Latest Life Insurance Settlements News Update November 30, 2008 at 07:25 AM

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Feds seek Rubashkin insurance policies (Waterloo-Cedar Falls Courier) CEDAR RAPIDS


Feds seek Rubashkin insurance policies (Waterloo-Cedar Falls Courier)
CEDAR RAPIDS --- Federal authorities are going after two life insurance policies held by the owner of Agriprocessors.

Eleven Reasons Why You Need More Life Insurance (The Motley Fool)
As you reach different stages in your life, the need for insurance will change. Here s how to make sure you always have enough protection.

Sponsored by: (The Journal News) Federal authorities have accused a


Sponsored by: (The Journal News)
Federal authorities have accused a Mount Kisco man of being part of a fraud ring that tried to steal more than $40 million from the settlements of three class-action lawsuits.

EU accuses drugmakers of blocking cheaper generics (Reuters via Yahoo! News)
Major drug companies are delaying or blocking the entry of cheaper generic medicines, pushing up bills for taxpayers and reducing the incentive for innovation, the European Commission said on Friday.

MORE MONEY THAN HE KNEW WHAT TO DO WITH (The Globe and Mail)
For weeks he'd been fending off questions from anxious clients who were worried about their investments and the whereabouts of the cheques he used to send so regularly.

Insurance companies pay settlements over claims investigations (Lincoln Journal Star)
Two insurance companies have settled with the Nebraska Department of Insurance after the agency investigated consumer complaints. Conseco Health Insurance Co. agreed in October to pay a $25,000 fine and cooperate with the department on future complaints.

Research and Markets: A Snapshots Analysis of the Netherlands Non-Life


Research and Markets: A Snapshots Analysis of the Netherlands Non-Life Insurance Industry for 2008: Examine a Category ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Snapshots Netherlands Non-Life Insurance 2008" report to their offering.

Munich Re eyes AIG's Asian life insurance operations (Insurance Business Review)
German reinsurer Munich Re has expressed its interest to acquire some of the Asian life insurance businesses that American International Group may sell in order to repay the rescue loan provided by the US government.

SBI's non-life entry to hit New India Assurance hard (Navhind Times)
CHENNAI Once the state-owned State Bank of India (SBI), India's largest lender, enters the non-life general insurance business following its recent tie-up with Insurance Australia Group Ltd. (IAG), the country s premier non-life insurer New India Assurance will start losing Rs 2 billion premium income annually.As a bancassurance partner, SBI currently contributes around Rs 2 billion as premium ...

Research and Markets: A Snapshots Analysis of the Netherlands' Life Insurance Market for 2008: Providing an Instant ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Snapshots Netherlands Life Insurance 2008" report to their offering.

Research and Markets: A Snapshots Analysis of the Netherlands Non-Life


Research and Markets: A Snapshots Analysis of the Netherlands Non-Life Insurance Industry for 2008: Examine a Category ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Snapshots Netherlands Non-Life Insurance 2008" report to their offering.

Farmer who ran over wife in tractor to lavish insurance cash on 'betrayed' mistress is jailed for life (Daily Mail)
A cheating farmer has been jailed for life for murdering his wife with a tractor on their farm.

Regulator has room for improvement, life insurers say (Investment Executive)
The Office of the Superintendent of Financial Institutions needs to improve its service to life insurance companies, according to a new report. On Thursday, OSFI published the report on the results of a survey it commissioned in Spring 2008 concerning its service to the life insurers.

Hontai Life To Sell NT$5.5 Billion New Shares Before Year-End


Hontai Life To Sell NT$5.5 Billion New Shares Before Year-End (Nasdaq)
TAIPEI -(Dow Jones)- Taiwan's Hontai Life Insurance Co. plans to sell around NT$5.5 billion worth of new shares before the end of the year and another NT$1.5 billion in the first quarter to boost capital, company Chairman David Jou said Thursday.

Include Life Insurance in Your 'Must Have' Budget (Carteret County News-Times)
(ARA) - As you re-examine your monthly expenses to cover the escalating costs of food and fuel, it's important to consider life insurance in your plans.

The Maldives, land, money, Lanka (Daily News) A not so


The Maldives, land, money, Lanka (Daily News)
A not so young, local and foreign educated business person, said that in Lanka old fashioned capitalist and old socialist ideas and unnecessary nationalism prevailed.

Israel's Slow-Motion Genocide in Occupied Palestine (Baltimore Chronicle & Sentinel)
Living in limbo under a foreign occupier. Having no self-determination, no right of return, and no power over your daily life. Being in constant fear, economically strangled, and collectively punished.

Hidden beauty (Al-Ahram Weekly)
Throughout history, Nubians have managed to keep their traditions and lifestyles relatively uninflected by outside influences, and yet they have still interacted with different cultures surrounding theirs.

Daily Horoscopes (New Kerala)
Aries : March 21- April 19 An advice from an elder member of the family should be taken note of. Home and family matters take on greater importance now. Real estate plays a bigger part in your life goals.

A.M. Best Removes from Under Review and Downgrades the Ratings


A.M. Best Removes from Under Review and Downgrades the Ratings of Standard Life Insurance Company of Indiana (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has removed from under review with negative implications and downgraded the financial strength rating to B from B++ and the issuer credit rating to bb from bbb of Standard Life Insurance Company of Indiana .

Whole-life insurance dead wrong for young investor (Daily Local News)
DEAR BRUCE: I have started working with a financial planner who is encouraging me to buy whole-life insurance. I'm not sure this is a good idea. I make just over $100,000 a year, and I have been putting a lot of money into several mutual funds for a while now. I am 26 years old, not married and have no children. My parents, in their late 50s, are in excellent health. I owe $25,000 on a student ...

A little bit about life insurance (Carlsbad Current-Argus)
Term life insurance is the original form of life insurance and is considered to be pure insurance protection because it builds no cash value. This is in contrast to permanent life insurance such as whole life, universal life and variable universal life which do build a cash value.

Eastern Life & Health Insurance Company Appoints COO and Director


Eastern Life & Health Insurance Company Appoints COO and Director of Sales and Agency Relations (PR Newswire via Yahoo! Finance)
Eastern Insurance Holdings, Inc. announced today that it has appointed Curt Melville as Chief Operating Officer and Marc Blevens as Director of Sales and Agency Relations. Eastern Life & Health Insurance Company is a wholly- owned subsidiary of EIHI.

How to check up on your life insurance company (BizJournals)
Local insurance agents have been spending hours answering their clients questions about the health of their life insurer.

Fitch Downgrades Primerica Life Insurance Company IFS to 'A+' (Business Wire via Yahoo! Finance)
CHICAGO----Fitch Ratings has downgraded the Insurer Financial Strength rating of Primerica Life Insurance Company to 'A+' from 'AA-', reflecting Fitch's downgrade of Primerica Life's ultimate parent, Citigroup Inc yesterday.

Ex-boxer takes on fertiliser giant (NZPA via Yahoo!Xtra News) A


Ex-boxer takes on fertiliser giant (NZPA via Yahoo!Xtra News)
A former top New Zealand boxer started one of his biggest fights of his life yesterday seeking $1 million in damages and costs for the loss of orchards he says were ruined by emissions from the Ravensdown fertiliser manufacturing plant near Napier.

Sri Lanka: IDP settlements flooded in Jaffna peninsula due to continuing downpour (TamilNet)
Unrelenting monsoon rains continue in Jaffna peninsula for the fourth day causing floods in areas where Internally Displaced Persons (IDPs) are located while fisher families in Vadamaraadchi North and East have been forced to seek shelter in churches and public buildings nearby because of the persisting rain and intermittent hurricanes which had torn off the roofs of many huts, sources in Jaffna ...

Rogers wants a check! (Las Vegas CityLife)
IT was a Jim Rogers memo come to life. The chancellor of the Nevada System of Higher Education has taken to sending a memo per week -- usually with letters of support attached -- to the board of regents, Gov. Jim Gibbons and especially the media, discussing ways to support schools in the state.

Tobacco lawsuit trailblazer still fighting smoking (The Biloxi Sun Herald)
"I'm not as much a Big Tobacco nemesis as much as I am public advocate," said Moore, who made a name for himself as a Gulf Coast district attorney who went after white-collar criminals before being elected attorney general.

China Life interested in AIG's assets in Asia (International Herald


China Life interested in AIG's assets in Asia (International Herald Tribune)
China Life Insurance, the most valuable life insurer in the world, is interested in buying the Asian assets of American International Group, a senior China Life manager briefed on the situation said.

Anthem Blue Cross and Blue Shield and Anthem Life in Connecticut Partner with the Chamber Insurance Trust to Offer ... (PR Newswire via Yahoo! Finance)
40,000 local businesses and 79 working Chambers of Commerce throughout Connecticut will soon be able to offer their employees and members an extensive portfolio of life and disability products, thanks to a new program developed by Anthem Life Insurance Company and its affiliate Anthem Blue Cross and Blue Shield in Connecticut.

China Life Eyes A.I.G. s Asian Assets, Report Says (New York Times)
China Life Insurance , the world s biggest life insurer by market value, is interested in the Asian assets of American International Group , Reuters reported, citing a senior China Life manager briefed on the situation.

Life insurance benefits (BizJournals)
With the stock market in turmoil, Frank Woodruff, CEO of Sapient Financial Group, finds himself fielding calls from clients worried about their investments daily. Those who have whole life insurance in their mix are relieved that they purchased the high-priced product.

Max New York Life draws up growth plan (The Telegraph)


Max New York Life draws up growth plan (The Telegraph)
New Delhi, Nov. 23: Private insurer Max New York Life Insurance Company has raised its paid-up capital by Rs 350 crore to Rs 1,782 crore in the current financial year to fund its expansion plan.

Life insurance benefits (BizJournals)
With the stock market in turmoil, Frank Woodruff, CEO of Sapient Financial Group, finds himself fielding calls from clients worried about their investments daily. Those who have whole life insurance in their mix are relieved that they purchased the high-priced product.

Include Life Insurance in Your 'Must Have' Budget (Carteret County News-Times)
(ARA) - As you re-examine your monthly expenses to cover the escalating costs of food and fuel, it's important to consider life insurance in your plans.

Victim's family suing I-75 firm (The Sarasota Herald-Tribune) Two people


Victim's family suing I-75 firm (The Sarasota Herald-Tribune)
Two people died in an 11-vehicle crash on Interstate 75 last year as a construction company stopped vehicles for nighttime bridge work.

Cops raise Taser safety claims (Las Vegas Sun)
Several cops got on their knees on a rubber gym mat. Kneeling in a line, they linked arms, interlaced hands, and looked up. All they knew of what comes next is this: It s going to smart.

Life settlements: how much?! (Investors Chronicle)
"I am a subscriber to the FT and IC. I very much enjoy reading your columns and the common sense advice you give. I was interested in your comments about EAFE Life Settlements and therefore contacted them.

Swiss Life opens insurance intermediation office in DIFC (AME Info)


Swiss Life opens insurance intermediation office in DIFC (AME Info)
Swiss Life today opened a new insurance intermediation office at the Dubai International Financial Centre (DIFC) as part of the global expansion of its life insurance solutions business.

LifeInsure.com Offers Life Insurance Quotes Anonymously (PRWeb via Yahoo! News)
LifeInsure.com lets you search the database of life insurance rates and comparison shop on your own, anonymously, before you contact them.

Research and Markets: An Industry Profile of the Non-Life Insurance Market in Australia: With Five Year Forecasts, ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Non-Life Insurance in Australia" report to their offering.

Swiss Life opens insurance intermediation office in DIFC (AME Info)


Swiss Life opens insurance intermediation office in DIFC (AME Info)
Swiss Life today opened a new insurance intermediation office at the Dubai International Financial Centre (DIFC) as part of the global expansion of its life insurance solutions business.

OneAmerica and Shenandoah Life Insurance announce proposed merger (Insurance Business Review)
OneAmerica Financial Partners and Shenandoah Life Insurance Company have announced the signing of a letter of intent that describes a proposal to merge the two organizations.

High life after high seas: Pirates live it up on


High life after high seas: Pirates live it up on loot (IBN live)
Best cars, best bungalows and best women - Somali pirates have them all.

Somali pirates live high life when not on high seas (Deccan Herald)
Piracy in Somalia has its roots in a movement of fishermen who banded together in the 1990s to prevent illegal fishing and the dumping of toxic waste off their shores. Since then, piracy has changed into a highly lucrative industry as shipping companies cough up increasingly hefty ransoms for the release of their ships.

Somali pirates live high life when not on high seas (New Kerala)
Mogadishu, Nov 21 : They drive flashy cars, throw extravagant parties in their massive houses, use the latest mobile phones and marry only the most beautiful young women.

Africa: DRC-Uganda - Refugees Seek a Better Life Over the Border (AllAfrica.com)
Jean-Claude Molumba has not worked in more a month. He is a primary school teacher but it is not safe for him - or his students - to assemble for classes. Just last week, when he realised that more than 300 people in his small village had died, he decided to leave DRC and cross the border to Uganda.

Swiss Life opens insurance intermediation office in DIFC (AME Info)


Swiss Life opens insurance intermediation office in DIFC (AME Info)
Swiss Life today opened a new insurance intermediation office at the Dubai International Financial Centre (DIFC) as part of the global expansion of its life insurance solutions business.

LifeInsure.com Offers Life Insurance Quotes Anonymously (PRWeb via Yahoo! News)
LifeInsure.com lets you search the database of life insurance rates and comparison shop on your own, anonymously, before you contact them.

Swiss Life opens insurance intermediation office in Dubai (Insurance Business Review)
Swiss Life, a provider of life insurance and pension products, has opened an insurance intermediation office in Dubai International Financial Centre, to provide life insurance solutions for high net worth individuals.

OneAmerica & Shenandoah Life Insurance Company announce proposed merger (WDBJ


OneAmerica & Shenandoah Life Insurance Company announce proposed merger (WDBJ 7 Roanoke)
Shenandoah Life Insurance may be taken over by another company. A news release sent out a few minutes ago says under a proposed merger, Shenandoah Life would become a subsidiary of OneAmerica. Completion of the merger would take place in the middle of next year.

Integrity Capital Partners sells unwanted life insurance policies (BizJournals)
Integrity Capital Partners has facilitated the sale of $130 million in life insurance policies for a public company. (XRIT)

Research and Markets: An Industry Profile of the Non-Life Insurance Market in France: Examine Five Year Forecasts, ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Non-life Insurance in France" report to their offering.

Swiss Life Opens Insurance Intermediation Office in Dubai (Bloomberg) Nov.


Swiss Life Opens Insurance Intermediation Office in Dubai (Bloomberg)
Nov. 19 (Bloomberg) -- Swiss Life Holding, the worst performer this year in an index of Europe's top insurers, opened an office in Dubai to expand in the Middle East.

This Essential 2008 Report on Ireland's Non-Life Insurance Industry is Now Available (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Snapshots Ireland Non-Life Insurance 2008" report to their offering.

IDB approves US$70mn to improve informal settlements - Uruguay (Business


IDB approves US$70mn to improve informal settlements - Uruguay (Business News Americas)
The elimination of informal settlements in Uruguay is a matter of political will, an official from Uruguay's center-right wing Blanco party told BNamericas, commenting on a US$70mn loan provided by IDB to improve the quality of life for residents in these settlements.

Disinvestment From West Bank Settlements Gains Momentum (Middle East Times)
UK GETTING TOUGHER ON ISRAELI SETTLERS -- The UK has been trying to get Brussels to take a tougher approach to Israel as it believes the Jewish settlements are the core issue in resolving the Israeli-Palestinian dispute.

Welcome Funds Announces Its Life Settlement Continuing Education Course is Now Available in 41 States (Business Wire via Yahoo! Finance)
BOCA RATON, Fla.----Industry leader Welcome Funds, recognizing the rapidly growing need for additional resources in the area of Life Settlements and continuing its commitment to expand its educational platform, has partnered with 360Training.com to provide state approved insurance CE courses.

FIRST COAST TICKER: Life insurance stocks aren't immune to market


FIRST COAST TICKER: Life insurance stocks aren't immune to market plunge (The Florida Times-Union)
Banking companies have received more attention recently, but life insurance stocks have also been in a free fall the last couple of months, particularly Prudential Financial Inc.

SBLI USA Mutual Life Insurance Co. (Crain's New York Business)
The employees of SBLI USA Mutual Life Insurance mirror the diversity of the $170 million company's target market. They speak 20 languages, and two-thirds are minorities.

SBLI USA Mutual Life Insurance Co. (Crain's New York Business)


SBLI USA Mutual Life Insurance Co. (Crain's New York Business)
The employees of SBLI USA Mutual Life Insurance mirror the diversity of the $170 million company's target market. They speak 20 languages, and two-thirds are minorities.

FIRST COAST TICKER: Life insurance stocks aren't immune to market plunge (The Florida Times-Union)
Banking companies have received more attention recently, but life insurance stocks have also been in a free fall the last couple of months, particularly Prudential Financial Inc.

Finance For Life Bails Out Producers Needing Life Insurance Premium Finance Loans (PRWeb)
"October and November Show High Success Rate In Funding Life Insurance Policies," Comments Company President (PRWeb Nov 17, 2008) Read the full story at http://www.prweb.com/releases/2008/11/prweb1614534.htm

Integrity Capital Partners Facilitates Disposition of $130 Million of Life


Integrity Capital Partners Facilitates Disposition of $130 Million of Life Insurance Policies For X-Rite, Inc. (PR Newswire via Yahoo! Finance)
Integrity Capital Partners , a leader in the secondary life insurance market, has facilitated a very unique transaction to assist X-Rite, Inc., a publicly-traded color science and technology company, in increasing its cash and eliminating expenses of unwanted life insurance policies.

IDB approves US$70mn to improve informal settlements - Uruguay (Business News Americas)
The elimination of informal settlements in Uruguay is a matter of political will, an official from Uruguay's center-right wing Blanco party told BNamericas, commenting on a US$70mn loan provided by IDB to improve the quality of life for residents in these settlements.

Life insurance stocks aren't immune to market plunge (The Florida


Life insurance stocks aren't immune to market plunge (The Florida Times-Union)
Banking companies have received more attention recently, but life insurance stocks have also been in a free fall the last couple of months, particularly Prudential Financial Inc.

Memphian to open Next Financial Insurance office here, says timing couldn t be better (BizJournals)
Houston-based Next Financial Group, Inc., has formed its insurance division in Memphis and it is looking for a few, good independent broker/dealers.

Finance For Life Bails Out Producers Needing Life Insurance Premium Finance Loans (PRWeb)
"October and November Show High Success Rate In Funding Life Insurance Policies," Comments Company President (PRWeb Nov 17, 2008) Read the full story at http://www.prweb.com/releases/2008/11/prweb1614534.htm

A.M. Best Downgrades Ratings of Gleaner Life Insurance Society (Business


A.M. Best Downgrades Ratings of Gleaner Life Insurance Society (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 rating to a- from a of Gleaner Life Insurance Society . The outlook for all ratings has been revised to stable from negative.

Research and Markets: Non-life Insurance in the Netherlands - Available Now (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Non-life Insurance in the Netherlands" report to their offering.

Secondary Life Capital Announces Three (3) New Provider Licenses (Business


Secondary Life Capital Announces Three (3) New Provider Licenses (Business Wire via Yahoo! Finance)
WASHINGTON----Secondary Life Capital, LLC announced today that the State of PENNSYLVANIA has granted SLC its life settlement provider license. In addition to Pennsylvania, SLC has recently been awarded a life settlement provider license in NEVADA and KANSAS.

Life Settlement Industry Vows Renewed Effort to Promote Effective Legislative Policy Making and Consumer Education (Marketwire via Yahoo! Finance)
Democratic political strategist Mark Penn addresses how the industry can improve public image at the Life Insurance Settlement Association's 14th Annual Conference.

Life insurance association urges insurers to revise shield plan benefits


Life insurance association urges insurers to revise shield plan benefits (Channel NewsAsia via Yahoo! Malaysia News)
SINGAPORE : The Life Insurance Association of Singapore has urged insurers to review the benefits of their integrated shield plans.

ECONOMY: Free life insurance offered for qualified low-income parents (Lockport Union-Sun & Journal)
Free life insurance for qualified parents of school-age children is being offered through Mass Mutual Financial Group.

Research and Markets: Non-life Insurance in the Netherlands - Available Now (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Non-life Insurance in the Netherlands" report to their offering.

Life Insurers Facing Cuts in Ratings (New York Times) Life


Life Insurers Facing Cuts in Ratings (New York Times)
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up.

Life insurance association urges insurers to revise shield plan benefits (Channel NewsAsia via Yahoo! Philippines News)
SINGAPORE : The Life Insurance Association of Singapore has urged insurers to review the benefits of their integrated shield plans.

Damage Control at Insurance Companies (BusinessWeek Online via Yahoo! News)
Individual investors aren't the only ones scared to look at their portfolios. Insurance giants are also watching their holdings wither, a situation that could have serious implications for their customers and the markets. The biggest independent life insurer, MetLife, reported total paper losses of $12.2 billion on its $340 billion portfolio. "You have to plan for things to be depressed for the ...

Troubled Life Insurers May Need to Seek Capital (New York Times)
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up and have little choice but to seek capital in unforgiving markets, The New York Times s Mary Williams Walsh reports.

Life Settlement Industry Vows Renewed Effort to Promote Effective Legislative


Life Settlement Industry Vows Renewed Effort to Promote Effective Legislative Policy Making and Consumer Education (Marketwire via Yahoo! Finance)
Democratic political strategist Mark Penn addresses how the industry can improve public image at the Life Insurance Settlement Association's 14th Annual Conference.

Vigilan and Life Settlement Financial Collaborate to Aid Seniors with Life Settlements (PR Newswire via Yahoo! Finance)
Vigilan and Life Settlement Financial announced today their collaboration to develop improved models for the valuation of life insurance policies.

Troubled Life Insurers May Need to Seek Capital (New York


Troubled Life Insurers May Need to Seek Capital (New York Times)
Life insurance companies, hobbled by real estate investments and committed to paying some costly retirement contracts, face more cuts in their credit ratings before the year is up and have little choice but to seek capital in unforgiving markets, The New York Times s Mary Williams Walsh reports.

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

Fort Dearborn Life Insurance names new chief actuary (Insurance Business


Fort Dearborn Life Insurance names new chief actuary (Insurance Business Review)
Fort Dearborn Life Insurance Company has appointed Craig Nordyke as its new vice president and chief actuary.

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

Settlement ends suits over General American Life Insurance's collapse (The Kansas City Star)
Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country's biggest life insurers.

Life insurance association urges insurers to revise shield plan benefits (Channel NewsAsia via Yahoo! Singapore News)
SINGAPORE : The Life Insurance Association of Singapore has urged insurers to review the benefits of their integrated shield plans.

MIB Life Index Reports North American Life Insurance Activity Off


MIB Life Index Reports North American Life Insurance Activity Off 1.8% in October (PR Newswire via Yahoo! Finance)
North American application activity for individually underwritten life insurance was down -1.8% in October year-over-year, according to the MIB Life Index. Year to date U.S. and Canadian activity remained stable off -1.9%, compared to the same ten months last year.

Is the insurance sector in trouble? II (Philippine Daily Inquirer)
IN THE FACE of this worldwide financial meltdown, a life insurance company has to grapple with its own unique problems.

Aviva Life premium income dips on partners' losses (Business Standard India)
Loss of two major bancassurance partners during April-September has pulled down premium income of Aviva India Life Insurance a company which collects more than half of its first-year premium income through banks.

Settlement ends suits over General American Life Insurance's collapse (The


Settlement ends suits over General American Life Insurance's collapse (The Kansas City Star)
Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country's biggest life insurers.

School sports on life support (Nanaimo Daily News)
School sports programs in the Nanaimo-Ladysmith district may be in jeopardy due to the increasing difficulty of finding coaches for extracurricular activities.

Israelis vote in municipal elections (The West Australian)
Israelis voted in municipal elections with the Jerusalem mayoral race highlighting the country's polarisation despite pledges by the candidates to keep the Holy City united.

Author tells how Kailua came to be (Honolulu Advertiser)
Before humans arrived in the Islands, much of the lowland area in Kailua was covered with fan palms where giant flightless geese and ducks dwelled among plants and trees that were obliterated after settlements moved in.

SBI Life eyes Rs 11,000-cr business in FY09 (Business Standard


SBI Life eyes Rs 11,000-cr business in FY09 (Business Standard India)
SBI Life Insurance, the second largest private life insurance company in India, has targeted a total business volume of Rs 11,000 crore during the current year. Of the Rs 11,000 crore, new business or new premium, both single and regular, will account for Rs 8,500 crore.

Birla Sun Life names Rahul Sinha as CMO (Business Standard India)
Aditya Birla group's life insurance arm Birla Sun Life Insurance (BSLI) today said it has appointed Rahul Sinha as Chief Marketing Officer (CMO). Sinha would be responsible for the marketing initiatives of the company and its offering.

BoB Likely To Foray Into Life Insurance Biz In 6-7 Months (Nasdaq)
(RTTNews) - Bank of Baroda or BoB said its insurance venture with the UK-based Legal and General group is likely to start business in the next six-to-seven months, reported the PTI. The Chairman and Managing Director of BoB M D Mallaya reportedly said the bank is in the process of filing initial regulatory clearance application and would obtain all other necessary approvals by the first quarter ...

(AFX UK Focus) 2008-11-10 01:09 AIG plans to sell Taiwan


(AFX UK Focus) 2008-11-10 01:09 AIG plans to sell Taiwan insurance unit for $2-2.5 bln-paper (Interactive Investor)
TAIPEI, Nov 10 (Reuters) - American International Group Inc is planning to sell its Taiwan life insurance unit for US$2-2.5 billion, the Economic Daily reported on Monday.

Life Insurance Company Scammed Seniors (Skanner)
The Oregon Department of Consumer and Business Services this week ordered a life insurance company to change the way it sells annuities after finding that the company sold policies to seniors who couldn t afford them.

Djibouti: Pastoralists' way of life at risk (AlertNet) International Federation


Djibouti: Pastoralists' way of life at risk (AlertNet)
International Federation of Red Cross and Red Crescent Societies (IFRC) - Switzerland A combination of population pressure, desertification and above all drought is forcing Djibouti pastoralists out of their traditional grazing lands to live in improvised settlements near the capital ...

Change of heart from Israeli hardliner (Goulburn Post)
OVER the course of Ehud Olmert's long, winding but as yet unfinished goodbye from the Israeli political stage, this week will surely mark a remarkable turning point in his 35-year career in public life.

A Life Rescued (New York Times) Injured in a car


A Life Rescued (New York Times)
Injured in a car accident and near death, a legal immigrant without insurance experienced a medical deportation.

Regulators issue draft revision to capital requirements for life insurance cos. (Investment Executive)
Canadian insurance regulators are proposing to revise their approach to setting capital requirements for the life insurance industry ahead of a new capital adequacy framework.

A.M. Best Assigns Ratings to Standard Life & Casualty Insurance Company (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A.M. Best Co. has assigned a financial strength rating of B and an issuer credit rating of bb+ to Standard Life & Casualty Insurance Company . The outlook for both ratings is stable.

Fitch Places 9 Japanese Life Insurers on Rating Watch Negative (Nasdaq)
Fitch Ratings-Tokyo/HK/London/Singapore-07 November 2008: Fitch Ratings has today placed the ratings of nine Japanese life insurance companies on Rating Watch Negative (RWN) as detailed below.

Life Insurance Company Scammed Seniors (Skanner) The Oregon Department of


Life Insurance Company Scammed Seniors (Skanner)
The Oregon Department of Consumer and Business Services this week ordered a life insurance company to change the way it sells annuities after finding that the company sold policies to seniors who couldn t afford them.

Life insurance to pay off debt (Bankrate.com via Yahoo! Finance)
When life insurance is used to pay off a loan, it's an exception to the tax-free rule, says CPA George Saenz.

Fitch Places 9 Japanese Life Insurers on Rating Watch Negative (Nasdaq)
Fitch Ratings-Tokyo/HK/London/Singapore-07 November 2008: Fitch Ratings has today placed the ratings of nine Japanese life insurance companies on Rating Watch Negative (RWN) as detailed below.

'Relocated Penans will have a better life' (The Star) KUCHING:


'Relocated Penans will have a better life' (The Star)
KUCHING: The Penans, who will be relocated to make way for the proposed multi-billion ringgit Murum hydroelectric dam project, have been promised a better life after they are resettled.

Settlements For Life Continues To Broker Policies Despite Economic Turbulence (PRWeb via Yahoo! News)
According To Company President, "Small Face and Term Policy Bail Out Programs Are Working Well For Clients."

Planned regional approach required in Lanka (Daily News)
The World Town Planning Day (WTPD) is celebrated globally on November 8, each year. The objective of the celebrations is to focus on the contribution of town and country planning to community development and the improvement of the quality of life of the people.

Life and Health Insurance Industry welcomes Alberta Insurance Legislation Amendments


Life and Health Insurance Industry welcomes Alberta Insurance Legislation Amendments (CNW Group via Yahoo! Finance)
The Canadian life and health insurance industry welcomes long-awaited amendments to Alberta's Insurance Act which received Royal Assent on November 4, 2008 and strongly encourages other provinces to follow Alberta's lead.

A Detailed Report on Life & Other Direct Insurance Carriers in the US: With Forecasts, Growth Rates and an Analysis of ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Life & Other Direct Insurance Carriers in the US" report to their offering.

Rappahannock National Bank to Offer Customers MyTerm(SM), Internet-Based Term Life


Rappahannock National Bank to Offer Customers MyTerm(SM), Internet-Based Term Life Insurance Through Its Affiliation ... (Business Wire via Yahoo! Finance)
NEWARK, N.J.----Prudential Financial, Inc. today announced an agreement between its Individual Life Insurance business and Union Bankshares Corporation to offer MyTermSM, a new simplified issue term life insurance policy available through the Internet to customers of Rappahannock National Bank.

Northern Neck State Bank to Offer Customers MyTerm(SM), Internet-Based Term Life Insurance Through Its Affiliation ... (Business Wire via Yahoo! Finance)
NEWARK, N.J.----Prudential Financial, Inc. today announced an agreement between its Individual Life Insurance business and Union Bankshares Corporation to offer MyTermSM, a simplified issue term life insurance policy available through the Internet to customers of Northern Neck State Bank.

Life Insurance Settlement Association Announces 2009 Legislative Forecast: Consumers First (Marketwire via Yahoo! Finance)
The Life Insurance Settlement Association (LISA) recently announced the organization's forecast and priorities for state and federal legislation in 2009. Doug Head, LISA's Executive Director, said he anticipates that public policymakers will continue to put "consumers first" as more Americans are aware -- and more are in need -- of selling their policies rather than surrendering them for a ...

Advanced Settlements Offers A New Funding Option (PR Newswire via


Advanced Settlements Offers A New Funding Option (PR Newswire via Yahoo! Finance)
Advanced Settlements, a national leader in the life settlement marketplace now offers and a new funding option where you and your client can now participate in Life Settlements and ensure full personal and medical redaction.

Djibouti: Pastoralists' way of life at risk (AlertNet)
International Federation of Red Cross and Red Crescent Societies (IFRC) - Switzerland A combination of population pressure, desertification and above all drought is forcing Djibouti pastoralists out of their traditional grazing lands to live in improvised settlements near the capital ...

When a heart attack goes undiagnosed (USA Today)
In part because there is no foolproof test, one in 50 heart attack victims are mistakenly sent home by emergency room doctors, researchers found in April 2000. Other studies have documented higher rates of missed heart attack diagnosis.

Life Insurance Settlement Association Announces 2009 Legislative Forecast: Consumers First (Marketwire via Yahoo! Finance)
The Life Insurance Settlement Association (LISA) recently announced the organization's forecast and priorities for state and federal legislation in 2009. Doug Head, LISA's Executive Director, said he anticipates that public policymakers will continue to put "consumers first" as more Americans are aware -- and more are in need -- of selling their policies rather than surrendering them for a ...

Unity Life to acquire Canadian insurance business of Forethought Financial


Unity Life to acquire Canadian insurance business of Forethought Financial (Insurance Business Review)
Unity Life of Canada has entered into an agreement with Forethought Financial Group to acquire the insurance business of Forethoughts Canadian branch, Forethought Life Insurance Company.

Nationwide Financial reprices universal life policy (Insurance Business Review)
Nationwide Financial Services has repriced its YourLife ULtimate universal life insurance policy, reportedly making it more competitive.

Fort Dearborn Life Insurance Company(R) Recognized as Voluntary Employee Benefits Sales Growth Leader (Marketwire via Yahoo! Finance)
Fort Dearborn Life Insurance Company has been recognized by Eastbridge Consulting Group, Inc. as a leader in voluntary sales growth among companies that wrote $30 million or less in new voluntary employee benefits sales in 2007.

Fort Dearborn Life Insurance Company(R) Recognized as Voluntary Employee Benefits


Fort Dearborn Life Insurance Company(R) Recognized as Voluntary Employee Benefits Sales Growth Leader (Marketwire via Yahoo! Finance)
Fort Dearborn Life Insurance Company has been recognized by Eastbridge Consulting Group, Inc. as a leader in voluntary sales growth among companies that wrote $30 million or less in new voluntary employee benefits sales in 2007.

Fitch Takes Rating Action on 2 Classes From Anchor National Life Insurance 1994-1 (Business Wire via Yahoo! Finance)
NEW YORK----Fitch Ratings has taken the following rating action on Anchor National Life Insurance 1994-1. The class represents a beneficial ownership interest in separate trust funds, which include bonds that have been placed on Rating Watch Negative.

A Comprehensive Industry Profile of the Life Insurance Market in the United Kingdom: Examine Five Year Forecasts, ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Life Insurance in the United Kingdom" report to their offering.

A.M. Best Offers Helpful Insight into Life Insurance Options (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A new multimedia feature available at A.M. Best Co. s Consumer Insurance Center will help consumers learn what to do if the premiums on an existing life insurance policy are no longer affordable.

A.M. Best Offers Helpful Insight into Life Insurance Options (wallstreet:online


A.M. Best Offers Helpful Insight into Life Insurance Options (wallstreet:online AG)
A new multimedia feature available at A.M. Best Co. s Consumer Insurance Center will help consumers

A Comprehensive Industry Profile of the Life Insurance Market in the United Kingdom: Examine Five Year Forecasts, ... (Business Wire via Yahoo! Finance)
DUBLIN, Ireland----Research and Markets has announced the addition of the "Life Insurance in the United Kingdom" report to their offering.

Banner Life Selects WinFlex Compliant Illustration Platform (Business Wire via Yahoo! Finance)
PARK CITY, Utah----EbixExchange a division of Ebix, Inc. today announced that the Banner Life Insurance Company will provide producers affiliated with its life insurance distribution network with the WinFlex illustration system.

A.M. Best Offers Helpful Insight into Life Insurance Options (Business Wire via Yahoo! Finance)
OLDWICK, N.J.----A new multimedia feature available at A.M. Best Co. s Consumer Insurance Center will help consumers learn what to do if the premiums on an existing life insurance policy are no longer affordable.

The #1 Reason Consumers Sell Their Structured Settlements Is to


The #1 Reason Consumers Sell Their Structured Settlements Is to Pay Bills, According to Survey by J.G. Wentworth (Business Wire via Yahoo! Finance)
BRYN MAWR, Pa.----As many as 60% of consumers selling their legal settlements do so to pay bills, according to a recent customer survey conducted by J.G. Wentworth, a specialty finance company that has been purchasing structured settlements since 1992.

Drought land 'will be abandoned' (Guardian Unlimited)
Parts of the world may have to be abandoned because severe water shortages will leave them uninhabitable, the United Nations environment chief has warned. Achim Steiner, executive director of the UN Environment Programme, said water shortages caused by over-use of rivers and aquifers were already leading to serious problems, even in rich nations. With climate change expected to reduce ...

Troughton devoted to Thames to the end (London Free Press)
His life flowing away, Michael Troughton clung to the last sacred hours to finish his conversation about the river. He spoke to two colleagues for a couple of hours about a manuscript he had finished, making sure of the next steps to get it published.

Advanced Settlements Offers A New Funding Option (PR Newswire via Yahoo! Finance)
Advanced Settlements, a national leader in the life settlement marketplace now offers and a new funding option where you and your client can now participate in Life Settlements and ensure full personal and medical redaction.

Unity Life set to acquire Canadian insurance business of Forethought


Unity Life set to acquire Canadian insurance business of Forethought Financial Group (CNW Group via Yahoo! Finance)
Unity Life of Canada, a Foresters company, and Forethought Financial Group, Inc. today announced that they have entered into an agreement under which Unity Life will acquire the insurance business of Forethought's Canadian branch, Forethought Life Insurance Company.

Life Insurance Trusts and You (The Motley Fool via Yahoo! News)
Trusts are impressively flexible, offering many ways for people to use them. Revocable trusts can encompass many people's entire estate-planning needs in a single document. On the other hand, professionals have tailored some types of trusts to fit very specific situations and types of assets. The life insurance trust, primarily designed to hold life insurance policies, is a prime example.

Life insurance company fined $150,000 over annuities (BizJournals) The Oregon


Life insurance company fined $150,000 over annuities (BizJournals)
The Oregon Department of Consumer and Business Services this week ordered a life insurance company to change the way it sells annuities after finding the company sold policies to seniors who couldn t afford them.

Dix Hills man gets 9 years in prison in life insurance scam (Newsday)
The second time was not the charm Wednesday for a Dix Hills man who collected $6 million in life insurance by falsely claiming his brother died in an automobile accident in Pakistan, according to federal prosecutors.

Pharmaceutical, Healthcare & Life Sciences (Mondaq) The U. S. Department


Pharmaceutical, Healthcare & Life Sciences (Mondaq)
The U. S. Department of Health and Human Services (HHS) Office of Inspector General (OIG) began the new fiscal year, as it does each October 1, by issuing its annual Work Plan. The FY 2009 Work Plan identifies priorities primarily targeted by the Office of Audit Services and the Office of Evaluation and Inspections.

FEATURE-Jewish settlers vow to hang tough in occupied land (AlertNet)
Source: Reuters By Allyn Fisher-Ilan HAR BRACHA, West Bank, Oct 30 (Reuters) - Being a Jewish settler in occupied territory is the only life Renana Cohen has known for most of her 25 years, and she couldn't imagine ...

Hardline Jews vow not to budge from occupied land (Gulf Times)
HAR BRACHA, West Bank: Being a Jewish settler in occupied territory is the only life Renana Cohen has known for most of her 25 years, and she couldn t imagine living anywhere else, including within Israel s borders.

Global Life Underwriting Publishes White Paper Addressing Life Expectancy Methodologies; Scheduled to Attend LISA ... (Marketwire via Yahoo! Finance)
Global Life Underwriting has published a white paper for the life settlements industry explaining the difference between morbidity and mortality in life expectancy reports and its significance in creating standardized LERs that can be relied on by investors. Author Howard Freedland, CEO of GLU, explains that since life expectancy providers have "...no actuarial standards for translating ...

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