Latest Life Insurance Settlements News Update July 31, 2007 at 08:45 PM

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Edwards' Treacle-Down Economics (Investor's Business Daily via Yahoo! News) Taxes:


Edwards' Treacle-Down Economics (Investor's Business Daily via Yahoo! News)
Taxes: Those eager to see investors and entrepreneurs fleeced are eating up the sweet-sounding demagoguery of John Edwards like candy. But taxing "the rich" always kills the jobs of the nonrich they employ.

Stratos Announces Second-Quarter 2007 Financial Results (Broadcast Newsroom)
BETHESDA, MD, July 31 /PRNewswire-FirstCall/ - Stratos Global Corp. (TSX: SGB), the world's trusted leader in delivering vital voice, data, and IP communication services today announced financial results for the second quarter ended June 30, 2007.

Lloyds TSB sells Abbey Life to Deutsche Bank, as profits


Lloyds TSB sells Abbey Life to Deutsche Bank, as profits surge (AFP via Yahoo! News)
Lloyds TSB, the fifth-biggest British bank, said Tuesday it would sell insurance arm Abbey Life to Germany's Deutsche Bank for 977 million pounds, as it posted soaring profits in the first half of 2007.

Lower life insurance for vegetarians (Daily Mail)
A new life insurance product was launched today offering lower premiums to vegetarians. Animal Friends Insurance said people who did not eat meat would qualify for a 6 per cent discount on its life cover because medical evidence suggested they were less likely to suffer from major illnesses

Jackson(SM) Enhances Universal Life Product Portfolio (Business Wire via Yahoo!


Jackson(SM) Enhances Universal Life Product Portfolio (Business Wire via Yahoo! Finance)
LANSING, Mich.----Jackson National Life Insurance Company today launched Jackson Accumulator UL, a new universal life insurance product designed to help advisors and their clients focus on generating a policy cash value, and to provide death benefit protection.

Woman Accused of Stealing Soldier Son's Insurance Charged Again (22 WSBT South Bend)
VALPARAISO, Ind. (AP) A Portage woman who had pleaded guilty to stealing $250,000 in life insurance money after her son died in Iraq was scheduled to be sentenced on Aug. 17.

Digging into 2,500 years of history (The Chilliwack Progress) Archeologists


Digging into 2,500 years of history (The Chilliwack Progress)
Archeologists have been working since June and have uncovered some interesting facts about the early life in the Chehalis territory.

Life Settlements Top $12 Billion in Record Year (Marketwire via Yahoo! Finance)
Life settlement-backed securities have seen tremendous growth in the past 12 months. The life settlement market expanded in 2006 to approximately $12 billion. While this number is still a fraction of what some predict will be the size in 10 years, it still represents a significant increase over the prior year.

Matriarch of longtime Texas family taught of life, history (Austin American-Statesman)
Myrtle Hornsby Callan, the oldest living member of the Hornsby family, died Thursday morning at her home in Austin. She was 105.

Life Insurance 101 offered Monday (Fond du Lac Reporter) Marian


Life Insurance 101 offered Monday (Fond du Lac Reporter)
Marian Colleges Adult Accelerated program will host Life Insurance 101 at 5 p.m. Monday, July 30.

Lloyds takes two into final round for Abbey Life (Daily Telegraph)
Lloyds TSB has extended the auction of its Abbey Life insurance business, in an attempt to secure its asking price of almost 1bn.

Term Life Insurance Now Less Expensive (The Bradford Era)
(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.

A.M. Best Downgrades Ratings of Charter National Life Insurance Company


A.M. Best Downgrades Ratings of Charter National Life Insurance Company and Intramerica Life Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength ratings to B++ from A- and the issuer credit ratings to "bbb+" from "a-" of Charter National Life Insurance Company and Intramerica Life Insurance Company .

The Penn Mutual Life Insurance Company Introduces Accumulation Builder Indexed Universal Life Insurance (Business Wire via Yahoo! Finance)
HORSHAM, Pa.----To meet the growing demand for life insurance products that offer the potential for additional cash value accumulation without the risks of variable universal life insurance, The Penn Mutual Life Insurance Company and its wholly owned subsidiary, The Penn Insurance & Annuity Company, have added Accumulation Builder Indexed Universal Life to their competitive line of life ...

Flash floods kill 4, life crippled across Nepal (People's Daily)


Flash floods kill 4, life crippled across Nepal (People's Daily)
At least four persons died as a result of floods and landslides triggered by incessant rainfall in the last few days in Nepal, The Kathmandu Post reported on Thursday. The flashfloods also inundated various settlements and huge swathes ...

Life settlements: Betting on death (MSNBC)
The life settlements industry the business of buying and selling unwanted life insurance policies is attracting people from a variety of backgrounds.

Suhakam Finds Seven Areas To Improve Life Of Penans (Bernama)
KUCHING, July 26 (Bernama) -- A fact-finding mission of the Human Rights Commission of Malaysia (Suhakam) has identified seven key areas requiring "drastic improvement" by the government to uplift the life of the nomadic Penan community in Sarawak to be on par with that of the other communities in the country.

A.M. Best Downgrades Ratings of Charter National Life Insurance Company


A.M. Best Downgrades Ratings of Charter National Life Insurance Company and Intramerica Life Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength ratings to B++ from A- and the issuer credit ratings to "bbb+" from "a-" of Charter National Life Insurance Company and Intramerica Life Insurance Company .

AXA to sell Taiwanese business to China Life Insurance (Insurance Business Review)
French insurance giant AXA has confirmed that it intends to sell its Taiwan-based life insurance company Winterthur Life Taiwan Branch to China Life Insurance Company. According to Reuters, the total purchase price will amount to $12.2 million.

The Penn Mutual Life Insurance Company Introduces Accumulation Builder Indexed Universal Life Insurance (Business Wire via Yahoo! Finance)
HORSHAM, Pa.----To meet the growing demand for life insurance products that offer the potential for additional cash value accumulation without the risks of variable universal life insurance, The Penn Mutual Life Insurance Company and its wholly owned subsidiary, The Penn Insurance & Annuity Company, have added Accumulation Builder Indexed Universal Life to their competitive line of life ...

A.M. Best Affirms Ratings of Sony Life Insurance Company Ltd. (Business Wire via Yahoo!7 Finance)
A.M. Best Co. has affirmed the financial strength rating of A+ (Superior) and the issuer credit rating (ICR) of "aa-" of Sony Life Insurance Company Ltd. (Sony Life) (Japan). The outlook for both ratings is stable.

Offering Life Insurance to Your Employees (AllBusiness via Yahoo! Finance)


Offering Life Insurance to Your Employees (AllBusiness via Yahoo! Finance)
For many people, life insurance is an afterthought. Those that do apply for it are often faced with mountains of paperwork and the prospects of failing the physical exam and paying exorbitant premiums.

CORRECTED - AXA to sell Taiwan unit to China Life Insurance Co (Reuters via Yahoo! Asia News)
PARIS, July 25 (Reuters) - AXA , Europe's second-biggest insurer by revenue, said on Wednesday it would sell its Winterthur Life Taiwan Branch unit to China Life Insurance Co Ltd .

New Report Presents Key Facts on the Chinese Life Insurance Sector (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of Chinese Life Insurance Sector: Industry Profile to their offering.

AXA Asia Pacific Holdings Announces Sale of its Taiwan Life Insurance Operations (AXA.AX, 00741992, 20070725) (Aspect Huntley via Yahoo!7 Finance)
AXA Asia Pacific Holdings announced it has reached an agreement with China Life Insurance Co for the sale of Winterthur Life Taiwan Branch. AXA APH decided not to pursue the WLTB opportunity. Following its acquisition of the Winterthur Group from Credit Suisse AXA SA offered the Asian life insurance assets of Winterthur to AXA APH. On 22 December 2006 AXA APH announced the purchase of Winterthur ...

This Report Gives an Overview of the Danish Life Insurance


This Report Gives an Overview of the Danish Life Insurance and Pensions Market (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of "Market Guide: Life Insurance and Pensions in Denmark 2006" to their offering.

Offering Life Insurance to Your Employees (AllBusiness via Yahoo! Finance)
For many people, life insurance is an afterthought. Those that do apply for it are often faced with mountains of paperwork and the prospects of failing the physical exam and paying exorbitant premiums.

CORRECTED - AXA to sell Taiwan unit to China Life Insurance Co (Reuters via Yahoo! Asia News)
PARIS, July 25 (Reuters) - AXA , Europe's second-biggest insurer by revenue, said on Wednesday it would sell its Winterthur Life Taiwan Branch unit to China Life Insurance Co Ltd .

AXA Asia Pacific Holdings Announces Sale of its Taiwan Life Insurance Operations (AXA.AX, 00741992, 20070725) (Aspect Huntley via Yahoo!7 Finance)
AXA Asia Pacific Holdings announced it has reached an agreement with China Life Insurance Co for the sale of Winterthur Life Taiwan Branch. AXA APH decided not to pursue the WLTB opportunity. Following its acquisition of the Winterthur Group from Credit Suisse AXA SA offered the Asian life insurance assets of Winterthur to AXA APH. On 22 December 2006 AXA APH announced the purchase of Winterthur ...

Insurer Settles Trading Charges (Hartford Courant) The Hartford Agrees To


Insurer Settles Trading Charges (Hartford Courant)
The Hartford Agrees To Pay $115 Million In one of the widest-ranging insurance settlements yet, The Hartford Financial Services Group Inc. has agreed to pay $115 million to resolve allegations from three states that it faked bids and allowed illegal trading in mutual funds by some customers.

Online Extra: Life Settlements: Betting on Death (BusinessWeek)
From the Lowinger clan to hedge funds, investors are cashing in on the business of trading unwanted life insurance policies. But buyers should be wary

LISA Applauds State Legislator's Progress on Model Law: New Provisions Address Stranger Originated Life Insurance (Marketwire via Yahoo! Finance)
The Life Insurance Settlement Association (LISA) today applauded the National Conference of Insurance Legislators (NCOIL) for its continued progress on a model life settlement law for use by the legislatures of the states. NCOIL's Life Settlements Subcommittee met for over 6 hours over two days last week at its Summer National Meeting in Seattle in efforts to complete adoption of amendments to ...

(AFX UK Focus) 2007-07-24 12:17 GMT: Aviva Life Insurance jv


(AFX UK Focus) 2007-07-24 12:17 GMT: Aviva Life Insurance jv signs bancassurance deal with India's Apex Bank (Interactive Investor)
LONDON (Thomson Financial) - Aviva Life Insurance said its joint venture with Dabur in India has signed a bancassurance deal with Apex Bank, a bank in the state of Madhya Pradesh, to access a customer base of 5.7 mln.

Offering Life Insurance to Your Employees (AllBusiness via Yahoo! Finance)
For many people, life insurance is an afterthought. Those that do apply for it are often faced with mountains of paperwork and the prospects of failing the physical exam and paying exorbitant premiums.

Life insurers seek eight-billion-pound merger (AFP via Yahoo! News)
Life insurance groups Friends Provident and Resolution said on Monday that they were in advanced talks on a merger worth 8.31 billion pounds.

Phillip Wasserman and Phillip Roy Financial Services Announce Chicago Life


Phillip Wasserman and Phillip Roy Financial Services Announce Chicago Life Insurance, Annuity, and Financial Planning ... (PRWeb)
Phillip Wasserman, recognized as a top authority on life insurance and annuities, has announced a special training session for insurance agents, financial planners, register investment advisors and other professionals to be held in Chicago, Ill. At the Chicago Hyatt O'Hare hotel on August 14th. (PRWeb Jul 22, 2007) Post Comment:Trackback URL: ...

Life insurers seek eight-billion-pound merger (AFP via Yahoo! News)
Life insurance groups Friends Provident and Resolution said on Monday that they were in advanced talks on a merger worth 8.31 billion pounds.

Phillip Wasserman and Phillip Roy Financial Services Announce Chicago Life


Phillip Wasserman and Phillip Roy Financial Services Announce Chicago Life Insurance, Annuity, and Financial Planning ... (PRWeb)
Phillip Wasserman, recognized as a top authority on life insurance and annuities, has announced a special training session for insurance agents, financial planners, register investment advisors and other professionals to be held in Chicago, Ill. At the Chicago Hyatt O'Hare hotel on August 14th. (PRWeb Jul 22, 2007) Post Comment:Trackback URL: ...

Online Extra: Life Settlements: Betting on Death (BusinessWeek)
From the Lowinger clan to hedge funds, investors are cashing in on the business of trading unwanted life insurance policies. But buyers should be wary

Life Insurance Settlements Help Seniors Get Much Needed Cash Out of Unneeded Policies (PRWeb via Yahoo! News)
Detailed information about Life Insurance Settlements for seniors is now found on the NewRetirement.com website. Life Insurance Settlements are a recent innovation that let seniors take life insurance policies and turn them into cash. Life settlement brokers can offer more value than the insurance providers, which only offer a cash surrender value.

Life Settlements: Betting On Death (NBC 5 Chicago)
The life settlements industry - the business of buying and selling unwanted life insurance policies - is attracting people from a variety of backgrounds.

European Insurance Stocks Gain; Friends Provident Shares Surge (Bloomberg.com) July


European Insurance Stocks Gain; Friends Provident Shares Surge (Bloomberg.com)
July 23 (Bloomberg) -- European insurance stocks rose, led by Friends Provident Plc and Resolution Plc, after the companies said they are in talks for a merger that would create the U.K.'s fifth-biggest insurer.

(AFX UK Focus) 2007-07-23 03:00 GMT: China's Aegon-CNOOC Life raises capital to 800 mln yuan from 600 mln (Interactive Investor)
BEIJING (XFN-ASIA) - Aegon-CNOOC Life Insurance Co, a 50-50 joint venture between Aegon NV and the China National Offshore Oil Corp (CNOOC), has increased its capital to 800 mln yuan from 600 mln previously, the China Insurance Regulatory Commission (CIRC) said in a statement approving the deal.

Phillip Wasserman and Phillip Roy Financial Services Announce Chicago Life Insurance, Annuity, and Financial Planning ... (PRWeb)
Phillip Wasserman, recognized as a top authority on life insurance and annuities, has announced a special training session for insurance agents, financial planners, register investment advisors and other professionals to be held in Chicago, Ill. At the Chicago Hyatt O'Hare hotel on August 14th. (PRWeb Jul 22, 2007) Post Comment:Trackback URL: ...

Afraid to invest? Buy 'insurance' (Milwaukee Journal Sentinel) My wife,


Afraid to invest? Buy 'insurance' (Milwaukee Journal Sentinel)
My wife, Georgina, has spent close to $4,000 the past two years for "investment insurance" she didn't need. But...

Life insurance industry to offer 1st qualification test in Oct. (Kyodo via Yahoo! Asia News)
_ The Life Insurance Association of Japan will carry out the first examination in October under a qualification system it has devised to prevent a recurrence of massive nonpayment of legitimate insurance claims, the newly installed chairman of the industry association said Friday.

China Life\'s Strong Prospects (Zacks.com via Yahoo! Finance)
It is clear that China Life is the market leader in China\'s life insurance industry, where opportunities are significant.

Hapoalim to sell Massad to market life insurance (Haaretz Daily)
A dramatic development over the weekend will apparently clear the way for the major banks to enter the life insurance market by 2010. In return, the major banks will accept a delay of their entrance into the pension sector until 2010.

Industry Association Supports Life Settlement Bill Introduced in D.C. (Marketwire


Industry Association Supports Life Settlement Bill Introduced in D.C. (Marketwire via Yahoo! Finance)
The Life Insurance Settlement Association announced its strong support today for the recently introduced bill in the District of Columbia City Council to regulate life settlements in that jurisdiction. This legislation, introduced at the request of the D.C. Department of Insurance, Securities, and Banking, comprehensively protects life insurance policyowners by imposing tough licensing ...

Brian Viner interviews Justin Langer: Smiling tiger tells England to regain hunger (Independent)
Hatch Beauchamp in Somerset is about as different from Perth, Western Australia, as two English-speaking settlements can be. Which is one of the reasons Justin Langer, Hatch Beauchamp's temporary resident Aussie, is so enjoying himself this summer. "Mate, I say this with the utmost affection and respect, but it's like living in the olden days," he says, between mouthfuls of porridge at the ...

Your Money Or Your Life Assurance (The Motley Fool) Fiona


Your Money Or Your Life Assurance (The Motley Fool)
Fiona Nicolson looks at why many of us should take out life insurance.

Life insurance industry to offer 1st qualification test in Oct. (Kyodo via Yahoo! Asia News)
_ The Life Insurance Association of Japan will carry out the first examination in October under a qualification system it has devised to prevent a recurrence of massive nonpayment of legitimate insurance claims, the newly installed chairman of the industry association said Friday.

Eastern Life & Health Insurance Company Appoints Melville Vice President of Underwriting (PR Newswire via Yahoo! Finance)
Eastern Insurance Holdings, Inc. announced today that Curt Melville has joined Eastern Life & Health Insurance Company in the new position of Vice President of Underwriting. Eastern Life & Health Insurance Company is a wholly-owned subsidiary of EIHI.

Resona to sell shares to Dai-ichi Life (The Japan Times)
Resona Holdings Inc., Japan's fourth-largest banking group, said Friday that it will sell preferred shares to Dai-ichi Mutual Life Insurance Co. and use the proceeds to repay funds received in a... Read more ...

China Life\'s Strong Prospects (Zacks.com via Yahoo! Finance) It is


China Life\'s Strong Prospects (Zacks.com via Yahoo! Finance)
It is clear that China Life is the market leader in China\'s life insurance industry, where opportunities are significant.

John Hancock Introduces New Level Premium Term Life Insurance Portfolio (PR Newswire via Yahoo! Finance)
John Hancock Life Insurance Company, one of the industry leaders in the sales of permanent life insurance products, is launching a new version of its term life insurance product portfolio.

Playing Death Futures (Forbes) Thanks to an increasingly sleazy life


Playing Death Futures (Forbes)
Thanks to an increasingly sleazy life settlement market, your life insurance policy could end up in Tony Soprano's IRA.

Industry Association Supports Life Settlement Bill Introduced in D.C. (Marketwire via Yahoo! Finance)
The Life Insurance Settlement Association announced its strong support today for the recently introduced bill in the District of Columbia City Council to regulate life settlements in that jurisdiction. This legislation, introduced at the request of the D.C. Department of Insurance, Securities, and Banking, comprehensively protects life insurance policyowners by imposing tough licensing ...

Pennsylvania Firm Opens the Door On Life Settlements (Business Wire via Yahoo! Finance)
PHILADELPHIA----Milestone Providers announced today its "No Policy Left Behind" initiative. The focus of the initiative will be to settle small face amount policies which are often times overlooked in the life settlement market place.

Three plead guilty in major US insurance scam (AFP via


Three plead guilty in major US insurance scam (AFP via Yahoo! News)
Three people pleaded guilty on Tuesday to participating in a massive insurance scam in Florida and agreed to reimburse hundreds of millions of dollars to defrauded investors.

Life Insurance Settlements Help Seniors Get Much Needed Cash Out of Unneeded Policies (PRWeb)
Detailed information about Life Insurance Settlements for seniors is now found on the NewRetirement.com website. Life Insurance Settlements are a recent innovation that let seniors take life insurance policies and turn them into cash. Life settlement brokers can offer more value than the insurance providers, which only offer a cash surrender value. (PRWeb Jul 18, 2007) Post Comment:Trackback URL: ...

Life cover lost in the paper chase (Money Marketing Online)
So-called simple online applications for life insurance can generate as much as 29 metres of paperwork. Torquil Clark Life Insurance director Jason King wanted to compare the consumer experience for buying life cover and mobile phone insurance after he was offered mobile insurance at 5 a month.

Life Insurance From FNB Now Available Online (PRWeb via Yahoo! News)
FNB's long term insurance products have already been welcomed by South Africans as the only life assurance policies that pay back policy holders while they are still alive. And now quotes for those FNB life insurance policies are available online at Finance In Motion.

Three plead guilty to insurance fraud (Sarasota Herald-Tribune) MIAMI --


Three plead guilty to insurance fraud (Sarasota Herald-Tribune)
MIAMI -- Three people pleaded guilty Tuesday in a multimillion-dollar scheme to defraud life insurance policy investors, authorities said.

Life Insurance From FNB Now Available Online (PRWeb)
FNB's long term insurance products have already been welcomed by South Africans as the only life assurance policies that pay back policy holders while they are still alive. And now quotes for those FNB life insurance policies are available online at Finance In Motion. (PRWeb Jul 18, 2007) Post Comment:Trackback URL: http://www.prweb.com/pingpr.php/U3F1YS1TaW5nLUVtcHQtU3F1YS1UaGlyLVplcm8=

Rationalizing the insurance industry (ABS-CBNNEWS.com)
Standard & Poor s stable outlook on both life and non-life insurance in the Philippines should help boost growth prospects for the insurance industry and make it at par with the rest of its counterparts in the Asian region.

Tata AIG s unit linked insurance solution (The Hindu)
CHENNAI: Tata AIG Life Insurance Company announced on Tuesday the launch of a nation-wide campaign for InvestAssure Gold, a wholelife unit-linked insurance solution. The scheme blends in protection and tax advantages of life insurance with the ...

Pennsylvania Firm Opens the Door On Life Settlements (Business Wire


Pennsylvania Firm Opens the Door On Life Settlements (Business Wire via Yahoo! Finance)
PHILADELPHIA----Milestone Providers announced today its "No Policy Left Behind" initiative. The focus of the initiative will be to settle small face amount policies which are often times overlooked in the life settlement market place.

Industry Association Supports Life Settlement Bill Introduced in D.C. (Marketwire via Yahoo! Finance)
The Life Insurance Settlement Association announced its strong support today for the recently introduced bill in the District of Columbia City Council to regulate life settlements in that jurisdiction. This legislation, introduced at the request of the D.C. Department of Insurance, Securities, and Banking, comprehensively protects life insurance policyowners by imposing tough licensing ...

Fraud defendants plead guilty, agree to pay $826 million (Naples Daily News)
Three people pleaded guilty Tuesday in a multimillion dollar scheme to defraud life insurance policy investors, authorities said. Raquel Kohler, Ameer Khan and Stephen Ziegler each pleaded guilty in federal court in Miami to one count of conspiracy in connection to fraudulent activities through Mutual Benefits Corp., according to a statement from Miami U.S. Attorney R. Alexander Acosta.

Deutsche Bank in running to buy Abbey Life: report (AFP


Deutsche Bank in running to buy Abbey Life: report (AFP via Yahoo! News)
Deutsche Bank, the biggest bank in Germany, is interested in buying Abbey Life -- the direct insurance unit of Lloyds TBS estimated to be worth 1.38 billion euros (1.9 billion dollars) -- the Financial Times Deutschland reported Monday.

New parents can skip pricey life insurance (The News & Observer)
Q: We are in our late 20s and just had our first child; we know we need to buy some life insurance.

Socially responsible funds managed by Jupiter, Standard Life and the Co-operative Insurance Society invest in stocks ... (eFinancial News)
Socially responsible funds managed by Jupiter, Standard Life and the Co-operative Insurance Society invest in stocks with a larger collective carbon footprint than those comprising the FTSE 350 index.

Mastek acquires Vector Insurance Services (CIOL)
MUMBAI, INDIA: Mastek Ltd has announced the acquisition of Vector Insurance Services LLC (Vector), a technology solutions provider and third party administrator that focuses on the North American life and annuity insurance industry.

Socially responsible funds managed by Jupiter, Standard Life and the


Socially responsible funds managed by Jupiter, Standard Life and the Co-operative Insurance Society invest in stocks ... (eFinancial News)
Socially responsible funds managed by Jupiter, Standard Life and the Co-operative Insurance Society invest in stocks with a larger collective carbon footprint than those comprising the FTSE 350 index.

Deutsche Bank in running to buy Abbey Life: report (AFP via Yahoo! News)
Deutsche Bank, the biggest bank in Germany, is interested in buying Abbey Life -- the direct insurance unit of Lloyds TBS estimated to be worth 1.38 billion euros (1.9 billion dollars) -- the Financial Times Deutschland reported Monday.

Insurance firms make worst pension managers (Haaretz Daily) If your


Insurance firms make worst pension managers (Haaretz Daily)
If your pension monies are part of the NIS 93 billion managed by insurance companies in their new policies - you have a problem.

Bajaj Allianz Life Insurance logs profit of Rs 30 crore (ANI via Yahoo! India News)
Mumbai, July 12 (ANI): Bajaj Allianz Life Insurance has once again taken the lead amongst private sector life insurance companies in proving it's management marketing skills and on the back of a profitable 2006-07. The company is starting its first quarter of 2007-08 with a Rs 30 cr profit. Its full year profit for fiscal 2006-07 was Rs 63 cr. Bajaj Allianz Life Insurance issued over 536,703 ...

A.M. Best Downgrades and Assigns Ratings to Colonial Life Insurance Company (Trinidad) Limited (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 Colonial Life Insurance Company Limited (CLICO LTD).

Catholic Church avoids abuse trial with LA deal (Reuters via


Catholic Church avoids abuse trial with LA deal (Reuters via Yahoo! News)
The Archdiocese of Los Angeles said on Sunday it would pay people who were sexually abused by priests as children a record $660 million, although some victims regretted it meant church leaders would not face questioning in court.

Cardinal Gives Apology for Abuse Cases in Los Angeles (New York Times)
Cardinal Roger Mahony apologized for ?this horrible sin and crime? and said he hoped the $660 million settlement would bring a ?final resolution.?

Catholic Church avoids abuse trial with LA deal (Tiscali)
Facing trial on Monday over abuse allegations dating as far back as the 1940s, the Archdiocese agreed to pay 508 victims the largest-ever group settlement.

LA archdiocese to pay $600M to settle clergy abuse claims, dwarfing other deals (Sun-Sentinel)
Steven Sanchez says he has spent the past several months steeling himself to explain to a jury of 12 strangers the worst moments of his life: his sexual abuse by a priest.

Winners of First Risk Management Awards for The Insurance And


Winners of First Risk Management Awards for The Insurance And Pensions Industry Announced (PRWeb)
Life & Pensions magazine today announces winners of the Life & Pensions Awards, the first awards to recognize excellence and superior performance by the leading insurance and pensions providers in the field of risk, capital and financial management.The awards were presented at prestigious ceremony in London on the evening Tuesday 3rd July. Visit www.life-pensions.com/awards2007 for more ...

Bajaj Allianz Life Insurance logs profit of Rs 30 crore (ANI via Yahoo! India News)
Mumbai, July 12 (ANI): Bajaj Allianz Life Insurance has once again taken the lead amongst private sector life insurance companies in proving it's management marketing skills and on the back of a profitable 2006-07. The company is starting its first quarter of 2007-08 with a Rs 30 cr profit. Its full year profit for fiscal 2006-07 was Rs 63 cr. Bajaj Allianz Life Insurance issued over 536,703 ...

Bajaj Allianz Life Insurance logs profit of Rs 30 crore (New Kerala)
Mumbai, July 12 : Bajaj Allianz Life Insurance has once again taken the lead amongst private sector life insurance companies in proving it's management marketing skills and on the back of a profitable 2006-07. The company is starting its first quarter of 2007-08 with a Rs 30 cr profit.

Why Now is a Good Time to Shop for a Term Life Policy (The Bradford Era)
(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.

Dena Bank eyes non-life foray (Business Standard India) Dena Bank


Dena Bank eyes non-life foray (Business Standard India)
Dena Bank plans to enter the non-life insurance business through a tie-up with a foreign or local partner by the next financial year.

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

Bajaj Allianz Life Insurance logs profit of Rs 30 crore (ANI via Yahoo! India News)
Mumbai, July 12 (ANI): Bajaj Allianz Life Insurance has once again taken the lead amongst private sector life insurance companies in proving it's management marketing skills and on the back of a profitable 2006-07. The company is starting its first quarter of 2007-08 with a Rs 30 cr profit. Its full year profit for fiscal 2006-07 was Rs 63 cr. Bajaj Allianz Life Insurance issued over 536,703 ...

Firms not in line with insurance act? (iafrica.com)
The Life Offices' Association is launching an urgent enquiry into whether some companies have been contravening consumer credit insurance practices, the association announced on Friday.

Christopher Pearson: Myth of the noble savage (The Australian) HARDLY


Christopher Pearson: Myth of the noble savage (The Australian)
HARDLY a day has gone by in recent weeks without new reports of the sexual abuse of Aboriginal children in remote settlements.

Sedgeford dig unearths historic village (Lynn News)
A TEASING glimpse of life in Anglo Saxon Sedgeford has been unearthed by archaeologists who believe they have discovered evidence of one of the village's earliest settlements. (13/07/2007)

A.M. Best Downgrades Ratings of Northstar Life Insurance Company (Business


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

Bajaj Allianz Life Insurance logs profit of Rs 30 crore (ANI via Yahoo! India News)
Mumbai, July 12 (ANI): Bajaj Allianz Life Insurance has once again taken the lead amongst private sector life insurance companies in proving it's management marketing skills and on the back of a profitable 2006-07. The company is starting its first quarter of 2007-08 with a Rs 30 cr profit. Its full year profit for fiscal 2006-07 was Rs 63 cr. Bajaj Allianz Life Insurance issued over 536,703 ...

Fort Dearborn Life Insurance Company(R) Completes Acquisition of New York-based


Fort Dearborn Life Insurance Company(R) Completes Acquisition of New York-based Northstar Life Insurance Company (PR Newswire via Yahoo! Finance)
Fort Dearborn Life Insurance Company has successfully completed the acquisition of New York-based Northstar Life Insurance Company from Securian Financial Group, Inc.

Life insurers see premium down (China Daily)
Distracted by the booming stock market, the premium income of life insurance companies in China dropped in general in the first five months of this year.

ACLI Annual Conference Will Bring Life Insurance Industry Leaders to Washington, D.C. This Fall (PR Newswire via Yahoo! News)
The American Council of Life Insurers (ACLI) Annual Conference will attract U.S. life insurance industry leaders to Washington, D.C. this fall. The conference, October 21-23, 2007 at the Omni Shoreham, will explore key legislative and regulatory issues affecting the industry.

Philippines' Allied Bank buys out partner in New York Life Insurance (Sharewatch)
MANILA (Thomson Financial) - Allied Banking Corp, owned by Filipino-Chinese businessman Lucio Tan, said on Tuesday it has signed an agreement to raise its stake in local insurer New York Life Insurance Philippines to 75 percent from 25 percent.

Forum National Investments Completes US$3,500,000 Common Stock Private Placement (SYS-CON


Forum National Investments Completes US$3,500,000 Common Stock Private Placement (SYS-CON Media)
Forum National Investments Ltd. (FNI) (OTC: FMNLF) today announced that it has closed a private placement of 3,500,000 shares of common stock of FNI at a purchase price of US$1.00 per share, raising a total of US$3,500,000. The private placement was made to Aliya Life Settlement International, LLC, who last week purchased US$2,750,000 of FNI common stock via private placement. Over the past two ...

Sedgeford dig unearths historic village (Lynn News)
A TEASING glimpse of life in Anglo-Saxon Sedgeford has been unearthed by archaeologists who believe they have discovered evidence of one of the village's earliest settlements. (11/07/2007 16:48:36)

U.K. Insurers' Flood Costs May Rise; More Rain to Spark Warning (Bloomberg.com)
July 11 (Bloomberg) -- U.K. insurers including Aviva Plc and Royal & Sun Alliance Insurance Group Plc may face higher claims as more bad weather increases record flooding costs.

BC Life and Health Insurance Company Adds Additional Face Amount


BC Life and Health Insurance Company Adds Additional Face Amount Offerings for Individual Term Life Policies (The San Francisco Examiner)
THOUSAND OAKS, Calif. ( Map ) - Financial security for the future is a worry item for many Americans, and life insurance is an affordable solution.

R5,3m Taliep Petersen life insurance not paid yet (Mail and Guardian)
The R5,3-million insurance policy on Taliep Petersen's life, to which first his widow Najwa and later his minor daughter were beneficiaries, has not yet been paid. This was revealed in the Wynberg Regional Court in Cape Town on Tuesday.

Life insurance premium prices fall (Channel 4) The average cost


Life insurance premium prices fall (Channel 4)
The average cost of life insurance has fallen slightly in recent months but consumers can still make huge savings by shopping around, research showed.

Bargains To Be Had As Life Insurance Cheaper (Ananova)
The average cost of life insurance has fallen slightly in recent months, according to research.

Fort Dearborn Life Insurance Company(R) Completes Acquisition of New York-based Northstar Life Insurance Company (PR Newswire via Yahoo! Finance)
Fort Dearborn Life Insurance Company has successfully completed the acquisition of New York-based Northstar Life Insurance Company from Securian Financial Group, Inc.

Did grandpa have life insurance? (Tulsa World)
Dear Action Line: My grandfather died recently and left no instructions or information on life-insurance policies he said he had taken out years ago. How do we find them? -- L.H., Tulsa.

ICICI Prudential Life Insurance opens office in Dubai (AME Info)


ICICI Prudential Life Insurance opens office in Dubai (AME Info)
In a move to consolidate its position in the Gulf region, ICICI Prudential Life Insurance (ICICI Prudential), India's No. 1 private life insurance company, today opened its representative office in Dubai, becoming the first private life insurer from India to open an office in the Emirate.

Bargains To Be Had As Life Insurance Cheaper (Ananova)
The average cost of life insurance has fallen slightly in recent months, according to research.

California Insurance Department Alleges Insurer Improperly Canceled Policies (Medical News Today)
The California Department of Insurance in a report released last week alleged 67 violations of fair-claims handling laws by health insurer BC Life & Health after the company rescinded some members' health insurance coverage, the Los Angeles Times reports. BC Life & Health, owned by WellPoint, canceled 1,880 individual health insurance policies in 2004 and 2005. [click link for full article]

Critics of ex-spouse law turn to Congress for help (Montgomery


Critics of ex-spouse law turn to Congress for help (Montgomery Advertiser)
If the 25-year-old law that al lows state courts to divide military retired pay as marital property in divorce settlements needs reform, as many service members and retirees contend, it won't occur through a court challenge.

Uganda: Evict the Unruly Herd From Parks (AllAfrica.com)
Our Kenyan neighbours have once again led by example, this time round by successfully mounting a spirited fight for the ban in ivory trade to protect the country's tourism industry.

Tax Secrets of the Wealthy: The new investment darling (Marco Eagle)
Earlier this year this column carried an article with a similar title. Readers buried us in an avalanche of calls, faxes and e-mails. Everyone wanted more information.

Botswana: Seeletso - the Chief Who 'Right Tracked' the President (AllAfrica.com)
MMADINARE: The rural village of Mmadinare in the Bobirwa District is home to a man who could never be overcome by the blows that life throws at him.

Prudential Life Insurance gains profit (Deepika) Vijayawada, July 6 (UNI)


Prudential Life Insurance gains profit (Deepika)
Vijayawada, July 6 (UNI) Strenthening its leadership momentum among the private life insurers in the country, the ICICI has garnered retail and group premium business to the tune of Rs 4,843 crore, ending March 31, 2007, by giving a market share of 28.7 per cent.

No guarantee trip insurance is worth it (Chicago Tribune)
Don't buy travel insurance, says Consumer Reports. Do buy travel insurance, say consumer advocates Clark Howard and Ed Perkins. Don't buy travel insurance, says the Consumer Federation of America. Do buy it, says your travel agent.

Two Qatari firms to invest$36m in Sampanh Insurance (Bangkok Post)


Two Qatari firms to invest$36m in Sampanh Insurance (Bangkok Post)
Two Qatari firms are committed to investing a total of US$36 million to rescue cash-strapped Sampanh Insurance, according to Insurance Department director-general Chantra Purnariksha.

2 convicted for life insurance killings (AP via Yahoo! News)
Two men were convicted Tuesday of plotting to take out fraudulent life insurance policies on unsuspecting victims before having them killed and collecting hundreds of thousands dollars.

As we live longer, rates for life insurance fall Insurance rates fall as life expectancy rises (Boston Globe)
James and Alison Podworski of West Springfield, married for almost five years, hadn't thought much about life insurance. But all that changed two years ago when they had their first child, McKenna.

Waging war for peace (The Pinnacle) It might be such


Waging war for peace (The Pinnacle)
It might be such a predictable life: a dedicated student grows up in a small town, part of a family of educators and social activists, goes on to attend a small, private, church-affiliated university, becomes a pastor and starts leading a quiet daily existence devoted to others.

Where is the Real Risk in the Subprime Debacle? (GoldSeek.com)
Credit Default Swaps? Who Is the Counter-Party? So, Where's the Problem? This week we continue to look at an alphabet soup of problems: RMBSs, CDOs, Alt-A, BBB and - a new acronym to put on your radar screen - the very useful CDS. When does an AAA rating not mean an offering is ready for prime time?

Prudential Life Insurance gains profit (Deepika) Vijayawada, July 6 (UNI)


Prudential Life Insurance gains profit (Deepika)
Vijayawada, July 6 (UNI) Strenthening its leadership momentum among the private life insurers in the country, the ICICI has garnered retail and group premium business to the tune of Rs 4,843 crore, ending March 31, 2007, by giving a market share of 28.7 per cent.

BoM to pick insurance ally in a month (The Telegraph)
Calcutta, July 6 : The Bank of Maharashtra (BoM) will decide on its non-life insurance venture in the next one month.

2 convicted for life insurance killings (AP via Yahoo! News)
Two men were convicted Tuesday of plotting to take out fraudulent life insurance policies on unsuspecting victims before having them killed and collecting hundreds of thousands dollars.

This 2007 Snapshots Report Gives an Instant Overview of the


This 2007 Snapshots Report Gives an Instant Overview of the Hungarian Life Insurance Market Today (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of Snapshots Hungary Life Insurance 2007 to their offering.

Ask the Expert: Do life insurance and investing mix? (Money via Yahoo! Finance)
Question: I'm 25, make about $50,000 a year and invest $150 a month in an insurance policy for retirement. I do plan on contributing to my workplace retirement savings plan soon and also hope to open a Roth IRA, but in the meantime my adviser has suggested I increase my investment in the insurance policy to $300 a month.

Potential Organ Donors Fear Losing Insurance - 1 In 7 Organ Donors Concerned About Life & Health Insurance (Medical News Today)
According to a new review in American Journal of Transplantation, people who donate their kidney or part of their liver to help someone else may themselves encounter difficulty with life and health insurance, despite insurance companies saying otherwise. [click link for full article]

As we live longer, rates for life insurance fall Insurance rates fall as life expectancy rises (Boston Globe)
James and Alison Podworski of West Springfield, married for almost five years, hadn't thought much about life insurance. But all that changed two years ago when they had their first child, McKenna.

Video games: There s nothing old-fashioned about these board game updates.


Video games: There s nothing old-fashioned about these board game updates. (The Kansas City Star)
People have been playing board games for thousands of years, while video games have been around for only a few decades.

Migiro Urges Comprehensive Approach (Scoop.co.nz)
United Nations Deputy Secretary-General Asha-Rose Migiro today called for a more broad-based effort to tackle the impact of HIV/AIDS on women and girls.

Life Settlement Solutions Provides Educational Resources on the Life-Settlement Industry (Business Wire via Yahoo! Finance)
SAN DIEGO----In the insurance industry, it's not just who you know that's important, it's what you know. In response to the industry's calls for quality educational resources for those looking to enter the life-settlement market, Life Settlement Solutions, Inc. provides the means to achieve success through its webinars and industry events.

Old-fashioned board game gets digital upgrade (Long Beach Press-Telegram)
PEOPLE HAVE been playing board games for thousands of years, while video games have only been around for a few decades. So it makes sense that designers of video games would copy their ancestors.

Ask the Expert: Do life insurance and investing mix? (Money


Ask the Expert: Do life insurance and investing mix? (Money via Yahoo! Finance)
Question: I'm 25, make about $50,000 a year and invest $150 a month in an insurance policy for retirement. I do plan on contributing to my workplace retirement savings plan soon and also hope to open a Roth IRA, but in the meantime my adviser has suggested I increase my investment in the insurance policy to $300 a month.

Aviva offers life insurance product for rural India (Hindustan Times)
Aiming to extend its coverage in rural India, Aviva Life Insurance on Wednesday launched a low-premium insurance product for customers of BASiX, an entity engaged in micro finance activities as well as other livelihood support services in the country.

This 2007 Snapshots Report Gives an Instant Overview of the Hungarian Life Insurance Market Today (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of Snapshots Hungary Life Insurance 2007 to their offering.

Snapshots UK Life Insurance 2007 Provides 2005 Year-End Market Size Data, with 2006 Estimates, 4 Years of Historical ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of "Snapshots UK Life Insurance 2007" to their offering

Bajaj Allianz Life Insurance launches three micro insurance in WB


Bajaj Allianz Life Insurance launches three micro insurance in WB (New Kerala)
Kolkata, Jul 4: Bajaj Allianz Life Insurance has launched three micro insurance plans--"Alp Nivesh Yojana", "Bima Kavach Yojana" and "Jana Vikas Yojna" in West Bengal.

2 convicted for life insurance killings (The Charlotte Observer)
Two men were convicted Tuesday of plotting to take out fraudulent life insurance policies on unsuspecting victims before having them killed and collecting hundreds of thousands dollars. A federal jury in Brooklyn deliberated for three days before finding Ronald Mallay and Richard James guilty of committing murder in the aid of racketeering, conspiracy and multiple other charges. James was ...

Snapshots UK Life Insurance 2007 Provides 2005 Year-End Market Size Data, with 2006 Estimates, 4 Years of Historical ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of "Snapshots UK Life Insurance 2007" to their offering

The challenge of urbanisation (Trinidad Express) A United Nations report


The challenge of urbanisation (Trinidad Express)
A United Nations report suggests that fully half of the world's population of over six billion people will be living in city or urban settlements sometime in 2008. This should not surprise us as the history of human civilisation has been transition from a hunter-gatherer life habit to a settled lifestyle based on agriculture, leading to permanent settlements bound to the land, and later, ...

We ll have to show more repeats, says BBC in a new series of cuts Top executive pay in 2006-07 (Times Online)
Repeat programming will have to increase on the BBC as a consequence of a below-inflation licence-fee settlement, the corporation s bosses said yesterday.

Editorial: Budget hypocrisy-- science suffers (Orange Leader)
THE LEBANON REPORTER (LEBANON, Ind.) Hypocrisy over funding scientific research is not limited to President George W. Bush.

India's Reliance Capital to expand life insurance (Reuters via Yahoo!


India's Reliance Capital to expand life insurance (Reuters via Yahoo! Asia News)
MUMBAI, July 3 (Reuters) - India's Relaince Capital Ltd. plans to invest 20 billion rupees ($493 million) to expand its life insurance business in the next few years, Chairman Anil Ambani told the firm's shareholders on Tuesday.

Reliance Capital To Invest Rs. 2,000 Cr. In Life Insurance Biz (Nasdaq)
(RTTNews) - Tuesday, Reliance Capital is planning to invest Rs. 2,000 crores in its life insurance business in the next two years, the Chairman, Anil Ambani, reported to the media.

LifeQuote Participates in Life Insurance Awareness Month (LIAM) (PRWeb via Yahoo! News)
LifeQuote , a leading provider of life insurance (life insurance quote online) online, is a proud supporter of Life Insurance Awareness Month (LIAM) 2007.

Postal dept to enter insurance sector (rediff.com) In a bid


Postal dept to enter insurance sector (rediff.com)
In a bid to augment its revenue, the postal department would soon commence life insurance business, Union Minister for IT and Telecom A Raja has said.

LifeQuote Participates in Life Insurance Awareness Month (LIAM) (PRWeb via Yahoo! News)
LifeQuote , a leading provider of life insurance (life insurance quote online) online, is a proud supporter of Life Insurance Awareness Month (LIAM) 2007.

Growing demand for life assurance, investment-related products (Times of Malta)
Demand for life assurance and investment-related products increased substantially, as e