving Requirements for Life Insurance Companies
US insurance regulators recommend capital changes
US insurance regulators recommend capital changes | Deals | Regulatory News | Reuters
Due to the Financial Market collapse and the current credit crunch, if Life Insurers do not get financial capital requirements loosened it could make the carriers look weaker then they really are. In a previous post I mentioned [...]
Life Insurance Companies Lobbying for Lower Reservering Requirements
Life Insurers Seek Lower Cash Cushions - washingtonpost.com
The current economic collapse is knocking on the door of the life insurance industry. The powerful industry group ACLI “American Council of Life Insurers” is pushing regulators to let them operate without having to reserve so much to basically make sure claims are covered.
Two thoughts here, First [...]
Large Life Insurance Carriers Looking for TARP
Bloomberg.com: Worldwide
Continuing the story on how large life insurers are trying to get their hands on some of the TARP funds. Hartford is leading the push to get thrift charter so they will be able to receive funds from the Government. This article is very interesting and mentions a few of the largest life insurance [...]
Life Insurance Carriers receiving TARP Bailout Funds
Hartford Financial, Lincoln National Receive Thrift Charters
Hartford and Lincoln have now received thrift charters which makes them eligible for the bailout TARP funds. Life Insurance carriers have typically been very conservative on their investment philosophies. But due to guarantees on Annuity and Life Insurance contracts they may have over extended themselves. AXA and Pacific Life [...]
Latest Insurance News from around the Nation
Whats going on in the world of Insurance…
Just a few quick updates on what’s happening in the Insurance blogosphere, hope you enjoy!
Woman convicted for killing kids over insurance money - Only …
Latest Life Insurance News - A woman who was said to have killed her three children in order to. … Life Insurance News, Latest [...]