Latest Life Insurance Settlements News Update August 31, 2008 at 07:55 PM

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Getting the OK on life policy takes some time (The


Getting the OK on life policy takes some time (The Cincinnati Enquirer)
Question: I recently bought a life-insurance policy and wound up paying for two months before I was actually covered by the policy. Is this fair?

BIR order will hike insurance cost (GMA News)
MANILA, Philippines - Insurers are warning of higher premiums after the Bureau of Internal Revenue (BIR) insisted on a P15 documentary stamp tax (DST) on certificates issued to employees covered by a group life insurance policy.

Kotak cuts insurance cost, others to follow (Hindustan Times)
Kotak Life Insurance on Thursday announced the reduction in the cost of its normal term plan by 34 per cent and by 18 per cent on its preferred term plan.

Life insurance premiums in China expand 67% in first 7 months (People's Daily)
Life insurance companies in China, both domestic and foreign-funded, collected 481.89 billion yuan (70.55 billion U.S. dollars) in premiums in the first seven months of this year, up 66.7 percent year-on-year, the China Insurance Regulatory Commission (CIRC) said on Thursday. The growth rate was 2.3 percentage points higher than in the first half alone, it said. In terms of life insurance ...

How McCain and Obama match up on top issues (Independent


How McCain and Obama match up on top issues (Independent Online)
Here are the positions of Democratic White House hopeful Barack Obama and his Republican rival John McCain on some of the main issues in the US presidential campaign...

Inequities Are Killing People On A "Grand Scale" Reports WHO's Commission (Medical News Today)
A child born in a Glasgow, Scotland suburb can expect a life 28 years shorter than another living only 13 kilometers away. A girl in Lesotho is likely to live 42 years less than another in Japan. In Sweden, the risk of a woman dying during pregnancy and childbirth is 1 in 17,400; in Afghanistan, the odds are 1 in 8. Biology does not explain any of this.

Was Superman born in Cleveland? A new plot twist in superhero's origins (Detroit Free Press)
On the night of June 2, 1932, the world's first superhero was born -- not on the mythical planet of Krypton but from a little-known tragedy on the streets of Cleveland.

A brave man takes on a lonely peace mission in 1758 (Pittsburgh Tribune-Review)
On Aug. 31, 1758, Christian Frederick Post was the loneliest man in Pennsylvania. Post was a humble 48-year-old furniture joiner and Moravian missionary in the middle of a life-defining challenge.

Save Up To 5000 With Low-Cost Life Insurance (The Motley


Save Up To 5000 With Low-Cost Life Insurance (The Motley Fool)
If your finances are stretched but you need life insurance, try these low-cost alternatives.

Getting the OK on life policy takes some time (The Cincinnati Enquirer)
Question: I recently bought a life-insurance policy and wound up paying for two months before I was actually covered by the policy. Is this fair?

Life insurance premiums in China expand 67% in first 7 months (People's Daily)
Life insurance companies in China, both domestic and foreign-funded, collected 481.89 billion yuan (70.55 billion U.S. dollars) in premiums in the first seven months of this year, up 66.7 percent year-on-year, the China Insurance Regulatory Commission (CIRC) said on Thursday. The growth rate was 2.3 percentage points higher than in the first half alone, it said. In terms of life insurance ...

Life insurance premiums in China expand 67% in first 7


Life insurance premiums in China expand 67% in first 7 months (People's Daily)
Life insurance companies in China, both domestic and foreign-funded, collected 481.89 billion yuan (70.55 billion U.S. dollars) in premiums in the first seven months of this year, up 66.7 percent year-on-year, the China Insurance Regulatory Commission (CIRC) said on Thursday. The growth rate was 2.3 percentage points higher than in the first half alone, it said. In terms of life insurance ...

Protective Announces Webcast of Richard Bielen's Presentation at Insurance Conference (Centre Daily Times)
Protective Life Corporation (NYSE:PL) today announced that Richard J. Bielen, Vice Chairman and Chief Financial Officer of the Company, will be presenting at the Keefe, Bruyette & Woods Insurance Investors Conference being held in New York City, NY. Mr. Bielen's presentation will be September 3 at 4:25 p.m. Eastern.

Fort Dearborn Life Insurance appoints new CEO (Insurance Business Review)
Fort Dearborn Life Insurance Company has named Anthony Trani as the new president and CEO of the company. He replaces the retiring president Larry Newsom.

Aflac spent $880,000 in second quarter to lobby government on insurance, other issues (Canadian Business)
WASHINGTON (AP) - Health and life insurer Aflac Inc. spent $880,000 lobbying in the second quarter on long-term care insurance, retirement security and other issues, according to a recent disclosure report.

Google, Verizon Sued Over "Visual Voicemail" (WebProNews) Judah Klausner is


Google, Verizon Sued Over "Visual Voicemail" (WebProNews)
Judah Klausner is on quite a roll; he seems to have won settlements from Apple, AOL, and Vonage following a series of lawsuits over the last few years. And now Klausner, through the company Klausner Technologies, is going after Google, Verizon, and LG. read more

Kilpatrick: Gov won't give me fair shake (Detroit News)
In a last-ditch effort to stop Wednesday's removal hearing, Mayor Kwame Kilpatrick has sued Gov. Jennifer Granholm, alleging the governor -- who would serve as both his judge and jury -- is biased against him.

Sustaining growth through better natural disaster management Vinod Thomas and Bert Hofman (ABS-CBNNEWS.com)
The recent escalation of damages from disasters is linked to man-made causes rather than natural ones -- especially land use patterns, environmental degradation, and climate change.

(AFX UK Focus) 2008-08-29 07:28 Aegon, Caixa Terrasse in insurance


(AFX UK Focus) 2008-08-29 07:28 Aegon, Caixa Terrasse in insurance joint venture (Interactive Investor)
AMSTERDAM, Aug 29 (Reuters) - Dutch insurer Aegon NV said on Friday it is buying 50 percent of the insurance business of Spain's Caixa Terrassa for 190 million euros ($281 million) as it seeks newer markets to fuel growth. The Caixa Terrassa Vida joint venture, focused on life insurance, pension and health insurance services, will make Aegon the sixth largest life insurer in Spain, the company ...

Fort Dearborn Life Insurance appoints new CEO (Insurance Business Review)
Fort Dearborn Life Insurance Company has named Anthony Trani as the new president and CEO of the company. He replaces the retiring president Larry Newsom.

(AFX UK Focus) 2008-08-29 10:32 UPDATE 1-Aegon, Caixa Terrasse in insurance joint venture (Interactive Investor)
AMSTERDAM, Aug 29 (Reuters) - Dutch insurer Aegon said on Friday it was buying 50 percent of the insurance business of Spain's Caixa Terrassa for 190 million euros ($281 million) as it seeks new markets to fuel growth. The Caixa Terrassa Vida joint venture, focused on life insurance, pension and health insurance services, will make Aegon the sixth-largest life insurer in Spain, the company ...

Life Insurance Mergers Create Management Recruiting Frenzy (PR Newswire via Yahoo! Finance)
OBSNews.com -- Mergers and acquisitions have long dominated U.S. business headline, and life insurance company mergers have been among the most noteworthy.

Fort Dearborn Life Insurance appoints new CEO (Insurance Business Review)


Fort Dearborn Life Insurance appoints new CEO (Insurance Business Review)
Fort Dearborn Life Insurance Company has named Anthony Trani as the new president and CEO of the company. He replaces the retiring president Larry Newsom.

Court Favors Pinault s Artemis in Insurance Suit (New York Times)
A United States appeals court threw out a $241 million restitution award against France s Artemis , which sprang from a lawsuit over the purchase of assets from the failed Executive Life Insurance Company , and ordered a retrial of the damages phase.

Retiree celebrates 75th touring Mediterranean island (The Pantagraph) CALTAGIRONE, Sicily


Retiree celebrates 75th touring Mediterranean island (The Pantagraph)
CALTAGIRONE, Sicily -- May 13, 2008, was a special date for Bill Vaughn of the Twin Cities.

Rice criticises Israeli settlements (Channel 4)
With hopes fading for brokering an Israeli-Palestinian peace deal by the year's end, US Secretary of State Condoleezza Rice offered few signs of progress on Tuesday, saying only that talks are "serious" and again chiding Israel for continuing settlement construction.

China Life Insurance to explore investment overseas (Channel NewsAsia) BEIJING:


China Life Insurance to explore investment overseas (Channel NewsAsia)
BEIJING: China's leading life insurance company says it is exploring investment opportunities overseas as it warns of tough times ahead. China Life Insurance says it expects the domestic-A share market to decline further in the second half of the year.

Court Favors Pinault?s Artemis in Insurance Suit (New York Times)
A U.S. appeals court threw out a $241 million restitution award against France?s Artemis SA linked to the purchase of assets from the failed Executive Life Insurance Company of California.

China Life says profit down 32 percent (AP via Yahoo!


China Life says profit down 32 percent (AP via Yahoo! Finance)
China Life Insurance Ltd., the country's biggest life insurer, said Tuesday its first-half profits fell 32 percent from the year-earlier period as a plunge in Chinese stocks dragged down its investment income.

China Life says profit falls 32 percent (AP via Yahoo! Malaysia News)
China Life Insurance Ltd., the country's biggest life insurer, said Tuesday its first-half profit fell 32 percent from the same period last year due to a steep drop in the country's stock markets.

Judge: Bank has claim to Boesen's life insurance (The Altoona Herald-Mitchellville Index)
A Sioux Falls, S.D., bank has the right to collect about $3 million in life insurance benefits intended for Ed Boesen's widow, a Polk County judge ruled Monday.

Kumho Life Insurance Plans To Go Public This Year (Nasdaq)
SEOUL -(Dow Jones)- South Korea's Kumho Life Insurance plans to go public this year and is aiming to raise KRW300 billion-KRW500 billion from the securities market, a company official said Monday.

FACTBOX-Tax-exempt US groups aid W. Bank settlers (AlertNet) Source: Reuters


FACTBOX-Tax-exempt US groups aid W. Bank settlers (AlertNet)
Source: Reuters Aug 25 (Reuters) - Despite its stated policy against settlement growth, the United States grants tax-exempt status to organisations that openly raise money to aid Jewish settlers in the occupied West ...

Magpies of the Outback reign supreme (Adelaide Now)
FOOTBALL'S first flag in the 2008 premiership season was won here on Saturday ? in the most remote league in Australia, spread across the APY Lands in the far north-west of South Australia.

Ceylinco Insurance - General records impressive figures in first half


Ceylinco Insurance - General records impressive figures in first half (Daily News)
Ceylinco Insurance General announced a massive growth during the second quarter, recording a mammoth premium of Rs 5.8 b in General Insurance. During the same period, Ceylinco Insurance Life recorded a premium income of Rs 3.9 billion.

Life insurance may be one way God provides (Seattle Post-Intelligencer)
Dear Dr. Graham: I sell life insurance for a living, and the other day a man told me he didn't need any kind of insurance because the Bible says God will take care of him and his family. Is he right?

San Francisco Bay Area Insurance Agency of MassMutual Financial Group Expands to 100 Financial Services Agents to Meet ... (Centre Daily Times)
The San Francisco Bay Area Insurance Agency LLC, a Massachusetts Mutual Life Insurance Company (MassMutual) General Agency, announced today that it has grown its roster of financial services agents to 100, spread between its Walnut Creek, San Francisco, Roseville and Fremont offices. Reaching the milestone of 100 agents by 2008 had been a goal set by General Agent Robert Fakhimi three years ago.

Insurance firms req'd to raise their capital (Philippine Star via Yahoo! Philippines News)
The Insurance Commission (IC) has released a draft department order that increases the new minimum capital requirements on all insurance, life, non-life and reinsurance firms.

Demand for life insurance products surge in Bahrain (MENAFN) Demand


Demand for life insurance products surge in Bahrain (MENAFN)
Demand for life insurance products surge in Bahrain

Is umbrella liability insurance for you? (CNN.com)
CHICAGO, Illinois (AP) -- Most Americans have auto insurance, health insurance, dental insurance, homeowners or renters insurance, life insurance, maybe disability insurance.

Free Life Insurance (WGRZ-TV Buffalo)
Some Queen City families who aren't able to afford life insurance can now receive coverage free of charge. Buffalo Mayor Byron Brown joined representatives from Mass Mutual Insurance Tuesday at the JFK Community Center.

Life Insurance (ThirdAge)
How do you know when buying life insurance is really worth it? Is there some formula out there that can help me figure it out?

Life insurance may be one way God provides (Seattle Post-Intelligencer)


Life insurance may be one way God provides (Seattle Post-Intelligencer)
Dear Dr. Graham: I sell life insurance for a living, and the other day a man told me he didn't need any kind of insurance because the Bible says God will take care of him and his family. Is he right?

A.M. Best Affirms Financial Strength Rating of Colonial Life Insurance Company (Trinidad); Downgrades Issuer Credit ... (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of B++ and downgraded the issuer credit rating to bbb from bbb+ of Colonial Life Insurance Company Limited .

Free Life Insurance (WGRZ-TV Buffalo)
Some Queen City families who aren't able to afford life insurance can now receive coverage free of charge. Buffalo Mayor Byron Brown joined representatives from Mass Mutual Insurance Tuesday at the JFK Community Center.

Demand for life insurance products surge in Bahrain (MENAFN)
Demand for life insurance products surge in Bahrain

Anti-India sentiment grows amid Kashmir unrest (AP via Yahoo! Philippines


Anti-India sentiment grows amid Kashmir unrest (AP via Yahoo! Philippines News)
The crowd's hostility was unmistakable.

Anti-India sentiment grows amid Kashmir unrest (USA Today)
The crowd's hostility was unmistakable. Each time they passed Indian soldiers, thousands chanted the name of one of South Asia's most violent Islamic groups.

IDBI Fortis Life Insurance opens branch in Vijayawada (New Kerala)


IDBI Fortis Life Insurance opens branch in Vijayawada (New Kerala)
Hyderabad, Aug 21 : IDBI Fortis Life Insurance Limited, which has embarked on an aggressive drive to open 100 branches across the country during this fiscal, has formally launched their branch in Vijayawada.

Demand for life insurance products surge in Bahrain (MENAFN)
Demand for life insurance products surge in Bahrain

A.M. Best Affirms Financial Strength Rating of Colonial Life Insurance


A.M. Best Affirms Financial Strength Rating of Colonial Life Insurance Company (Trinidad); Downgrades Issuer Credit ... (Centre Daily Times)
A.M. Best Co. has affirmed the financial strength rating (FSR) of B++ (Good) and downgraded the issuer credit rating (ICR) to "bbb" from "bbb+" of Colonial Life Insurance Company (Trinidad) Limited (CLICO) (Trinidad & Tobago). The outlook for both ratings is stable. CLICO is an insurance member company of CL Financial Limited, a diversified holding company based in Trinidad and Tobago.

Demand for life insurance products surge in Bahrain (MENAFN)
Demand for life insurance products surge in Bahrain

Sanjaya appears in Nationwide Insurance commercial (Fort Worth Star-Telegram)
Former "American Idol" contestant Sanjaya Malakar is pitching Nationwide Insurance. He's in a new ad that's part of the company's "Life Comes at You Fast" campaign. He says he thinks the ad is "really funny" and he knows from personal experience life comes at you fast. He says he went from being an unknown singer to appearing before of millions of people as an "American Idol" contestant, and ...

Cop jailed for life over execution (The National) A POLICEMAN


Cop jailed for life over execution (The National)
A POLICEMAN in East New Britain was jailed for life last week after being found guilty by the National Court of shooting another man several times at close range outside a nightclub in Kokopo four years ago.

Retiree celebrates 75th touring Mediterranean island (The Pantagraph)
CALTAGIRONE, Sicily -- May 13, 2008, was a special date for Bill Vaughn of the Twin Cities.

Walk on water (BBC News)
Think bridges are built just to cross water? Think again

Donnie Wahlberg Says Life Insurance is a No-Brainer, Encourages Americans


Donnie Wahlberg Says Life Insurance is a No-Brainer, Encourages Americans to Assess Their Needs (PR Newswire via Yahoo! Finance)
This September, singer, actor and producer Donnie Wahlberg will urge millions of Americans to make sure their financial plans have the "right stuff."

Gender Gap Exists in Adequate Life Insurance Coverage Despite Greater Financial Concerns among Women, According to ... (Business Wire via Yahoo! Finance)
NEW YORK----Despite heightened financial concerns for their families' futures, working women are less likely than men to have adequate life insurance coverage. The sixth annual MetLife Study of Employee Benefits Trends reveals that, in general, female employees who have life insurance own only two times their household income in coverage.

UAE mortgage market adopts global insurance trends, say financial experts (AME Info)
Studies confirm a growing demand for life insurance premiums, as the increasingly sophisticated UAE mortgage markets adopts preferred global insurance practices to back mortgage applications.

Gender Gap Exists in Adequate Life Insurance Coverage Despite Greater


Gender Gap Exists in Adequate Life Insurance Coverage Despite Greater Financial Concerns among Women, According to ... (Centre Daily Times)
Despite heightened financial concerns for their families' futures, working women are less likely than men to have adequate life insurance coverage. The sixth annual MetLife Study of Employee Benefits Trends reveals that, in general, female employees who have life insurance own only two times their household income in coverage. Male employees with life insurance, however, generally have three ...

SBI life plans overseas foray (Business Standard India)
Riding high on the strong brand identity of State Bank of India, SBI Life Insurance is now looking to foray into overseas market next year by targeting Indian expatriates in the Middle East countries for selling insurance products.

Non-life insurance premiums spike in H1 (Vietnam Net)
VietNamNet Bridge - Non-life insurance premiums rose sharply during the first half of the year, recording a year-on-year increase of 41 percent, according of the Ministry of Finance.

Policy curbs may be hindering insurance sector growth (The Economic Times)
The insurance scene, especially that of life insurance, resembles the famous Charles Dickens conundrum of being the best of times and the worst of times simultaneously.

Cop jailed for life over execution (The National) A POLICEMAN


Cop jailed for life over execution (The National)
A POLICEMAN in East New Britain was jailed for life last week after being found guilty by the National Court of shooting another man several times at close range outside a nightclub in Kokopo four years ago.

In the Shadow of 'The Egg' (Everett Herald)
Michael Martina (click to enlarge) Gao Yuting, and engineer who worked on China's new National Theater, welcomes Chinese media in the main auditorium.

Recent Dai-ichi Mutual Life Insurance Co. News (Japan Corporate News)


Recent Dai-ichi Mutual Life Insurance Co. News (Japan Corporate News)
Tokyo, Aug 18, 2008 (Jiji Press) - Dai-ichi Mutual Life Insurance Co. said Monday that its core insurance business profit totaled 99.7 billion yen in April-June.

Bank Seeks Boesen's Life Insurance (KCCI 8 Des Moines)
A Clive bank asks a Polk County judge for access to life insurance money that may go to the widow of Des Moines businessman Ed Boesen.

Barclays signs life insurance arrangement with Norwich Union (Insurance Business Review)
Barclays has signed a deal with Norwich Union for the insurer to provide the bank with life insurance products for its mass market customers.

Gender Gap Exists in Adequate Life Insurance Coverage Despite Greater Financial Concerns among Women, According to ... (Centre Daily Times)
Despite heightened financial concerns for their families' futures, working women are less likely than men to have adequate life insurance coverage. The sixth annual MetLife Study of Employee Benefits Trends reveals that, in general, female employees who have life insurance own only two times their household income in coverage. Male employees with life insurance, however, generally have three ...

Non-life insurance premiums spike in H1 (Vietnam Net) VietNamNet Bridge


Non-life insurance premiums spike in H1 (Vietnam Net)
VietNamNet Bridge - Non-life insurance premiums rose sharply during the first half of the year, recording a year-on-year increase of 41 percent, according of the Ministry of Finance.

Bank Seeks Boesen's Life Insurance (KCCI 8 Des Moines)
A Clive bank asks a Polk County judge for access to life insurance money that may go to the widow of Des Moines businessman Ed Boesen.

Max New York Life Innovates a Unique Business Initiative in Insurance (The Economic Times)
Max New York Life Insurance Company Limited has innovated a unique business model, MAX VIJAY, that will make insurance accessible to the financially under-served people of India.

The longer the seller lives, the less that investors will


The longer the seller lives, the less that investors will make (Independent)
For most of us, our investments are simply a series of numbers. We're happy if they go up and unhappy if they go down, and we don't have much regard for the underlying activities that produce these effects. But when it comes to one investment vehicle, dubbed the "holy grail" due to its gold-star performance, exactly how your cash is generated is hard to ignore. "Death futures", more palatably ...

Life will go on, vows principal (Pretoria News)
Partson Madzimure, 46, hopes to be the last person to leave the Rand Airport refugee camp this week. "I want to make sure that everyone is safe," says the Zimbabwean school principal.

Fitch Withdraws the Q-IFS Rating on Lincoln Memorial Life Insurance


Fitch Withdraws the Q-IFS Rating on Lincoln Memorial Life Insurance Company (Centre Daily Times)
Fitch Ratings has withdrawn its quantitative insurer financial strength (Q-IFS) rating on Lincoln Memorial Life Insurance Company. The rating has been withdrawn as the company no longer meets Fitch's criteria to be eligible to receive a Q-IFS rating.

Sept. is Life Insurance Awareness Month (The Alaska Star)
If you were no longer there to provide for them, would your family be able to keep their home? Could your children attend college? If you answered no' to either of these questions, it may be time to look at your life insurance coverage.

Bank Seeks Boesen's Life Insurance (KCCI 8 Des Moines)
A Clive bank asks a Polk County judge for access to life insurance money that may go to the widow of Des Moines businessman Ed Boesen.

LIC & PNB launch insurance scheme for women (Express India)
Life Insurance Corporation, the country's largest insurer and Punjab National Bank, the second largest public sector lender, have launched a life insurance scheme for credit-linked women self help groups to provide life and permanent disability cover.

Sept. is Life Insurance Awareness Month (The Alaska Star) If


Sept. is Life Insurance Awareness Month (The Alaska Star)
If you were no longer there to provide for them, would your family be able to keep their home? Could your children attend college? If you answered no' to either of these questions, it may be time to look at your life insurance coverage.

9 Japan Life Insurers Log Core Biz Profits in April-June (Japan Corporate News)
Tokyo, Aug 15, 2008 (Jiji Press) - Nine of the 10 major life insurers in Japan logged core business profits in April-June, with industry leader Nippon Life Insurance Co. earning 119.3 billion yen.

Barclays signs life insurance arrangement with Norwich Union (Insurance Business Review)
Barclays has signed a deal with Norwich Union for the insurer to provide the bank with life insurance products for its mass market customers.

JPMorgan, Morgan Stanley settle securities probe (Pioneer Press) NEW YORK


JPMorgan, Morgan Stanley settle securities probe (Pioneer Press)
NEW YORK JPMorgan Chase & Co. and Morgan Stanley today became the latest banks to reach settlements with New York Attorney General Andrew Cuomo and other regulators as part of an investigation into the collapse of the auction-rate securities market.

1701 A.D. Gold Edition Review [PC] (GameSpot)
This bigger, better take on 1701 A.D. is most noteworthy for including the Sunken Dragon expansion.

PRESS RELEASE: Fitch Teleconference: UK Life Insurance - A Year


PRESS RELEASE: Fitch Teleconference: UK Life Insurance - A Year Into The Credit Crunch (Nasdaq)
Fitch Ratings-London-14 August 2008: Fitch Ratings will discuss performance in the UK life insurance market a year into the current credit market situation, and examine the outlook for the sector in a teleconference on Monday 18 Aug at 14:30 BST.

AXA Equitable offers new life insurance protection policy (Insurance Business Review)
AXA Equitable Life Insurance Company has announced the launch of its new Term Series, which is designed to meet the varying financial needs of consumers in different life situations.

9 Japan Life Insurers Log Core Biz Profits in April-June (Japan Corporate News)
Tokyo, Aug 15, 2008 (Jiji Press) - Nine of the 10 major life insurers in Japan logged core business profits in April-June, with industry leader Nippon Life Insurance Co. earning 119.3 billion yen.

AXA Equitable offers new life insurance protection policy (Insurance Business


AXA Equitable offers new life insurance protection policy (Insurance Business Review)
AXA Equitable Life Insurance Company has announced the launch of its new Term Series, which is designed to meet the varying financial needs of consumers in different life situations.

MIB Life Index Reports North American Life Insurance Activity Flat in July (PR Newswire via Yahoo! Finance)
North American application activity for individually underwritten life insurance was flat in July, off -0.2% year-over-year, according to the MIB Life Index.

AEGON Religare Life Insurance targets Rs 100 cr premium (Deepika)
Mumbai, Aug 12 (UNI) AEGON Religare Life Insurance, a joint venture of financial service provider Religare and global insurance firm AEGON, has launched its life insurance business in India and targets to raise Rs 100 crore premium by the end of this fiscal.

PRESS RELEASE: Fitch Teleconference: UK Life Insurance - A Year Into The Credit Crunch (Nasdaq)
Fitch Ratings-London-14 August 2008: Fitch Ratings will discuss performance in the UK life insurance market a year into the current credit market situation, and examine the outlook for the sector in a teleconference on Monday 18 Aug at 14:30 BST.

Micro insurance from Max New York Life (The Hindu) HYDERABAD:


Micro insurance from Max New York Life (The Hindu)
HYDERABAD: Max New York Life Insurance Company has launched a micro insurance product, Max Vijay, with a referral tie-up with the Confederation of NGOs for Rural India (CNRI) which provides savings and insurance at a premium range of Rs. ...

Max New York Life Insurance partners CNRI for Max 'Vijay' (Business Standard India)
For its radical new initiative 'Max Vijay,' Max New York Life Insurance has announced a referral tie-up with Confederation of NGOs of Rural India (CNRI), engaging around 6,000 NGOs working in rural India, as the company's corporate agents.

Lifeline Program Announces Record Life Settlement Sales Gains (Business Wire


Lifeline Program Announces Record Life Settlement Sales Gains (Business Wire via Yahoo! Finance)
ATLANTA----The Lifeline Program today announced that as of July 31, the life insurance settlement company has already outperformed last year s record sales numbers. Riding a wave of factors including a thirst for settlements as an investment from financial institutions, an influx of converted term policies and an increase in policies from seniors feeling the pinch of the economic slowdown, ...

Fed up with empty better life promises (Daily Dispatch)
RESIDENTS of informal settlements in Mdantsane and those sharing houses have slammed their ward councillors, the Buffalo City Municipality and the African National Congress for excluding them in service delivery.

Canara HSBC Oriental Bank of Commerce Life makes record entry


Canara HSBC Oriental Bank of Commerce Life makes record entry (Deepika)
Mumbai, Aug 12 (UNI) The latest entrant into the life insurance mart -- Canara HSBC Oriental Bank of Commerce Life Insurance Company Limited has earned a Rs 12 crore annualised premium for July, the Company's first full month of business.

Max New York Life Insurance partners CNRI for Max 'Vijay' (Business Standard India)
For its radical new initiative 'Max Vijay,' Max New York Life Insurance has announced a referral tie-up with Confederation of NGOs of Rural India (CNRI), engaging around 6,000 NGOs working in rural India, as the company's corporate agents.

Lifeline Program Announces Record Life Settlement Sales Gains (Business Wire


Lifeline Program Announces Record Life Settlement Sales Gains (Business Wire via Yahoo! Finance)
ATLANTA----The Lifeline Program today announced that as of July 31, the life insurance settlement company has already outperformed last year s record sales numbers. Riding a wave of factors including a thirst for settlements as an investment from financial institutions, an influx of converted term policies and an increase in policies from seniors feeling the pinch of the economic slowdown, ...

Ratings Roundup: HSBC Insurance, AXA Ireland, XL/Mangrove (Insurance Journal)
A.M. Best Co. has affirmed the financial strength rating of 'A+' (Superior) and issuer credit rating of "aa-" of Hong Kong-based HSBC Insurance (Asia) Limited with a stable outlook. "The

ISRAEL-OPT: Honey makes Hebron life a bit sweeter (AlertNet) Source:


ISRAEL-OPT: Honey makes Hebron life a bit sweeter (AlertNet)
Source: IRIN The toughest part of the West Bank just got a bit sweeter, with an influx of beehives, helping farmers cope with the decline in their economic situation.

Namibia: Bread is Life on the Outskirts of the City (AllAfrica.com)
IN the furthest corner of the informal settlements surrounding Katutura, after you pass the last shacks, a small plot and new development promises a brighter future for the women and children of the area.

Wall Street Fraud Watchdog Demands Settlements from the Other Auction Rate Securities Players (PRWeb via Yahoo! News)
For nearly six months, Americas Watchdog has been demanding that major banks & stock brokerage firms involved in the auction rate securities swindle, refund US consumers money.

Boesen widow directed not to cash in life insurance policy


Boesen widow directed not to cash in life insurance policy (The Des Moines Register)
The widow of the late Ed Boesen cannot cash in her husband s insurance policies for now, a Polk County District judge ruled Thursday.

Landlord's insurance won't cover renter's loss (Everett Herald)
Question: I am moving into a new rental house and the landlord's rental agreement requires me to get renter's insurance. Why should I have to pay for that? Shouldn't the landlord have insurance that covers my stuff in case the house burns down?

Life insurance (The Advocate)
Think you don t need life insurance? Think again. Although typically associated with marriage, life insurance also makes financial sense for gay couples.

People rush to add terrorism cover to insurance policies 12


People rush to add terrorism cover to insurance policies 12 Jul 2008, 0041 hrs IST, Viju B,TNN (The Times of India)
MUMBAI: Prakash Shah runs a medical shop close to Borivli railway station and was among those who rushed to help the 7/11 blast victims. "I realised that day that my life and property could also go in a flash.

Canara HSBC OBC Life Insurance positions itself among top 5 players (New Kerala)
New Delhi, Aug 7 : Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd, which kicked off its operations in June, has done a brisk business of Rs 25 crore in the very first month of its existence and has positioned itself among the top five players in the sector, a top Joint Venture partner said here today.

A.M. Best s New Methodology: Securitization of Period-Certain and Life-Contingent Structured


A.M. Best s New Methodology: Securitization of Period-Certain and Life-Contingent Structured Settlements (wallstreet:online AG)
A.M. Best Co. has released a new methodology, "Securitization of Period-Certain and Life-Contingent

Namibia: Bread is Life on the Outskirts of the City (AllAfrica.com)
IN the furthest corner of the informal settlements surrounding Katutura, after you pass the last shacks, a small plot and new development promises a brighter future for the women and children of the area.

Law firm sees growth area in life settlements (BizJournals)
One of Atlanta s largest law firms is looking to put a little more life into its business.

Morgan Freeman confirms divorce just days after car crash (Belfast Telegraph)
Morgan Freeman is one of cinema's most bankable and best-loved actors. He also kept his private life away from public scrutiny until a midnight car crash.

Nationwide Insurance(R) Announces New African American Advertising Agency of Record


Nationwide Insurance(R) Announces New African American Advertising Agency of Record (Business Wire via Yahoo! Finance)
COLUMBUS, Ohio----Nationwide Insurance announced that Carol H. Williams Advertising agency is now its African American agency of record. The agency will help Nationwide enhance its reach to African American consumers with print, broadcast and on-line advertising campaigns, and provide insight on how Nationwide's life, property and car insurance services can better serve the African American ...

Boesen widow directed not to cash in life insurance policy (The Des Moines Register)
The widow of the late Ed Boesen cannot cash in her husband s insurance policies for now, a Polk County District judge ruled Thursday.

Blaine man sentenced to life for killing wife (Winona Daily


Blaine man sentenced to life for killing wife (Winona Daily News)
ANOKA, Minn. (AP) A Blaine man has been sentenced to life in prison for killing his wife in what officials said was a plot for insurance money.

Barclays Sells Life-Insurance Business to Swiss Re (Update1) (Bloomberg.com)
Aug. 5 (Bloomberg) -- Barclays Plc , the U.K.'s third-biggest bank, agreed to sell its U.K. life-insurance unit to Swiss Reinsurance Co. for 753 million pounds ($1.5 billion) as it seeks to fund growth in faster-growing overseas markets.

National business briefs: IRS offers settlements to corporations accused of


National business briefs: IRS offers settlements to corporations accused of questionable tax-shelter practices (The Kansas City Star)
The Internal Revenue Service said Wednesday that it was prepared to offer settlements to about 45 corporations that had gotten billions of dollars in tax deferrals if they agreed to end questionable tax-shelter practices.

City Claims Ferry Crash Victim Will Die Sooner, Deserves Less Money (Gothamist)
Nearly five years after the Staten Island Ferry crash , victims are still fighting with the city over settlements. And in one case, the city claims James McMillan Jr., a 44-year-old who was paralyzed, will die in 16 years, not 30 years , so the settlement should only cover 16 years. He is under 24-hour-care and his lawyer said he'll live a long life with proper care , "The city paralyzed ...

Canara HSBC OBC Life Insurance positions itself among top 5


Canara HSBC OBC Life Insurance positions itself among top 5 players (New Kerala)
New Delhi, Aug 7 : Canara HSBC Oriental Bank of Commerce Life Insurance Co Ltd, which kicked off its operations in June, has done a brisk business of Rs 25 crore in the very first month of its existence and has positioned itself among the top five players in the sector, a top Joint Venture partner said here today.

OTP Garancia sells stakes in Bulgarian insurance companies (Budapest Business Journal)
Hungarian OTP Garancia, the insurance unit of OTP Bank, and its Bulgarian subsidiary DSK Bank EAD sold their stakes in Bulgarian insurers DSK Garancia Insurance Company and DSK Garancia Life Insurance Company to French insurer Groupama International on Wednesday, OTP Bank announced on the website of the Budapest Stock Exchange.

Barclays Sells Life-Insurance Business to Swiss Re (Update1) (Bloomberg.com)
Aug. 5 (Bloomberg) -- Barclays Plc , the U.K.'s third-biggest bank, agreed to sell its U.K. life-insurance unit to Swiss Reinsurance Co. for 753 million pounds ($1.5 billion) as it seeks to fund growth in faster-growing overseas markets.

Protective Life lowers full-year guidance (AP via Yahoo! Finance)
Protective Life Corp., an insurance and investment products provider, on Tuesday lowered full-year guidance, citing a difficult operating environment.

Barclays Sells Life-Insurance Business to Swiss Re (Update1) (Bloomberg.com) Aug.


Barclays Sells Life-Insurance Business to Swiss Re (Update1) (Bloomberg.com)
Aug. 5 (Bloomberg) -- Barclays Plc , the U.K.'s third-biggest bank, agreed to sell its U.K. life-insurance unit to Swiss Reinsurance Co. for 753 million pounds ($1.5 billion) as it seeks to fund growth in faster-growing overseas markets.

Protective Life lowers full-year guidance (AP via Yahoo! Finance)
Protective Life Corp., an insurance and investment products provider, on Tuesday lowered full-year guidance, citing a difficult operating environment.

Hanover Insurance to sell remaining run-off life insurance business (Insurance


Hanover Insurance to sell remaining run-off life insurance business (Insurance Business Review)
The Hanover Insurance Group has signed a definitive agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Company, to Commonwealth Annuity and Life Insurance Company, a Goldman Sachs company.

Girl, 6, dead in apparent overdose of father's antidepressants (The Washington Examiner)
An apparent overdose of prescription antidepressants has taken the life of a little girl, and D.C.'s teetering child welfare agency is once again trying to explain how it missed warning signs she was in danger.

Law firm sees growth area in life settlements (BizJournals)
One of Atlanta s largest law firms is looking to put a little more life into its business.

Swiss Re buys Barclays life insurance unit (Swissinfo) The world's


Swiss Re buys Barclays life insurance unit (Swissinfo)
The world's largest reinsurer, Swiss Re, says it will acquire the life insurance unit of Barclays for 753 million (SFr1.55 billion) to boost its business in Britain.

The Penn Mutual Life Insurance Company Introduces Guaranteed Protection Universal Life (Business Wire via Yahoo! Finance)
HORSHAM, Pa.----The Penn Mutual Life Insurance Company announces its new Guaranteed Protection Universal Life product, designed to offer clients affordable, permanent guaranteed death benefit protection and increased cash accumulation that provides added flexibility.

(AFX UK Focus) 2008-08-05 03:43 Sony Life, Fortis Insurance win approval for China rep offices (Interactive Investor)
BEIJING (XFN-ASIA) - The China Insurance Regulatory Commission (CIRC) said it has given its approval to Japan's Sony Life Insurance Co to set up a representative office in Beijing.

Consumer Watch: Check out insurance salesman's credentials (Chattanooga Times Free


Consumer Watch: Check out insurance salesman's credentials (Chattanooga Times Free Press)
I ve been approached by a new guy in the neighborhood about buying some life insurance. His company isn t one of the larger insurance companies and I m not sure it's one I should do business with.

Umbrella insurance may make sense (Los Angeles Daily News)
Most Americans have auto insurance, health insurance, dental insurance, homeowners or renters insurance, life insurance, maybe disability insurance.

Insurance / Perspectives (Business News Americas)
The Argentine subsidiary of Spanish insurance group Mapfre is one of the largest insurers in Argentina and the biggest player in the non-life segment.

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 tropical storm Dolly in Texas to get support from the company.

Umbrella insurance buys more peace of mind (The Columbus Dispatch)


Umbrella insurance buys more peace of mind (The Columbus Dispatch)
CHICAGO -- Most Americans have auto insurance, health insurance, dental insurance, homeowners or renters insurance, life insurance and perhaps disability insurance.

OSFI release guide to intervention for life insurance companies (Investment Executive)
The Office of the Superintendent of Financial Institutions today released its latest guide to intervention for federally regulated life insurance companies, outlining the sort of regulatory attention companies can expect.

Rift over luxury homes spotlights rich-poor divide in Russia (McClatchy


Rift over luxury homes spotlights rich-poor divide in Russia (McClatchy Newspapers via Yahoo! News)
VORONINO, Russia On a sunny Saturday afternoon, Emil Veliev was chatting about the glories of Agalarov Estate some 800 acres of residential development where every towering house will have a swimming pool, a community fitness center has been built with three indoor tennis courts, and the price tag for many homes starts at $10 million.

Dear Mariella (Guardian Unlimited)
Life & style: Dilemma: 'Divorce has wiped out all our happy memories, and now we both feel so desperate'

Niagara County events (The Buffalo News)
Following is Niagara Sunday's weekly listing of upcoming public events held around Niagara County. If you would like your event included, send the information two weeks in advance to: Niagara Community Calendar, c/o The Buffalo News, 8353 Niagara Falls Blvd., Niagara Falls, NY 14304, fax to: 283-1691 or e-mail to: niagaranews@buffnews.com . Today

EEA Life Settlements fund hits 100m (Money Marketing Online)
Equity, Environmental and Alternative investment group s Life Settlements Fund has broken through the 100m mark after delivering two and a half years of consecutive positive monthly returns.

OSFI release guide to intervention for life insurance companies (Investment


OSFI release guide to intervention for life insurance companies (Investment Executive)
The Office of the Superintendent of Financial Institutions today released its latest guide to intervention for federally regulated life insurance companies, outlining the sort of regulatory attention companies can expect.

Cut Your Life Insurance Costs By 50%....But Hurry! (The Motley Fool)
How you can benefit from the life insurance price war.

A.M. Best Comments on The Hanover Insurance Group, Inc.'s Proposed Sale of First Allmerica Financial Life Insurance ... (Centre Daily Times)
A.M. Best Co. has commented that all ratings and outlooks of The Hanover Insurance Group, Inc. (THG) (NYSE:THG) and its property/casualty insurance members remain unchanged following the announcement that it has entered into a definitive agreement to sell First Allmerica Financial Life Insurance Company (FAFLIC) to the Goldman Sachs Group, Inc. THG and FAFLIC are both domiciled in Worcester, MA.

It's important for investors to not just look at life


It's important for investors to not just look at life insurance (MSN Money Canada)
TORONTO - Insurance is one of those items where people know what they should have - for example, coverage for auto and house. But they'll sometimes tend to put off the other products like life insurance or long term disability.

Kansas City Life Insurance takes hit from investment losses (The Business Journal of Kansas City)
Investment losses caused Kansas City Life Insurance Co. s 86 percent decrease in second-quarter earnings, and revenue fell 10.6 percent from the same quarter last year.

Law and Utilities (In Business Las Vegas) The State Bar


Law and Utilities (In Business Las Vegas)
The State Bar of Nevada is stepping in to aid Nevada legal-related nonprofit groups with a record amount in grant money. The bar's lawyer referral and information service awarded grants totaling more than $100,000 to nine groups providing legal aid or education in Nevada.

Doubt, Pain Linger After Minn. Bridge Fall (CBS News)
One year after the Minneapolis bridge collapse, the bridge's replacement is nearly finished, but the investigation is not. Many of the 145 people injured in the collapse are still struggling to rebuild their lives.

EEA Life Settlements fund hits 100m (Money Marketing Online)
Equity, Environmental and Alternative investment group s Life Settlements Fund has broken through the 100m mark after delivering two and a half years of consecutive positive monthly returns.