Results for "life insurance"

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Cuomo probing insurers ‘secret profits' from grieving families

July 29, 2010

New York Attorney General Andrew Cuomo began a fraud probe into the life insurance industry and subpoenaed MetLife Inc. and Prudential Financial Inc. for information about profits on death benefits retained from the families of deceased policyholders...

Allianz chief wants bigger piece of indexed-life market

June 15, 2010

Allianz Life Insurance Company of North America, already a major player in the indexed-annuity arena, is looking to grab a bigger share of the indexed-life-insurance market. “We're currently looking specifically at indexed life,” president...

What to expect from revived life insurers: UBS analyst

June 11, 2010

Life carriers’ outlook appears to be taking a turn for the better, according to a prominent equities analyst. “The [insurance] industry did a sound job of strengthening its capital,” said UBS equities analyst Andrew Kligerman at Standard...

Life insurance sales boom in first quarter

April 25, 2010

Shaken by the recession and concerned about risk, brokerage firm clients are buying life insurance. First-quarter sales of life insurance policies at major independent broker-dealers were up by at least a third, compared with a year earlier,...

Sholam Weiss appeals 845-year sentence for life insurance plot

March 24, 2010

Bernie Madoff is serving 150 years in prison for a multibillion-dollar fraud. Norman Schmidt got 330 years for his role in a huge investment scam. And then there's white-collar criminal Sholam Weiss, who isn't due for release until November...

U.S. life insurers have plenty of liquidity

March 11, 2010

Though life insurance companies took a beating in 2008, resulting in lowered risk-based-capital ratios, Moody's Investors Service says most companies had enough liquidity following the crisis to withstand severe stress. The ratings agency performed...

Blood tests and Facebook: Life insurers reveal their to-do list for 2010

March 10, 2010

Emerging from the economic downturn, life insurance carriers look to step up their profitability by improving their underwriting processes and embedding social networking into their business models. Or at least, that’s the takeaway from a...

More than 20% of life policies sales in '08 were by direct marketing

March 8, 2010

More than a fifth of all individual life insurance policies sold in the United States in 2008 were sold via the Internet, direct mail and telephone, according to new data from LIMRA and the Life Insurance Direct Marketing Association. Researchers...

Little life in individual-life-insurance sales in 2009

February 26, 2010

New annualized premiums for individual-life-insurance policies were down in the fourth quarter and for the full year of 2009, with the most dramatic declines hitting variable universal life, according to LIMRA. Total new annualized premiums...

AIG throws in a clunker, reports surprise $8.8B loss in 4Q

February 26, 2010

AIG said Friday it lost $8.87 billion in the fourth quarter as its general insurance business remained weak and the company ran up expenses from paying back government loans. The troubled insurer also said in an annual regulatory filing that...

Pimco parent Allianz back in the black

February 25, 2010

German insurer Allianz SE made €1.1 billion ($1.5 billion) in the fourth quarter, bouncing back from a loss of more than €3 billion a year ago thanks in part to improvements in capital markets. Revenue was 11% higher to €26 billion from...

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