Results for "life insurance"
Displaying 191 results
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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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