Latest Life Insurance Settlements News Update June 30, 2008 at 02:57 PM

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Coastal shire may face class action (The Age) A Gippsland


Coastal shire may face class action (The Age)
A Gippsland council is facing a multimillion-dollar class action for damage already done to coastal property values as it weighs banning development in areas vulnerable to rising sea levels caused by climate change.

Dispatch from Darwin (The Block Island Times)
The Spier family of West Side Road continue their round-the-world sailing voyage, and are currently refitting their trimaran in Australia before shoving off toward the Indian Ocean and the Northern Hemisphere. Here s their latest report:

Aegon Religare life insurance JV gets regulator nod (Reuters via


Aegon Religare life insurance JV gets regulator nod (Reuters via Yahoo! Philippines News)
MUMBAI, June 30 (Reuters) - Aegon Religare Life Insurance Co Ltd said on Monday it has received the final approval from the Insurance Regulatory and Development Authority to launch its operations in India.

Nigeria: NIA Calls for Enforcement of Life Insurance (AllAfrica.com)
The Nigerian Insurance Association (NIA) has called for the enforcement of sections 9(3) and 4(1)(b) of the Pension Reform Act 2004 which stipulates a mandatory life insurance policy for public servants employees and life annuity at retirement.

Is Whole Life a Good Investment? (Carteret County News-Times)
(ARA) - Good investments are hard to come by right now. You may have heard permanent life insurance - also known as whole life or universal - mentioned as a good investment option.

Ted Mathas Becomes Chief Executive Officer of New York Life (Centre Daily Times)
Ted Mathas tomorrow assumes the position of chief executive officer of New York Life Insurance Company, the largest mutual life insurance company in the United States with 15,000 employees and 50,000 agents worldwide, and more than $280 billion in assets under management.

Court refuses to hear life insurance case (AP via Yahoo!


Court refuses to hear life insurance case (AP via Yahoo! Finance)
The Supreme Court on Friday refused to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law does not entitle her to sue for compensation.

U.S. Supreme Court won't hear life insurance case (Philly.com)
WASHINGTON - The Supreme Court refused today to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law does not entitle her to sue for compensation.

Low Cost Life Insurance? It's Online (Carteret County News-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.

Health care on life support (AUDIO) Small businesses can't afford to give employees insurance (Erie Times-News)
It's been eight years since Donna Reese could afford to provide health insurance to her five employees. Back then, it cost the owner of General Exterminating $300 per employee per month. Now it would be more than double that amount.

Living a sustainable life, minimize damage (The Arizona Republic) The


Living a sustainable life, minimize damage (The Arizona Republic)
The sustainability movement offers ways to keep the footprint small and minimize the damage.

Post-Spitzer, a New Breed of Reformer (NYTimes.com via Yahoo! Finance)
Slowly, even a bit gently, Eliot Spitzer s successor as the attorney general of New York, Andrew M. Cuomo, is shaking up the financial industry.

A Faster Way to Shop for Life Insurance (Carteret County


A Faster Way to Shop for Life Insurance (Carteret County News-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.

High court refuses to hear life insurance case (Pittsburgh Post-Gazette)
WASHINGTON -- The Supreme Court today refused to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law did not entitle her to sue for compensation. ...

Fitch Ratings Updates Quantitative Ratings on U.S. Life Insurance Companies (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings Updates Quantitative Ratings on U.S. Life Insurance Companies Fitch Ratings has updated the Quantitative Insurer Financial Strength ratings assigned to life insurance companies in the U.S., resulting in 203 rating affirmations, 24 rating upgrades, and 15 rating downgrades.

U.S. Supreme Court won't hear life insurance case (Philly.com)
WASHINGTON - The Supreme Court refused today to hear the case of a widow denied $426,000 in life insurance benefits on grounds that a federal retirement law does not entitle her to sue for compensation.

Five Life Insurance Questions You Should Ask (Investopedia) If you're


Five Life Insurance Questions You Should Ask (Investopedia)
If you're in the market for life insurance , you might have been tempted by those ads claiming that "for just a few dollars a day, you can protect your family with $1 million in life insurance!" It sounds like a great deal, doesn't it?

A Faster Way to Shop for Life Insurance (Carteret County News-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.

Nigeria: Edingene - the Crown Prince of Aro Traditional Music


Nigeria: Edingene - the Crown Prince of Aro Traditional Music (AllAfrica.com)
Arondizuogu, a town in Imo State, is one of the largest Aro settlements outside Arochukwu and has become famous on account of it's Ikeji festival, a ceremony to mark the end of the planting season.

There's more to park than just trees (Metro Halifax)
It s not just the trees that will be brought back to life in Point Pleasant Park. HRM staff hosted a public meeting last night to explain their plan for restoring the park after Hurricane Juan smashed through five years ago. About 70,000 trees have been replanted so far, but municipal planners are looking at more than the trees. Peter Bigelow, on the HRM staff, said there are strong First ...

Man says he was betrayed by accused lawyer, friend (The Leaf Chronicle)
When Jeffrey Broome's wife of 24 years, Amy, died from an aneurysm on Valentine's Day 2004, Broome said his life was turned upside down.

A.M. Best Downgrades Ratings of Security Benefit Life Insurance Company;


A.M. Best Downgrades Ratings of Security Benefit Life Insurance Company; Revises Outlook to Negative (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit ratings to a- from a of Security Benefit Life Insurance Company and its wholly owned subsidiary, First Security Benefit Life Insurance and Annuity Company of New York .

Fitch Downgrades Security Benefit Life Insurance Company (Fox News)
Fitch Downgrades Security Benefit Life Insurance Company

Life Insurance Corpn to ramp up equity exposure (The Hindu)
Kolkata, June 24 Life Insurance Corporation is to ramp up its equity exposure this year in a falling market scenario, Mr S.S. Dash, Zonal Head of LIC, said here on Tuesday. The corporation s income from sale of equity in 2007-08 was Rs 10,000 crore, he said.

Five Life Insurance Questions You Should Ask (Investopedia via Yahoo! Finance)
Confused about $1 million dollar insurance advertising claims? Decide whether theyll pay off for you.

Low Cost Life Insurance? It's Online (Elk Grove Citizen) (ARA)


Low Cost Life Insurance? It's Online (Elk Grove Citizen)
(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.

A.M. Best Downgrades Ratings of Security Benefit Life Insurance Company; Revises Outlook to Negative (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has downgraded the financial strength rating to A- from A and issuer credit ratings to a- from a of Security Benefit Life Insurance Company and its wholly owned subsidiary, First Security Benefit Life Insurance and Annuity Company of New York .

Life insurance premiums spur industry growth (AP via Yahoo! Finance)
The global insurance industry recorded a 3.3 percent increase in revenue from premiums last year, with growth strongest in the life insurance business and in emerging economies.

AllFinancial Group LLC and Babcock & Brown Obtain $135 Million


AllFinancial Group LLC and Babcock & Brown Obtain $135 Million in Additional Financing for Life Settlement Joint Venture (PR Newswire via Yahoo! Finance)
AllFinancial Group LLC and Babcock & Brown are pleased to announce that Life Trade Holdco LLC, their recently formed joint venture to capitalize on emerging opportunities in the life settlement market, has obtained a $135 million credit facility from Autobahn Funding Company, LLC, an asset backed commercial paper conduit sponsored by DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am ...

Record tourism could harm Easter Island statues (CNN.com)
EASTER ISLAND, Chile (AP) -- It's earth's most remote inhabited land, a South Pacific speck of volcanic rock so isolated the locals call it "Te Pito O Te Henua," or "The Navel of the World."

Support Numbers for Colonial Life & Accident Insurance Company Customers


Support Numbers for Colonial Life & Accident Insurance Company Customers Affected by Floods (PR Newswire via Yahoo! Finance)
Colonial Life & Accident Insurance Company has set up dedicated phone lines to make it easier for customers affected by the flooding in the Midwest to get support from the company.

Fitch Downgrades Security Benefit Life Insurance Company (Centre Daily Times)
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of Security Benefit Life Insurance Company (SBLIC) and its affiliate, First Security Benefit Life Insurance and Annuity Company of New York (FSBLIANY), collectively referred to as Security Benefit, to 'BBB-' from 'A'. The short-term IFS of SBLIC has also been downgraded to 'F3' from 'F1'. The ratings remain on Rating Watch ...

Fitch Downgrades Security Benefit Life Insurance Company (Fox News)
Fitch Downgrades Security Benefit Life Insurance Company

Free Life Insurance Policies to Benefit Children (FOX 6 News


Free Life Insurance Policies to Benefit Children (FOX 6 News Birmingham)
For some Birmingham families, it was a dream come true - free life insurance with no catch. The policies will cover fifty-thousand dollars toward a child's education if their parent dies. FOX6 News reporter Emily Luxen looks at why some say this could help the entire city of Birmingham...

Putting Your Life Policy in Someone Else's Hands (Washington Post)
Need money? Got a cash-value life insurance policy? Not feeling too well these days? You may be approached to sell your policy to an investor for cash up front. Maybe that's a good idea, but maybe not. You might part with a valuable policy unnecessarily and incur taxes you didn't expect.

Government to Continue With Controversial Intervention to Help Australia's Aborigines


Government to Continue With Controversial Intervention to Help Australia's Aborigines (Voice of America)
Australia's Labor government has promised to maintain a controversial policy aimed at protecting Aboriginal children in remote settlements, a year after police and troops were sent into indigenous camps. Aborigines have demonstrated against what they've described as "racist" policies.

Advanced Settlements, Inc. Now Offers Life Settlement CE Credits (PR Newswire via Yahoo! Finance)
Advanced Settlements, Inc., a national leader in the life settlement marketplace, announced the partnership with Success CE, a nationwide approved company that offers continuing educational credits that meet insurance credits in all 50 states.

One year on, Australian govt backs controversial Aboriginal policy (TODAYonline)
File photo shows Aboriginal children with their families at an encampment in Alice Springs. Australia's new government has vowed to maintain a controversial policy aimed at protecting Aboriginal children in remote settlements, a year after police and troops were sent into tribal areas

Covered for Life -- by a Stranger (Washington Post) Many


Covered for Life -- by a Stranger (Washington Post)
Many seniors sell their life-insurance policies to raise cash. When you (or a family member who may own the policy on your life) sell the insurance, the buyer becomes the owner and beneficiary. On your death, this stranger stops paying premiums and collects the death benefit.

Putting Your Life Policy in Someone Else's Hands (Washington Post)
Need money? Got a cash-value life insurance policy? Not feeling too well these days? You may be approached to sell your policy to an investor for cash up front. Maybe that's a good idea, but maybe not. You might part with a valuable policy unnecessarily and incur taxes you didn't expect.

Marine mom fights for daughter's life how to help INSURANCE ASSISTANCE (The Fredericksburg Free Lance-Star)
After 30 years in the Marine Corps, Stafford County woman faces the fight of her life: trying to save her daughter from a rare form of cancer

Free Life Insurance Policies to Benefit Children (FOX 6 News Birmingham)
For some Birmingham families, it was a dream come true - free life insurance with no catch. The policies will cover fifty-thousand dollars toward a child's education if their parent dies. FOX6 News reporter Emily Luxen looks at why some say this could help the entire city of Birmingham...

LIFE INSURANCE COST WILL STAY SAME, AGENTS WILL FEEL RISING


LIFE INSURANCE COST WILL STAY SAME, AGENTS WILL FEEL RISING COST, SAYS NAMLIFA CHIEF (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, June 19 (Bernama) -- The premium for life insurance won't be increased amid the rising cost of living, said S.K. Samy, president of National Association of Malaysian Life Insurance and Financial Advisors (NAMLIFA).

Get Peace of Mind, Get Life Insurance (Elk Grove Citizen)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

RUTH TO THE RESCUE: Retiring from driving could save a life (Detroit Free Press)
According to the Insurance Information Institute, most senior citizens say they believe they will know when they should stop driving. However, the institute has found it's often one of the most difficult decisions an older person can make alone. Ask trusted family members and friends how they think you're driving. It could help you save a life.

A Faster Way to Shop for Life Insurance (Carteret County News-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.

Get a life, and some cash, for life insurance policy


Get a life, and some cash, for life insurance policy (Worcester Telegram & Gazette)
Need money? Got a cash-value life insurance policy? Not feeling too well these days? You may be approached to sell your policy to an investor for cash upfront. Maybe that's a good idea, but maybe not. You might part with a valuable policy unnecessarily and incur taxes you didn't expect.

'Protection' The UN Theme Of World Refugee Day (Scoop.co.nz)
20 June 2008 - From recreations of refugee camp life in national capitals to film festivals, food bazaars and fashion shows, the United Nations High Commissioner for Refugees (UNHCR) is observing World Refugee Day today with a series of activities around the globe to draw attention to the plight faced by the displaced.

Australian Aboriginal children still vulnerable (Reuters via Yahoo! News)
Australian Aboriginal children remain vulnerable to sexual abuse a year after the government sent in police and soldiers to clean up their remote communities, the author of a report into the problem said on Friday.

Life Settlement Solutions to Provide Workshop at Annual Million Dollar Round Table Meeting (Centre Daily Times)
In response to financial professionals' need for knowledge about life settlements, Life Settlement Solutions, Inc. is offering a number of comprehensive educational tools as part of Life Settlement Awareness Month(TM).

Uganda: National Insurance to Raise Life Policy Rates (AllAfrica.com) THE


Uganda: National Insurance to Raise Life Policy Rates (AllAfrica.com)
THE National Insurance Corporation (NIC) has started a stakeholders' consultation aiming at raising the life policy interest rates to above 5% to counter the rising inflation rates, a senior official said last week.

New York Life Elects Jon Stenberg as Senior Vice President of Individual Retail Insurance (Business Wire via Yahoo! Finance)
NEW YORK----New York Life Insurance Company announced today that Jon Stenberg has joined the company as a senior vice president in the Individual Life Department, reporting to Senior Vice President Scott Berlin, the Department head.

Protective Life Announces Organizational Realignment for Life Insurance Distribution (wallstreet:online


Protective Life Announces Organizational Realignment for Life Insurance Distribution (wallstreet:online AG)
Protective Life Insurance Company (12751;NYSE:PL)today announced a realignment of responsibilities in its

Get Peace of Mind, Get Life Insurance (Elk Grove Citizen)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

ATA Delivers Counter Officer Qualification Exam to China Life Insurance Employees (PR Newswire via Yahoo! Finance)
ATA Inc. , the leading provider of computer-based testing services in China, announced today that it has successfully delivered Counter Officer Qualification Exam to China Life Insurance Company Limited .

A.M. Best Affirms Ratings of Kemper Investors Life Insurance Company


A.M. Best Affirms Ratings of Kemper Investors Life Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of A- and issuer credit rating of "a-" of Kemper Investors Life Insurance Company . KILICO is wholly owned by Kemper Corporation, a non-operating holding company, which is an indirect wholly owned subsidiary of Zurich Financial Services .

A.M. Best Affirms Ratings of ING's U.S. Life Insurance Entities (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-" for the key life insurance entities of ING Groep N.V.'s U.S. operations, ING USA .

Your Money: Base life insurance on your household situation (Juice)
QUESTION: My wife says we need $1 million of life insurance on me. Should I be worried? How do I know how much life insurance I need?

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

Judge Approves $11 Million Settlement In Virginia Tech Case (WXII-TV


Judge Approves $11 Million Settlement In Virginia Tech Case (WXII-TV Winston-Salem)
RICHMOND, Va. -- A judge has approved settlements between the state and most of the families of those killed that will avoid lawsuits over the mass shootings at Virginia Tech last year.

Life Settlement Solutions to Provide Workshop at Annual Million Dollar Round Table Meeting (Centre Daily Times)
In response to financial professionals' need for knowledge about life settlements, Life Settlement Solutions, Inc. is offering a number of comprehensive educational tools as part of Life Settlement Awareness Month(TM).

Life Partners Predicts Record Earnings (Centre Daily Times)
Life Partners Holdings, Inc. (NASDAQ GM: LPHI), parent company of Life Partners, Inc., today predicted record earnings as it issued guidance for its first fiscal quarter ended May 31, 2008. Life Partners expects to report first quarter earnings of approximately $0.52 per share compared with earnings of $0.40 per share last year. Results for the quarter are expected to show a 33% increase in ...

Life Partners 1Q profit jumps 32 percent (AP via Yahoo! Finance)
Life Partners Holdings Inc.'s fiscal first-quarter earnings rose 32 percent as it continued to limit its exposure to the turbulent financial and credit markets, the company said Monday.

A.M. Best Affirms Ratings of Investors Heritage Life Insurance Company


A.M. Best Affirms Ratings of Investors Heritage Life Insurance Company (Centre Daily Times)
A.M. Best Co. has affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of "bbb-" of Investors Heritage Life Insurance Company (Investors Heritage Life). Concurrently, A.M. Best has affirmed the ICR of "bb-" of its holding company, Kentucky Investors, Inc. (KINV.OB). The outlook for all ratings is stable.

An Easy Way To Save 65% On Your Life Insurance (The Motley Fool)
Find out the trick to cheap life insurance here...

More Life Insurance Firms To Begin Operations In India -


More Life Insurance Firms To Begin Operations In India - Fin Min (Nasdaq)
BANGALORE -(Dow Jones)- Six new life insurance firms are set to launch operations in India to take advantage of a growing market, Finance Minister P. Chidambaram said Monday.

Major Life Change? You Need Insurance (The Bradford Era)
(ARA) - When people undergo a major life change it can be exciting, but it can also be scary. Maybe you recently got a new job and need to move to a new state. Perhaps you got married and are starting a new life together. Possibly you purchased your first car or even your first home.

Recent Asahi Mutual Life Insurance Company News (Japan Corporate News)
Tokyo, June 16, 2008 (Jiji Press) - Asahi Mutual Life Insurance Co. plans to start selling insurance products through banks during fiscal 2009-2011, incoming President Yoshiki Sato has said in a recent interview with Jiji Press.

Rice criticizes Israel on West Bank settlements (Public Opinion) RAMALLAH,


Rice criticizes Israel on West Bank settlements (Public Opinion)
RAMALLAH, West Bank Secretary of State Condoleezza Rice criticized Israeli settlement activity in exceptionally harsh language on Sunday, saying new construction projects on disputed land were having a "negative effect" on Mideast peace talks.

Weigh facts on life settlements (Deseret Morning News)
Many seniors are using life-insurance policies to raise cash. If you, too, are considering selling a policy through a life-settlement broker, consider the following questions:

Guardian Life Insurance Company of America announces executive changes (Insurance


Guardian Life Insurance Company of America announces executive changes (Insurance Business Review)
The Guardian Life Insurance Company of America has announced the promotion of three officers to new roles and the elevation of a fourth to its board of directors. Rone Baldwin, an executive vice president in charge of Guardians group insurance business, has been named as the executive vice president and COO of the company.

MIB Life Index Reports North American Life Insurance Activity Down 2.4% in May (PR Newswire via Yahoo! Finance)
North American application activity for individually underwritten life insurance was off -2.4% in May, year-over-year, according to the MIB Life Index. Year-to-date U.S. and Canadian application activity was off -2.1% compared to the same period last year.

A.M. Best Affirms 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.

Get Peace of Mind, Get Life Insurance (Elk Grove Citizen)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

Wall Street's Latest Darling: Life Insurance Settlements (E-Commerce Times) Many


Wall Street's Latest Darling: Life Insurance Settlements (E-Commerce Times)
Many of us have never heard of life insurance settlements. Actually, they have been around for several decades and have become quite popular among investors like Credit Suisse, Deutsche Bank, Berkshire Hathaway and hedge funds. In fact, the annual cash volume of life insurance settlements in the U.S. today exceeds $10 billion and is constantly growing.

MIB Life Index Reports North American Life Insurance Activity Down 2.4% in May (PR Newswire via Yahoo! Finance)
North American application activity for individually underwritten life insurance was off -2.4% in May, year-over-year, according to the MIB Life Index. Year-to-date U.S. and Canadian application activity was off -2.1% compared to the same period last year.

Firm to pay $25m in club fire settlement (Boston Globe)


Firm to pay $25m in club fire settlement (Boston Globe)
PROVIDENCE A company that made insulation used in a Rhode Island nightclub that burned down five years ago has agreed to pay $25 million to the survivors of the fire and relatives of the 100 people killed. The settlement with Sealed Air Corp. , a company based in Elmwood Park, N.J., was disclosed in court papers yesterday. It is the ...

A.M. Best Affirms Ratings of Symetra Financial and Its Subsidiaries (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 Symetra Life Insurance Company and its subsidiary, First Symetra National Life Insurance Company of New York.

Guardian Life Insurance Company of America announces executive changes (Insurance


Guardian Life Insurance Company of America announces executive changes (Insurance Business Review)
The Guardian Life Insurance Company of America has announced the promotion of three officers to new roles and the elevation of a fourth to its board of directors. Rone Baldwin, an executive vice president in charge of Guardians group insurance business, has been named as the executive vice president and COO of the company.

Get Peace of Mind, Get Life Insurance (Carteret County News-Times)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

A.M. Best Affirms 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.

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

Lower premium tax won"t guarantee more investments in life insurance


Lower premium tax won"t guarantee more investments in life insurance products (GMA News)
MANILA, Philippines - Slashing the premium tax to 2% from 5% will not guarantee that more people will begin investing in life insurance, a tax study group at the Senate said.

Insurance cut riles Chrysler retirees (Detroit News)
Retired Chrysler salaried workers are angry that a one-time company pension payment -- offered when the automaker eliminated life insurance -- buys them little in the way of death benefits.

Liberia: American Volunteer Helps Locals Realize a Better Life (AllAfrica.com)


Liberia: American Volunteer Helps Locals Realize a Better Life (AllAfrica.com)
"Liberia is the kind of country I wanted to come to as an American to be of assistance," development specialist Conor D. Hartman says.

Villagers protest Mahakali dam project (HT via Yahoo! India News)
Bordering Nepal, the Saryu river valley where Mahakali Dam is proposed, in consequence with an agreement rendered with Nepal, is one of the most fertile tracts of Kumaon. Despite the life being self-sufficient here, this region is deprived of elementary infrastructure like roads, transport, communication etc.

Strickland signs life-insurance settlement bill (BizJournals) A measure that tightens


Strickland signs life-insurance settlement bill (BizJournals)
A measure that tightens state law governing the method of buying life insurance policies from consumers will take effect in September after garnering Gov. Ted Strickland's signature Wednesday.

Fort Dearborn Life Insurance Company Rated Among the Strongest Life Insurers in the United States (Marketwire via Yahoo! Finance)
Fort Dearborn Life Insurance Company was rated "A" by TheStreet.com Ratings, Inc., formerly Weiss Ratings.(1)

Low Cost Life Insurance? It's Online (Elk Grove Citizen)
(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.

Rural Postal Life Insurance bonus stands enhanced (New Kerala) New


Rural Postal Life Insurance bonus stands enhanced (New Kerala)
New Delhi, June 9 : Rural Postal Life Insurance (RPLI) bonus for the most popular scheme Endowment Assurance (E.A.) stands enhanced from Rs. 50 to Rs. 55 for every Rs. 1000 of sum assured, if the policy term exceeds ten years and from Rs. 50 to Rs. 52 for every Rs. 1000 of sum assured, if the policy term is up to ten years.

Birla Sun Life Insurance launches new product (Business Standard India)
Birla Sun Life Insurance (BSLI), today said it has launched a new product called Birla Sun Life Insurance Platinum Plus aimed at reducing investment risk and optimising returns.

Life insurance cos see value buying as FIIs exit (The Hindu)
Among the domestic institutional investors, LIC has been the biggest buyer, followed by ICICI Prudential Life Insurance. Life insurance cos have better cash position and lesser fear of redemptions compared to mutual funds.

Rural Postal Life Insurance bonus hiked (Deepika)
New Delhi, Jun 9 (UNI) The Department of Posts (DoP) today said it has increased the bonus paid to its Rural Postal Life Insurance (RPLI) subscribers for Endowment Assurance (EA) scheme from Rs 50 to Rs 55 for every Rs 1,000 of sum assured for policy term exceeding 10 years.

The New, New City (NYTimes.com via Yahoo! Finance) Shenzhen and


The New, New City (NYTimes.com via Yahoo! Finance)
Shenzhen and Dubai may have outstripped Paris and New York as civic models. But can an instant city ever feel like the real thing?

MYANMAR: Local citizens take the initiative in cyclone-hit south (IRIN)
BANGKOK, 10 June 2008 (IRIN) - Five days after Cyclone Nargis battered Myanmar's Ayeyarwady Delta, Win Aung, a lecturer in Yangon, the former capital, drove to the outskirts of the city to see whether the rumours of massive destruction in rural areas were true.

Institutional Life Services and Institutional Life Administration Hire CEO (PR Newswire via Yahoo! Finance)
Institutional Life Services, LLC, and Institutional Life Administration, LLC, , companies newly created by Goldman Sachs, National Financial Partners and Genworth Financial today announced Andrew D.

Bonus for Rural Postal Life Insurance subscribers (Business Standard India)


Bonus for Rural Postal Life Insurance subscribers (Business Standard India)
The Department of Posts has today announced an enhancement in the bonus paid to its Rural Postal Life Insurance (RPLI) subscribers which will be Rs five more than the existing Rs 50.

Companion Life Insurance Co. Acquires International Specialty Underwriters (PR Newswire via Yahoo! News)
Companion Life Insurance Co. of Columbia, S.C., announced today that it has purchased Jacksonville, Fla.-based International Specialty Underwriters (ISU), a managing general underwriter of stop loss coverage for employer health plans.

Get Peace of Mind, Get Life Insurance (Carteret County News-Times)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

China Post Group gets go-ahead to set up life insurance


China Post Group gets go-ahead to set up life insurance company (People's Daily)
China Post Group, the business entity in charge of mail, delivery services and postal saving banks, has been approved by the country's insurance regulator to set up a life insurance company. Feng Xinsheng, executive deputy general m ...

Low Cost Life Insurance? It's Online (Elk Grove Citizen)
(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.

Pet insurance rarely needed, experts say (Fort Wayne Journal Gazette)
Fido might be as beloved as one of your children, but should you shell out hundreds of dollars a year for puppy insurance just in case he needs an expensive life-extending operation?

SBI Life to launch health insurance product by July end (Business Standard India)
SBI Life Insurance, a joint venture between the State Bank of India (SBI) and BNP Paribas Assurance, plans to launch a health insurance product by the end of July, 2008. The company has filed for the product with the insurance regulator and is awaiting its approval.

Israeli settlements: Light in the darkness (WorldNet Daily) On Sunday,


Israeli settlements: Light in the darkness (WorldNet Daily)
On Sunday, June 1, Israel announced plans to build over 800 homes in Jerusalem. And the international community proceeded to go ballistic. "Our position on the settlements is that we don't believe that any more settlements should be built," said White House press secretary Dana Perino.

Archeologists invite public to a first nations dig (Vancouver Sun)
Grab your brown fedora: A unique archeological dig on the Sunshine Coast will give members of the public a chance to become real-life Indiana Jones clones.

$210,000 grant for Uganda project (The Union)
The Nevada City Rotary Club has received a $210,000 grant that will be used to provide clean drinking water and establish goat herds for the Batwa pygmies in Uganda.

China Post Group to set up life insurance company (China


China Post Group to set up life insurance company (China Daily)
TIANJIN -- China Post Group, the business entity in charge of mail, delivery services and postal saving banks, has been approved by the country's insurance regulator to set up a life insurance company.

Get Peace of Mind, Get Life Insurance (The Bradford Era)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

ING Vysya Life to enter micro-insurance (Business Standard India) ING


ING Vysya Life to enter micro-insurance (Business Standard India)
ING Vysya Life, the private insurance company, plans to enter the micro-insurance sector. It has filed for the product with the Insurance Regulatory Development Authority (IRDA) and is awaiting its approval for launching the product.

Low Cost Life Insurance? It's Online (Carteret County News-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.

Amish Outhouses At Issue In Dispute (The Morning News) EBENSBURG,


Amish Outhouses At Issue In Dispute (The Morning News)
EBENSBURG, Pa. -- Amish farmer Andy Swartzentruber is determined to live the simple life of his forefathers, plowing his field with a horse-drawn tractor, getting around in a horse-drawn buggy and offering eggs for sale to help support his family.

Life Settlement Awareness Month Offers Industry Panel and Continuing-Education Course (Centre Daily Times)
With Life Settlement Awareness Month(TM) underway, financial professionals have the chance to take part in interactive educational events focused on life settlements and the secondary market for life insurance.

For some, rebuilding slowed by arguments over settlements (Buffalo Reflex)
Above is a view today of where the Savas home once stood. Following the storm, the Savas family finally decided to tear down the structure. The family is still trying to reach a settlement with its insurance company.

Settlements blur road map to peace (Sydney Morning Herald)
LIKE most people everywhere, residents in the eastern Jerusalem suburb of Har Homa care more about making ends meet than politics, writes Jason Koutsoukis.

Term Life Insurance Rate War (The Bradford Era) (ARA) -


Term Life Insurance Rate War (The Bradford Era)
(ARA) - If you have been thinking about buying term life insurance, now's a great time to start shopping because life insurance companies are competing for the lowest term life insurance rates. Rates are expected to continue to decrease throughout 2008.

Low Cost Life Insurance? It's Online (Carteret County News-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.

Fitch Places Genworth's L-T Holding Co. Rating on Watch Negative; Life Insurance Rtgs Not Impacted (Centre Daily Times)
Fitch Ratings has placed Genworth Financial, Inc.'s (NYSE: GNW) 'A+' Issuer Default Rating (IDR) and outstanding long-term debt ratings on Rating Watch Negative. There was no action on GNW's 'F1' short-term ratings nor life insurance operations (Insurer Financial Strength (IFS) rated 'AA-' by Fitch.) See detailed ratings actions listed below.

The Chilean Insurance Industry Report Provides Insightful Analysis Into the Life and Non-Life Insurance Industries in ... (Centre Daily Times)
Research and Markets (http://www.researchandmarkets.com/reports/c93945) has announced the addition of "Chilean Insurance Industry - Global Strategic Business Report" to their offering.

Birmingham, MassMutual to offer free life insurance to low-income families


Birmingham, MassMutual to offer free life insurance to low-income families (BizJournals)
MassMutual Financial Group and the city of Birmingham are offering eligible families free, 10-year $50,000 term life insurance policies to pay for educational expenses for dependent children.

Life Settlement Awareness Month(TM) to Feature Advanced Strategies Webinar (Centre Daily Times)
Many financial professionals interested in the growing life-settlement industry have encountered difficulty when searching for quality educational sources focused on the secondary market for life insurance.

Pan-American Life Insurance Group Sponsors The Baroque World of Fernando Botero Exhibition (Business Wire via Yahoo! Finance)
NEW ORLEANS----Pan-American Life Insurance Group announced today their endowment to support the community-wide Botero exhibition, "The Baroque World of Fernando Botero," at the New Orleans Museum of Art , as the signature sponsor through its commitment to the state of Louisiana and the Latin American community.

Get Peace of Mind, Get Life Insurance (Elk Grove Citizen)


Get Peace of Mind, Get Life Insurance (Elk Grove Citizen)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

Dabur Group To Tie-Up With Liberty Mutual Group To Promote Non-Life Insurance Biz (Nasdaq)
(RTTNews) - The promoters of Dabur group are planning to tie-up with Boston-based diversified insurer, Liberty Mutual Group, to form a non-life insurance company christened Dabur Liberty General Insurance Company.

Life insurance premiums in Bahrain to rise by 13% (Zawya)
04 June 2008 Life insurance premiums are set to increase by 13 per cent annually, reflecting rising demand and a growing population, Business Monitor International (BMI) said in its Bahrain Insurance Report 2008.

Your Money Team: Can I sell my life insurance? (The Des Moines Register)
Q: I heard you can sell a life insurance policy to get cash before you die. Is this true and if so, how does it work?

Ross Bridge Sells 500 Homes in 31 Months (PRWeb via


Ross Bridge Sells 500 Homes in 31 Months (PRWeb via Yahoo! News)
Ross Bridge Birmingham Alabama's hottest selling new home community - celebrates their 500th settlement in a mere 31 months from their first settlements in November of 2005.

Life Settlement Awareness Month Offers Industry Panel and Continuing-Education Course (Centre Daily Times)
With Life Settlement Awareness Month(TM) underway, financial professionals have the chance to take part in interactive educational events focused on life settlements and the secondary market for life insurance.

About New York: DNA Test Offers Inmate a Chance at Freedom After 16 Years (New York Times)
Everton Wagstaffe has waged an unyielding campaign to clear himself of involvement in the death of a teenage girl in 1992 in East New York, Brooklyn.

Amish Outhouses At Issue In Dispute (The Morning News)
EBENSBURG, Pa. -- Amish farmer Andy Swartzentruber is determined to live the simple life of his forefathers, plowing his field with a horse-drawn tractor, getting around in a horse-drawn buggy and offering eggs for sale to help support his family.

Your Money Team: Can I sell my life insurance? (The


Your Money Team: Can I sell my life insurance? (The Des Moines Register)
Q: I heard you can sell a life insurance policy to get cash before you die. Is this true and if so, how does it work?

A.M. Best Affirms Ratings of The Empire Life Insurance Company (Centre Daily Times)
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) and issuer credit rating (ICR) of "a" of The Empire Life Insurance Company (Empire Life) (Kingston, Ontario, Canada). The outlook for both ratings is stable.

Burmans, Liberty Mutual tie up for non-life insurance JV (Business Standard India)
The Burman family, promoters of the Dabur Group, and the US-based Liberty Mutual Group on Monday joined hands to set up a non-life insurance venture in India.

Rural life insurance to grow 4-fold by 2015 (Business Standard


Rural life insurance to grow 4-fold by 2015 (Business Standard India)
The country's under-utilised rural market holds tremendous growth opportunities for life insurance companies with their revenues expected to grow as much as four times to reach Rs 7,800 crore ($2.9 billion) by 2015, a latest report says.

Dabur to form non-life insurance JV with Liberty Mutual (The Hindu)
NEW DELHI: Homegrown FMCG major Dabur Group on Monday announced it would enter non-life insurance sector in alliance with US-based general insurer Liberty Mutual Group to cash in on the rapidly growing income of the country's middle class.

Standard Life planning beyond insurance (The Globe and Mail)
Sandy Crombie doesn't want people to think of Standard Life PLC as an insurer. The 59-year-old chief executive officer with a dry sense of humour has spent 41 years at the Scottish firm. It was founded in 1825, and he thinks it's about time the firm had an image makeover.

Dabur to form non-life insurance JV (The Hindu)
NEW DELHI: FMCG major Dabur Group on Monday announced it would enter the non-life insurance sector in alliance with U.S.-based general insurer Liberty Mutual Group to cash in on the rapidly growing income of the country s middle class. ...

Beauvoir home returns to its original 1852 glory (The Charlotte


Beauvoir home returns to its original 1852 glory (The Charlotte Observer)
The post-Katrina restoration of Beauvoir House, the 1852 National Historic Landmark in Biloxi, Miss., is remarkable but not just because the exacting work was accomplished in a year's time. The biggest attention-getter is an appearance that harkens to the days when U.S. statesman and Confederate President Jefferson Davis lived there. Modern trappings are gone, except the necessities of utilities ...

Amish Outhouses At Issue In Dispute (The Morning News)
EBENSBURG, Pa. -- Amish farmer Andy Swartzentruber is determined to live the simple life of his forefathers, plowing his field with a horse-drawn tractor, getting around in a horse-drawn buggy and offering eggs for sale to help support his family.

Life Settlement Awareness Month Offers Industry Panel and Continuing-Education Course (Centre Daily Times)
With Life Settlement Awareness Month(TM) underway, financial professionals have the chance to take part in interactive educational events focused on life settlements and the secondary market for life insurance.

Bassam Abu Sharif: Memo to President Bush (Middle East Times)
The failure to achieve peace in the Middle East will create a vacuum that will be filled by extremism. I first wrote a proposal for peace in the Middle East in 1988. The proposal was published in the New York Times, The Wall Street Journal, The Washington Post and other major U.S. newspapers.

After Caesareans, Some See Higher Insurance Cost (NYTimes.com via Yahoo!


After Caesareans, Some See Higher Insurance Cost (NYTimes.com via Yahoo! Finance)
With individual insurance, prices differ based on medical histories; a past Caesarean can mean higher premiums.

Get Peace of Mind, Get Life Insurance (Carteret County News-Times)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

Term Life Insurance Rate War (Carteret County News-Times)
(ARA) - If you have been thinking about buying term life insurance, now's a great time to start shopping because life insurance companies are competing for the lowest term life insurance rates. Rates are expected to continue to decrease throughout 2008.

Major Life Change? You Need Insurance (Richfield Reaper)
(ARA) - When people undergo a major life change it can be exciting, but it can also be scary. Maybe you recently got a new job and need to move to a new state. Perhaps you got married and are starting a new life together. Possibly you purchased your first car or even your first home.

Get Peace of Mind, Get Life Insurance (Carteret County News-Times)


Get Peace of Mind, Get Life Insurance (Carteret County News-Times)
(ARA) - Life can be unpredictable. As you plan for the future, it's a good idea to have all your financial bases covered. One thing that can provide some peace of mind: a life insurance policy.

The Hartford s life business split into 4 subgroups (Journal Inquirer)
The Hartford Financial Services Group s Simsbury-based life insurance operation is about to undergo a realignment that will divide the operation into four groups, company officials said Thursday.

Major Life Change? You Need Insurance (The Bradford Era)
(ARA) - When people undergo a major life change it can be exciting, but it can also be scary. Maybe you recently got a new job and need to move to a new state. Perhaps you got married and are starting a new life together. Possibly you purchased your first car or even your first home.

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