Latest Life Insurance Settlements News Update June 30, 2007 at 08:05 PM

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Singapore to enhance governance, disclosure of life insurance (People's Daily)


Singapore to enhance governance, disclosure of life insurance (People's Daily)
Singapore's central bank Friday issued a notice to enhance the governance and disclosure of participating life insurance business.

Foresters Partners With ADS to Develop Industry-Leading Life Insurance Products (PrimeNewswire via Yahoo! Finance)
TORONTO, June 28, 2007 -- Foresters, a leading fraternal benefit society, and Actuarial Development Services have entered into a product development partnership to serve the needs of its U.S. members and prospective members in the middle market with innovative life insurance products.

MAS to improve governance of par life insurance business (Channel NewsAsia)
SINGAPORE : The Monetary Authority of Singapore (MAS) plans to introduce measures to enhance the governance and disclosure of participating or par life insurance business.

Cash older, wiser, happier (Daily Telegraph) TWENTY years after he


Cash older, wiser, happier (Daily Telegraph)
TWENTY years after he became the pride of Australia with his Wimbledon championship, Pat Cash is still a lovable larrikin - but a wiser one.

The rise and rise of Hamas (Asia Times)
In light of Hamas' seizure of the Gaza Strip, it is worthwhile to understand how this radical Islamist organization came to play such a major role in Palestinian political life and how Israel and the United States contributed to making that possible.

"Gypsy Tears", by Czech-Austrian director, examines life in Slovak Romany settlement (Radio Prague)
Czech-born Zuzana Brejcha is an Austrian filmmaker whose latest project "Gypsy Tears" was screened at a Prague art cinema this week. The two-hour+ documentary was Brejcha's first outing as a director - after 25 years in editing - and she admits her project had a far greater impact on her life than she ever expected. Gypsy Tears is a complex portrait of several Romany families living in an ...

Foresters Partners With ADS to Develop Industry-Leading Life Insurance Products


Foresters Partners With ADS to Develop Industry-Leading Life Insurance Products (PrimeNewswire via Yahoo! Finance)
TORONTO, June 28, 2007 -- Foresters, a leading fraternal benefit society, and Actuarial Development Services have entered into a product development partnership to serve the needs of its U.S. members and prospective members in the middle market with innovative life insurance products.

Singapore to enhance governance, disclosure of life insurance (People's Daily)
Singapore's central bank Friday issued a notice to enhance the governance and disclosure of participating life insurance business.

Andhra Bank, BoB in life insurance JV (The Economic Times)
Government-owned Andhra Bank has joined hands with Bank of Baroda to enter the life insurance sector with Legal & General as its foreign partner.

Standard Life to up stake in insurance JV (The Telegraph)


Standard Life to up stake in insurance JV (The Telegraph)
Mumbai, June 27 : The UK-based Standard Life is set to raise its stake in HDFC Standard Life Insurance Company.

Foresters Partners With ADS to Develop Industry-Leading Life Insurance Products (PrimeNewswire via Yahoo! Finance)
TORONTO, June 28, 2007 -- Foresters, a leading fraternal benefit society, and Actuarial Development Services have entered into a product development partnership to serve the needs of its U.S. members and prospective members in the middle market with innovative life insurance products.

Scottish Re Announces Sale of Middle East Life Portfolio to Arab Insurance Group (MENAFN)
Scottish Re Announces Sale of Middle East Life Portfolio to Arab Insurance Group

A.M. Best Affirms the Ratings of Life Insurance Corporation (International) B.S.C. (C) (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of B+ and the issuer credit rating of "bbb-" of Life Insurance Corporation B.S.C. . The outlook for both ratings remains stable.

4 Years of Historical Data and Five-Year Forecasts on the


4 Years of Historical Data and Five-Year Forecasts on the Non-Life Insurance Market in Brazil (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of "Snapshots Brazil Non-Life Insurance 2007" to their offering.

Farmers Insurance Life Policies Now eSigned with Interlink Electronics Solution (PRWeb via Yahoo! News)
Agents capture customer esignatures on life insurance policies for a true end-to-end electronic process.

Cold claims one life in Joburg (News 24 South Africa)


Cold claims one life in Joburg (News 24 South Africa)
Johannesburg's first real snowfall in more than 20 years and the freezing temperatures that accompanied it have claimed at least one life.

Israel urged to leave checkpoints (BBC News)
Israeli peace groups call for internal West Bank checkpoints and unmanned roadblocks to be dismantled.

Sindh, Balochistan brace for Cyclone Yemyn, 2,000 evacuated (ANI via Yahoo! India News)
Karachi, June 26 (ANI): Days after torrential showers caused widespread devastation and loss of life in Sindh, authorities in the province and in the adjoining province of Balochistan have ordered the evacuation of inhabitants in fishing settlements and villages along coastal areas after the Met Office warned that Cyclone Yemyn was due to hit the country's coastline on Tuesday. More ...

A.M. Best Affirms Ratings of Hartford's Life Insurance Affiliates; Upgrades


A.M. Best Affirms Ratings of Hartford's Life Insurance Affiliates; Upgrades Ratings of Hartford Life, Inc. (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of "aa-" of the key life/health insurance subsidiaries of Hartford Life, Inc. . A.M.

Ted Mathas Elected President of New York Life Insurance Company (Business Wire via Yahoo! Finance)
NEW YORK----New York Life Insurance Company announced today that its Board of Directors has elected Theodore A. Mathas as president of New York Life, effective July 1, 2007. Mr. Mathas, 40, continues as chief operating officer.

Allianz China Life and Mondial Assistance launch travel insurance for Chinese travelers (Insurance Business Review)
Two Allianz Group subsidiaries, Allianz China Life and Mondial Assistance, have teamed up to launch a travel insurance product, Carefree Overseas Travel Insurance, for Chinese tourists.

(AFX UK Focus) 2007-06-26 07:10 GMT: Axa mulling sale of UK life insurance portfolio - report (Interactive Investor)
PARIS (Thomson Financial) - French insurer Axa is considering selling its UK closed life insurance portfolio, comprising assets of 4.45 mln eur, French daily Les Echos reported citing comments from a company spokesman.

Life insurance Without an Exam Not a Good Idea (Southwest


Life insurance Without an Exam Not a Good Idea (Southwest Daily News)
(ARA) - Are you one of those people who always gets nervous at test time? If so, you may be intrigued by the prospect of buying a life insurance policy that doesn't require a physical exam, but you could be making a huge financial mistake.

A.M. Best Affirms Ratings of Hartford's Life Insurance Affiliates; Upgrades Ratings of Hartford Life, Inc. (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A+ and issuer credit ratings of "aa-" of the key life/health insurance subsidiaries of Hartford Life, Inc. . A.M.

Life insurance industry a major employer (The Times of India)
Since the time the sector opened up in 2000, there are 16 players in the business now including the state owned Life Insurance Corporation.

FSA review set to shake up life insurance sales (Reuters.co.uk)
LONDON (Reuters) - The Financial Services Authority is set this week to propose a shake-up in the way people buy life insurance and investments, with a long-awaited review that will call for changes in commissions and better advice for customers.

Florida Atlantic University explores using life insurance to raise money


Florida Atlantic University explores using life insurance to raise money (Sun-Sentinel)
Boca philanthropist offers to help college raise $100 million Boca Raton philanthropist Barry Kaye wants to help Florida Atlantic University raise $100 million through a life insurance idea that is being met with both excitement and skepticism.

Rainstorm kills 50 in Karachi (ANI via Yahoo! India News)
Karachi, June 24 (ANI): Nearly fifty people were killed and more than 500 others injured following a windstorm and the first monsoon shower in Karachi. The massive windstorm followed by rain hit the city with serious damage to human life, building structures, squatter settlements, billboards, electricity transmission installations, transport, and communication systems. Most of the deaths ...

Buying Life Insurance Online (Evening Times) (ARA) - Unless you're


Buying Life Insurance Online (Evening Times)
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.

Vienna Insurance Group merges Bulgarian units (Business Insurance)
VIENNA, Austria Wiener St dtische Versicherung A.G. (Vienna Insurance Group) will merge its Bulgarian operations into one brand in the future called Bulstrad Life and Bulstrad Non-Life, the company announced last week.

Florida Atlantic University explores using life insurance to raise money (Sun-Sentinel)
Boca philanthropist offers to help college raise $100 million Boca Raton philanthropist Barry Kaye wants to help Florida Atlantic University raise $100 million through a life insurance idea that is being met with both excitement and skepticism.

Allianz faces class action over marketing of US pension insurance products (Sharewatch)
FRANKFURT (Thomson Financial) - Allianz SE is facing class action in the US regarding its marketing of life insurance policies, Frankfurter Allgemeine Zeitung reported citing the lawyers of two women who filed suit against the German insurer.

Just before Kentucky Central Life Insurance Co. collapsed, it had


Just before Kentucky Central Life Insurance Co. collapsed, it had built... (Lexington Herald-Leader)
Kentucky Central by the numbers Just before Kentucky Central Life Insurance Co. collapsed, it had built itself into a conglomerate including TV and radio stations, citrus groves and hotels, in addition to the nearly $50 billion worth of life insurance policies it had sold. It's little wonder, then, that its dismantling would spawn a host of costly lawsuits. 756 Employed by ...

Life insurance cos aim at health segment (IBN via Yahoo! India News)
Health insurance is a young sector which is predominately dominated by the public sector general insurance companies.

Chinese regulator approves Sun Life insurance JV (Insurance Business Review)
Sun Life Financial and China Everbright Groups Chinese joint venture life insurance company, Sun Life Everbright Life Insurance, has received preparatory approval from the China Insurance Regulatory Commission to commence operations in Shanghai.

Florida Atlantic University explores using life insurance to raise money (Sun-Sentinel)
Boca philanthropist offers to help college raise $100 million Boca Raton philanthropist Barry Kaye wants to help Florida Atlantic University raise $100 million through a life insurance idea that is being met with both excitement and skepticism.

A tribal community that shuns modern life (Hindustan Times) A


A tribal community that shuns modern life (Hindustan Times)
A tribal community that lives in caves and on hilltops far away from human settlements is refusing to accept a modern way of life despite the state government's best efforts.

The Rushdie factor (Trinidad Express)
One does not have to be a professional historian to follow the several great movements in history that have resulted in the diversity of human settlements and civilisations over the past few millennia.

Cuba And Its Defence Of All Human Rights (Scoop.co.nz)
Outline of 200 years of aggression and hostility by the United States towards the Cuban nation.

Hamas fights crime clans for total control of Gaza (Times Online)
THE attack came with a barrage of mortars and a rattle of machineguns. In the narrow alleys of Khan Younis in the south of the Gaza Strip, black-uniformed Hamas fighters laying siege to the compound of the Al-Astel family, one of Gaza s infamous ruling clans, edged forward.

Buying Life Insurance Online (Evening Times) (ARA) - Unless you're


Buying Life Insurance Online (Evening Times)
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.

Life insurance cos aim at health segment (IBN via Yahoo! India News)
Health insurance is a young sector which is predominately dominated by the public sector general insurance companies.

Pension is big biz for life insurers (The Times of India)
MUMBAI: Pension is a big business. Consider this: In 1999-2000, when Life Insurance Corporation of India (LIC) had a monopoly in the industry, it had collected premiums for pension plans to the tune of Rs 825 crore.

Susman Godfrey Obtains Unanimous Jury Verdict for William Penn Life Insurance Co. of New York in $108M Class Action ... (PR Newswire via Yahoo! Finance)
On Wednesday, June 20, 2007, Susman Godfrey LLP obtained a unanimous jury verdict for its client William Penn in Beller, et. al v. William Penn Life Insurance Co. of New York.

FSA review set to shake up life insurance sales (Tiscali)


FSA review set to shake up life insurance sales (Tiscali)
The regulator has expressed concern at how the life, pensions and retail investment market works and launched the review last year in a bid to find ways to improve the business.

Examine the Political, Economic, Social and Technological Issues Impacting the Canadian Life Insurance Industry (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of Canada's Life Insurance Industry - PEST Framework Analysis to their offering.

Bears starve as poachers pillage Russia's wealth of salmon (Guardian


Bears starve as poachers pillage Russia's wealth of salmon (Guardian Unlimited)
Russian peninsula faces ecological disaster as fish stocks are obliterated by poachers.

Statement: Life Insurance Finance Association Will Oppose State Adoption of Revised NAIC Viatical Settlement Model (Business Wire via Yahoo! Finance)
ATLANTA----The National Association of Insurance Commissioners has adopted amendments to its Viatical Settlements Model Act. "This action was taken despite the fact that the model was poorly drafted, did not meet the stated objectives of the regulators and was expedited without having fully considering the issues raised by all industry sectors," according to Scott J.

Life Settlement Awareness Month(TM) Panel to Feature Experienced Professionals (Business Wire via Yahoo! Finance)
SAN DIEGO----As agents and brokers continue in their quest for the latest information regarding life settlements during Life Settlement Awareness Month, Life Settlement Solutions, Inc. - the creator and event host - is offering a webcast featuring industry leaders.

U.S. Photojournalist Documents Roma Life in the Slovak Republic (U.S. Department of State)
Life in a Slovak Roma community can be a stark contrast to the world in which the Roma s neighbors live, separated not only by poverty, culture and prejudice, but also by the lack of basic services such as water supply and trash collection. With a grant from the State Department s Fulbright Program, photojournalist Julie Denesha sought to document life in the Slovak Republic s osadas, or Roma ...

Banc of America Insurance Services, Inc., offers Simplified Issue Term


Banc of America Insurance Services, Inc., offers Simplified Issue Term Life Insurance to Customers via BankofAmerica.com (PR Newswire via Yahoo! Finance)
Leveraging the simplicity and power of the nation's most popular banking website, Bank of America today unveiled a new simplified issue term life insurance program, offered by its affiliate Banc of America Insurance Services, Inc., that enables customers to apply and be approved instantly for up to $150,000 in term life insurance through bankofamerica.com.

Universal Life Remains the Dominant Individual Life Insurance Product in Canada (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of Canada's Life Insurance Industry -- Porter's Five Forces Strategy Analysis to their offering.

Aegon Religare Life Insurance names Rajiv Jamkhedkar as its new


Aegon Religare Life Insurance names Rajiv Jamkhedkar as its new CEO (The Times of India)
Aegon Religare Life Insurance Company has appointed Rajiv Jamkhedkar as its Chief Executive Officer.

A.M. Best Downgrades and Assigns Ratings to Unified Life Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to B++ from A- and assigned an issuer credit rating of "bbb+" to Unified Life Insurance Company . The outlook for both ratings is stable.

A.M. Best Affirms Ratings of Universal Underwriters Life Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and the issuer credit rating of "a-" of Universal Underwriters Life Insurance Company . The outlook for both ratings is stable.

Sun Life Financial to Expand in Smaller China Cities (Update1) (Bloomberg.com)
June 20 (Bloomberg) -- Sun Life Financial Inc., Canada's third-biggest insurer, said it plans to target expansion in Chinese cities such as Nanjing where it says demand for insurance will grow faster than in the country's biggest cities, Asia President Stephan Rajotte said.

Olmert and Bush to Discuss Ways to Strengthen Abbas (New


Olmert and Bush to Discuss Ways to Strengthen Abbas (New York Times)
The Fatah-led emergency government in the West Bank is expected to be a central subject of discussion between the Israeli prime minister and President Bush today.

Life Partners 1Q Earnings Increase (AP via Yahoo! Finance)
Financial services company Life Partners Holdings Inc. said Wednesday its first-quarter earnings increased, as sales nearly doubled on higher interest in so-called life settlements.

Peachtree Secures $45 Million Facility for Life Insurance Premium Finance (Business Wire via Yahoo! Finance)
BOYNTON BEACH, Fla.----Peach Holdings, Inc. announces the closing on the first tranche of a $45 Million credit facility for use in its growing life insurance premium finance business.

Aegon Religare Life Insurance names Rajiv Jamkhedkar as its new


Aegon Religare Life Insurance names Rajiv Jamkhedkar as its new CEO (The Times of India)
Aegon Religare Life Insurance Company has appointed Rajiv Jamkhedkar as its Chief Executive Officer.

Buying Life Insurance Online (Benton Evening News)
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.

Canadian Life and Health Insurance Association Elects 2007-08 Chairman and


Canadian Life and Health Insurance Association Elects 2007-08 Chairman and Board of Directors (CNW Group via Yahoo! Finance)
At the Annual General Meeting of the Canadian Life and Health Insurance Association, Inc. held in Toronto today, Peter C. McCarthy, President and Chief Executive Officer, AIG Life Insurance Company of Canada, was elected Chairman of the Association for the year ahead.

ACE Approved to Begin Life Insurance Operation in the UAE (Business Wire via Yahoo! Finance)
NEW YORK----ACE International Life announced today that it has formally opened an office in the United Arab Emirates, after receiving a license to conduct life insurance business from the Ministry of Economy on March 29 of this year.

Buying Life Insurance Online (Benton Evening News)
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.

Life insurance firms expect to meet requirement (INQ7 Business)
THE LIFE INSURANCE INDUSTRY is confident that it will meet this year the risk-based capitalization requirement recently imposed by regulators.

Postal dept to float new co for life insurance products


Postal dept to float new co for life insurance products (rediff.com)
The department of post is in the process of floating a separate company to bring its Postal Life Insurance and Rural Postal Life Insurance products under the ambit of the Insurance Regulatory and Development Authority, an official said on Saturday.

ACE Approved to Begin Life Insurance Operation in the UAE (Business Wire via Yahoo! Finance)
NEW YORK----ACE International Life announced today that it has formally opened an office in the United Arab Emirates, after receiving a license to conduct life insurance business from the Ministry of Economy on March 29 of this year.

ACE approved to begin life insurance operation in the UAE (AME Info)
ACE International Life announced that it has formally opened an office in the United Arab Emirates, after receiving a license to conduct life insurance business from the Ministry of Economy on March 29 of this year.

By loom and book (The Star Online) From more than


By loom and book (The Star Online)
From more than a century, their ancestral land and way of life have been slowly encroached upon and eroded away by development. But the Mah Meri of Carey Island have tenaciously hung on to much of their unique culture and crafts. Their latest effort is a book they have written themselves.

The kidnappers holding the BBC correspondent Alan Johnston yesterday said they will set him free within 24 hours, ... (The Herald)
Cancer sufferer Jane Tomlinson was among the inspirational people recognised in the Queen's Birthday Honours today. Headteachers yesterday warned of a crisis of leadership in Scotland s schools after new figures obtained by The Herald revealed that primaries and secondaries are facing a shortfall.

Birla Sun Life Insurance tragets 100 per cent growth this


Birla Sun Life Insurance tragets 100 per cent growth this fiscal. (Deepika)
Patna, Jun 16 (UNI) Birla Sun Life Insurance Company Limited, India's leading private life insurer, has targetted 100 per cent growth in business during the current financial year by doubling its annualised premium income to Rs 2,000 crores by March 2008.

Running the life insurance risk (Stuff)
Life insurance policy premium anomalies mean you should look carefully at when you sign the bottom line.

A.M. Best Affirms Ratings of The Empire Life Insurance Company


A.M. Best Affirms Ratings of The Empire Life Insurance Company (CNW Group via Yahoo! Finance)
A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of "a" of The Empire Life Insurance Company . The outlook for both ratings is stable.

College Grads May Lose Health Insurance (PRWeb)
Many of this spring's college graduates will discover life without health insurance when they learn they are no longer covered by their parents' health insurance plan post-graduation. (PRWeb Jun 16, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/SG9yci1TcXVhLVNxdWEtQ291cC1UaGlyLVplcm8=

Postal dept to float new co for life insurance products (rediff.com)
The department of post is in the process of floating a separate company to bring its Postal Life Insurance and Rural Postal Life Insurance products under the ambit of the Insurance Regulatory and Development Authority, an official said on Saturday.

At any 'Price' (The News-Press) Shop owner Robert Mercado dreamed


At any 'Price' (The News-Press)
Shop owner Robert Mercado dreamed of hearing those three little words that had thus far eluded him in life.

Life Settlement Solutions, Inc. Continues Summer Sales Campaign (Business Wire via Yahoo! Finance)
SAN DIEGO----Though many insurance agents want to use life settlements as a means of meeting the financial-planning needs of senior clients, they are often challenged in finding ways to source life settlement business and do not know how to develop an effective practice.

Lloyds TSB kick-starts 1bn Abbey Life sale (Times Online) Lloyds


Lloyds TSB kick-starts 1bn Abbey Life sale (Times Online)
Lloyds TSB has kickstarted the sale of its 1 billion closed life insurance funds Abbey Life, handing Lehman Brothers and Morgan Stanley the mandate to go out and find buyers.

Lloyds TSB seen selling Abbey life unit (Reuters via Yahoo! UK & Ireland Finance)
Lloyds TSB Group is seeking to sell its Abbey life insurance unit through an auction, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Nippon Life to hike guaranteed yields on lump-sump insurance policies (Japan Today)
TOKYO Nippon Life Insurance Co said Thursday it will hike guaranteed yields on single-premium insurance policies by 0.05-0.1 percentage point on July 1 which will result in a discount of around 1 percent in premiums.

Market sees imminent consolidation in life insurance segment - Argentina (Business News Americas)
The life insurance business in Argentina is bound to see a wave of M&A activity unfold once a final supreme court decision on the 2002 pesofication is made, local executives and market observers told BNamericas.

Credit Agricole to establish Japanese life insurance unit (Insurance Business


Credit Agricole to establish Japanese life insurance unit (Insurance Business Review)
Japans Financial Services Agency has given the thumbs up for French financial services group Credit Agricole to establish a life insurance business in the country.

Life insurance industry grows 49% in April (Business Standard India)
The life insurance industry clocked 49 per cent growth in new businesses, while general insurance players saw 16 per cent increase in April, the first month of the current financial year.

Aquila raises gas rates (Dodge Globe) A 3.6 percent increase


Aquila raises gas rates (Dodge Globe)
A 3.6 percent increase in Aquila's natural gas rates will make life more difficult for consumers on fixed incomes, the executive director of the Southwest Kansas Area on Aging said Monday.

Life Settlement Solutions, Inc. Continues Summer Sales Campaign (Business Wire via Yahoo! Finance)
SAN DIEGO----Though many insurance agents want to use life settlements as a means of meeting the financial-planning needs of senior clients, they are often challenged in finding ways to source life settlement business and do not know how to develop an effective practice.

RiverSource(R) Insurance Announces Portfolio Navigator for Variable Universal Life IV


RiverSource(R) Insurance Announces Portfolio Navigator for Variable Universal Life IV and Variable Universal Life ... (Business Wire via Yahoo! Finance)
MINNEAPOLIS----RiverSource Life Insurance Company, a subsidiary of Ameriprise Financial, Inc. and No. 1 seller of variable universal life insurance, announced the availability of Portfolio Navigator, a powerful asset allocation program designed to help policyholders effectively manage the cash value in their policies, for its Variable Universal Life IV and Variable Universal Life IV-Estate ...

(AFX UK Focus) 2007-06-12 03:11 GMT: Taiwan's First Financial obtains govt approval for life insurance JV with Aviva (Interactive Investor)
TAIPEI (XFN-ASIA) - First Financial Holding Co Ltd (2892.TW) said its proposal to establish a life insurance joint venture with the UK's Aviva PLC has secured regulatory approval.

Grab Life by the Handle (SYS-CON Media)
When disaster strikes, time is of the essence. Events happen in the blink of an eye. Your family's safety is of your immediate concern, but there are also belongings that are crucial to your life. Your insurance documents, medical and financial information and family records are vital in rebuilding your life or dealing with the aftermath. You can't control a disaster, but you can plan and be ...

(AFX UK Focus) 2007-06-12 03:11 GMT: Taiwan's First Financial obtains


(AFX UK Focus) 2007-06-12 03:11 GMT: Taiwan's First Financial obtains govt approval for life insurance JV with Aviva (Interactive Investor)
TAIPEI (XFN-ASIA) - First Financial Holding Co Ltd (2892.TW) said its proposal to establish a life insurance joint venture with the UK's Aviva PLC has secured regulatory approval.

Life insurance Without an Exam Not a Good Idea (Stuttgart Daily Leader)
(ARA) - Are you one of those people who always gets nervous at test time? If so, you may be intrigued by the prospect of buying a life insurance policy that doesn't require a physical exam, but you could be making a huge financial mistake.

AXA Equitable's Expanding Life Wholesale Operation Moves to New Office (PR Newswire via Yahoo! Finance)
AXA Equitable Life Insurance Company today announced that it has opened a new office in Farmington, CT to serve as headquarters for its wholesale life insurance distribution channel.

RiverSource(R) Insurance Announces Portfolio Navigator for Variable Universal Life IV and Variable Universal Life ... (Business Wire via Yahoo! Finance)
MINNEAPOLIS----RiverSource Life Insurance Company, a subsidiary of Ameriprise Financial, Inc. and No. 1 seller of variable universal life insurance, announced the availability of Portfolio Navigator, a powerful asset allocation program designed to help policyholders effectively manage the cash value in their policies, for its Variable Universal Life IV and Variable Universal Life IV-Estate ...

Life Settlement Solutions, Inc. Continues Summer Sales Campaign (Business Wire


Life Settlement Solutions, Inc. Continues Summer Sales Campaign (Business Wire via Yahoo! Finance)
SAN DIEGO----Though many insurance agents want to use life settlements as a means of meeting the financial-planning needs of senior clients, they are often challenged in finding ways to source life settlement business and do not know how to develop an effective practice.

Ancient Rome comes back to life in virtual model (San Diego Union-Tribune)
Yahoo on free speech in China Associated Press Gao Qinsheng, mother of jailed Chinese journalist Shi Tao, wails during a news conference in Hong Kong. Shi Tao, a jailed Chinese reporter accused of leaking state secrets has joined a U.S. lawsuit claiming Yahoo Inc. helped the Chinese government convict dissidents.

Life-Exchange and European Member Firm, Advanced Life Settlements Management Prevent Industry Abuse (Business Wire via Yahoo! Finance)
MIAMI----Life-Exchange, Inc., the nation's leading trading platform for the life settlement industry, announced today that their system has been successful in preventing the first attempted abuse of the electronic life settlement market.

C.Agricole enters Japanese life insurance market (Reuters via Yahoo! Asia


C.Agricole enters Japanese life insurance market (Reuters via Yahoo! Asia News)
PARIS, June 11 (Reuters) - Credit Agricole , France's biggest retail bank, said on Monday it had won approval to enter the Japanese life insurance market as it continues a strategy to expand overseas.

Japan FSA grants life insurance license to Credit Agricole unit - report (Sharewatch)
TOKYO (XFN-ASIA) - The Financial Services Agency said it has granted a license to the local life insurance arm of France's Credit Agricole SA, enabling it to sell such policies in Japan, the Nihon Keizai Shimbun reported.

Canada Life buys stake in Crown Life (The Globe and Mail)
TORONTO Extendicare Real Estate Investment Trust has agreed to sell its 35 per cent stake in Crown Life Insurance Co. to Great-West Lifeco Inc. subsidiary Canada Life Assurance Co. for $85-million. Extendicare said Monday it will receive $66-million in cash and the balance in securities.

ING wins license for life insurance activities in Russia (Sharewatch)


ING wins license for life insurance activities in Russia (Sharewatch)
AMSTERDAM (Thomson Financial) - Bancassurer ING Group NV has received a license to commence life insurance activities in Russia, the company said in a statement.

Taiwan's Taishin, Aegon ink pact for life insurance JV, Chang Hwa Bank stake (Sharewatch)
TAIPEI (XFN-ASIA) - Taishin Financial Holding Co Ltd (2887.TW) said it and Aegon NV have signed a memorandum of understanding to set up a 51-49 life insurance joint venture in Taiwan.

To boycott or not - the new Israeli question (Guardian


To boycott or not - the new Israeli question (Guardian Unlimited)
Pressure for sanctions on Israeli goods is widening as unions, academics and journalists are locked in furious debate.

Wyo. photographer critical after attack in S. Africa (USA Today)
An international adventure photographer is fighting for his life after his vehicle was hit by a rock in Cape Town, local newspapers reported. Bobby Model, who was from Cody, Wyoming, was visiting Cape Town from Kenya where he is based, was in a critical condition on life support in hospital.

Archaeologists Reconstruct Life In The Bronze Age At Site Of Southern Spain (Science Daily)
Researchers from the University of Granada, Spain, excavated for the first time -- in a scientific and systematic way -- a site of these characteristics, where they found the first water well of the Iberian Peninsula. In the 20th century, motillas were erroneously considered to be burial mounds, a theory which was refuted by the experts from the UGR, who proved that it was a fortification ...

Life-Exchange and European Member Firm, Advanced Life Settlements Management Prevent Industry Abuse (Business Wire via Yahoo! Finance)
MIAMI----Life-Exchange, Inc., the nation's leading trading platform for the life settlement industry, announced today that their system has been successful in preventing the first attempted abuse of the electronic life settlement market.

Taiwan's Taishin, Aegon ink pact for life insurance JV, Chang


Taiwan's Taishin, Aegon ink pact for life insurance JV, Chang Hwa Bank stake (Sharewatch)
TAIPEI (XFN-ASIA) - Taishin Financial Holding Co Ltd (2887.TW) said it and Aegon NV have signed a memorandum of understanding to set up a 51-49 life insurance joint venture in Taiwan.

Life insurance Without an Exam Not a Good Idea (Stuttgart Daily Leader)
(ARA) - Are you one of those people who always gets nervous at test time? If so, you may be intrigued by the prospect of buying a life insurance policy that doesn't require a physical exam, but you could be making a huge financial mistake.

ING wins license for life insurance activities in Russia (Sharewatch)
AMSTERDAM (Thomson Financial) - Bancassurer ING Group NV has received a license to commence life insurance activities in Russia, the company said in a statement.

ING obtains Russian life insurance license (Insurance Business Review)
Dutch financial services provider ING Group has received a license from the Russian regulatory authorities, which will allow the group to commence life insurance activities in the country.

A.M. Best Affirms Ratings of American United Life Insurance Company


A.M. Best Affirms Ratings of American United Life Insurance Company and Its Affiliates (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A and issuer credit ratings of "a+" of American United Life Insurance Company and its affiliates, State Life Insurance Company and Pioneer Mutual Life Insurance Company , comprising the OneAmerica Group .

Investigation Launched Into Life Insurance Policy For Slain Child (KIRO 7 Seattle-Tacoma)
The state Insurance Commissioner's Office has opened a preliminary investigation into the sale of a life insurance policy that prosecutors said was the motive behind the killing of a 3-year-old girl.

Investigation Launched Into Life Insurance Policy For Slain Child (KIRO


Investigation Launched Into Life Insurance Policy For Slain Child (KIRO 7 Seattle-Tacoma)
The state Insurance Commissioner's Office has opened a preliminary investigation into the sale of a life insurance policy that prosecutors said was the motive behind the killing of a 3-year-old girl.

Prudential to take 39% in Saudi life insurance venture (New Ratings)
LONDON, June 6 (newratings.com) Prudential Plc ( PRU.ETR ) Wednesday announced that it will acquire a 39% stake in a Saudi Arabian life insurance venture.

Life-Exchange and European Member Firm, Advanced Life Settlements Management Prevent


Life-Exchange and European Member Firm, Advanced Life Settlements Management Prevent Industry Abuse (Business Wire via Yahoo! Finance)
MIAMI----Life-Exchange, Inc., the nation's leading trading platform for the life settlement industry, announced today that their system has been successful in preventing the first attempted abuse of the electronic life settlement market.

Six Day War: Land Ownership Disputes Arise (NPR)
The end of the 1967 war and the beginning of the Israeli occupation of the West Bank and Gaza Strip brought dramatic changes to the lives of both Palestinians and Israelis. In the West Bank, Israel confiscated large chunks of agricultural land where settlements were eventually built.

Spanish archaeologists reconstruct Bronze Age life in La Mancha (ANI via Yahoo! India News)
Washington, June 6 (ANI): Archaeologists from the Group of Recent Prehistoric Studies (GEPRAN) of the Universidad de Granada, Spain, have reconstructed for the first time, in a scientific and systematic way, life in the Bronze Age in the site of La Motilla del Azuer, La Mancha (Spain).

Buying Life Insurance Online (Kewanee Star Courier) (ARA) - Unless


Buying Life Insurance Online (Kewanee Star Courier)
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.

Prudential to take 39% in Saudi life insurance venture (New Ratings)
LONDON, June 6 (newratings.com) Prudential Plc ( PRU.ETR ) Wednesday announced that it will acquire a 39% stake in a Saudi Arabian life insurance venture.

Beijing's Q1 life insurance premiums down 12.6% (China Daily)
Beijing's life insurance premiums saw a 12.6 percent decrease to 7.41 billion yuan (US$968.63 million) in the first quarter this year, according to statistics from the Beijing Bureau of the China Insurance Regulatory Commission (CIRC).

Beijing's Q1 life insurance premiums down 12.6% (China Daily) Beijing's


Beijing's Q1 life insurance premiums down 12.6% (China Daily)
Beijing's life insurance premiums saw a 12.6 percent decrease to 7.41 billion yuan (US$968.63 million) in the first quarter this year, according to statistics from the Beijing Bureau of the China Insurance Regulatory Commission (CIRC).

Life insurance Without an Exam Not a Good Idea (Kewanee Star Courier)
(ARA) - Are you one of those people who always gets nervous at test time? If so, you may be intrigued by the prospect of buying a life insurance policy that doesn't require a physical exam, but you could be making a huge financial mistake.

Life Settlement Solutions, Inc. Launches Life Settlement Awareness Month(TM) Today


Life Settlement Solutions, Inc. Launches Life Settlement Awareness Month(TM) Today (Business Wire via Yahoo! Finance)
SAN DIEGO----As insurance agents face the challenge of offering suitable financial-planning tools for their clients, a lack of knowledge on one particular strategy - life settlements - often stands in their way.

Forty years later, two views from the West Bank's Road 60 (The Christian Science Monitor via Yahoo! News)
The road that runs between Sinjil and Shilo retraces one of the oldest paths in the Middle East.

Why Now is a Good Time to Consider Life Insurance


Why Now is a Good Time to Consider Life Insurance (Benton Evening News)
(ARA) - Life insurance isn't a topic that is usually brought up at dinner time. No one likes to think about their death or the death of a family member. And no one thinks it could happen to them, but the reality is it could!

Key-person insurance can save a business (Louisville Courier-Journal)
Small-business owners know they need property and casualty insurance, yet many have never heard of key-person insurance. But having this coverage, which basically is a life-insurance policy on an owner or critically important employee, could save a company from folding if such a person dies.

Term Life Insurance Now Less Expensive (Palladium Times) (ARA) -


Term Life Insurance Now Less Expensive (Palladium Times)
(ARA) - If you have been thinking about getting term life insurance, now's a great time to start shopping because life insurance rates are declining rapidly.

Why Now is a Good Time to Consider Life Insurance (Benton Evening News)
(ARA) - Life insurance isn't a topic that is usually brought up at dinner time. No one likes to think about their death or the death of a family member. And no one thinks it could happen to them, but the reality is it could!

Getting away: A second home in France (The Record) Who


Getting away: A second home in France (The Record)
Who among us hasn t fantasized about owning a place in France having a pied- -terre in romantic Paris, holding court at a chateau in Provence or entertaining at a villa on the French Riviera?

Israel/OPT: Forty years of occupation -- no security without basic rights (Amnesty International)
On the eve of the 40th anniversary of Israel's occupation of the West Bank and Gaza Strip, Amnesty International today called on the Israeli authorities to end the land-grabbing, blockades and other violations of international law carried out under the occupation.

Life Settlement Solutions, Inc. Launches Life Settlement Awareness Month(TM) Today (Business Wire via Yahoo! Finance)
SAN DIEGO----As insurance agents face the challenge of offering suitable financial-planning tools for their clients, a lack of knowledge on one particular strategy - life settlements - often stands in their way.

Much Higher Value Put On Loss Of Loved Ones By Economists Than Courts (Medical News Today)
Researchers at the University of Warwick and the University of London's Institute of Education have produced new research that shows the UK court system considerably undervalues the impact of the loss of a loved one when deciding financial compensation for surviving family members. [click link for full article]

Do you need life insurance now? (Bankrate.com via Yahoo! Finance)


Do you need life insurance now? (Bankrate.com via Yahoo! Finance)
Determining your life insurance needs should be done well in advance of your retirement.

Why Now is a Good Time to Consider Life Insurance (Hornell Evening Tribune)
(ARA) - Life insurance isn't a topic that is usually brought up at dinner time. No one likes to think about their death or the death of a family member. And no one thinks it could happen to them, but the reality is it could!

Term Life Insurance Now Less Expensive (Hornell Evening Tribune) (ARA)


Term Life Insurance Now Less Expensive (Hornell Evening Tribune)
(ARA) - If you have been thinking about getting term life insurance, now's a great time to start shopping because life insurance rates are declining rapidly.

Buying Life Insurance Online (Wellsville Daily Reporter)
(ARA) - Unless you're a carefree, 20-something single with no debt and no property, chances are you've at least thought about buying life insurance.

Term Life Insurance Now Less Expensive (Palladium Times) (ARA) -


Term Life Insurance Now Less Expensive (Palladium Times)
(ARA) - If you have been thinking about getting term life insurance, now's a great time to start shopping because life insurance rates are declining rapidly.

Why Now is a Good Time to Consider Life Insurance (Palladium Times)
(ARA) - Life insurance isn't a topic that is usually brought up at dinner time. No one likes to think about their death or the death of a family member. And no one thinks it could happen to them, but the reality is it could!

Life insurance Without an Exam Not a Good Idea (Hope Star)
(ARA) - Are you one of those people who always gets nervous at test time? If so, you may be intrigued by the prospect of buying a life insurance policy that doesn't require a physical exam, but you could be making a huge financial mistake.

A.M. Best Takes Various Rating Actions on American Modern Life Insurance Group (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit ratings of "a-" of American Modern Life Insurance Company , the lead life insurer within the American Modern Insurance Group The outlook for these ratings is stable.

Spokane diocese emerges from Chapter 11 bankruptcy (The Columbian) SPOKANE,


Spokane diocese emerges from Chapter 11 bankruptcy (The Columbian)
SPOKANE, Wash. (AP) -- The Catholic Diocese of Spokane has emerged from bankruptcy 30 months after filing for Chapter 11 protection from lawsuits over past clergy sex abuse. Now, Bishop William Skylstad and parishioners must raise $48 million to settle victims' claims.

Israel minister, Fatah officer trade views on Gaza crisis (Middle East Times)
JERUSALEM -- The Israeli security deployment - involving the army, police, and Shin Bet - at the entrance of the Palestinian-owned Ambassador Hotel in East Jerusalem Wednesday was an unexpected sight.

MIB Life Index Reports North American Life Insurance Activity Down


MIB Life Index Reports North American Life Insurance Activity Down 1.6% in April (SYS-CON Media)
North American application activity for individually underwritten life insurance was off -1.6% in April year-over-year, according to the MIB Life Index (SM). The year-to-date (YTD) decline of -4.6% over January-April 2006, compares less favorably to a -1.1% decline seen during the first four months of last year, January-April 2006/2005. Month-over-month, April's application volume was down -2.8% ...

Life Insurance Settlement Association Webinar: Why the NAIC Model Settlement Act Is Bad (SYS-CON Media)
The Life Insurance Settlement Association(LISA) invites all interested parties to a FREE webinar this Friday, June1st, 11 a.m. (EDT), to ensure financial and insurance professionals fullyunderstand the impact of the current NAIC (National Association ofInsurance Commissioners) proposal regarding a settlement industry model.

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