Life insurance companies news

Once the largest insurance carrier in the world, American International Group (AIG), is about to get a fresh start as a more focused company since the U.S exists its stakes four years later the bailout, said Robert Benmosche, Chief Executive Officer, AIG.

One of the nation’s biggest life insurance policy providers, New York Life, has announced that the sales of mutual funds, annuities and life insurance policies has seen a significant increase between the months of January and September this year.

A U.S. judge sentenced on October 23 a former businessman of Costa Rica and owner of a soccer team to 60 years of prison sentence, after tearful and heart-wrenching testimonies of victims of an insurance fraud scheme amounting to $485 million.

The National Association of Insurance Commissioners has approved a new set of regulations that could lead to an increase in the reserves on certain life insurance products. These changes have necessitated the move by the insurers as well to increase the reserves in order to comply with the new guidelines.

Insurance Marketing Communication Award and Insurance and Financial Communicators Association Award Recognize Commitment to Offer High Quality Service by John Hancock to Distribution Partners A press release revealed that John Hancock Life Insurance won eight industry awards, including two prestigious ‘Awards of Excellence’. These awards have been from Insurance Marketing Communications Association and Insurance and […]

3 big insurance companies in Western part of New York seek for higher insurance rates for most of their plans because according to those companies the premiums just continuously rise faster than the rate of inflation. They need to increase around 10% to be able to continue with their regular operation. though, the increase will […]

Pan-American Life Insurance Group (PALIG) announced the receipt of regulatory approval for acquiring the assets of MetLife (NYSE:MET) along with its businesses in Panama, Costa Rica, Trinidad and Tobago, St. Lucia, and Cayman Islands. PALIG mentioned that the acquisition of MetLife assets and businesses in these areas has been completed. PALIG further stated that it […]

A life insurance agent in Baton Rouge has been charged with three counts of fraud after he purportedly accrued commissions through the sale of exaggerated policies to unsuspecting applicants. The insurance rip-off revolves around asset forfeiture, money laundering and mail deception. Timothy R. Schlatre now faces a possible imprisonment of not less than 30 years […]

The changing face of the global economy seems to be shaking up the Indian Life Insurance sector, with the European and American companies regressing, and the Japanese insurance firms penetrating the Indian markets, despite the constant pressure for raising the unswerving foreign investment threshold from 26 percent to 49%. Currently, the American Insurers New York […]

One of the recent studies in the field of health insurance policies has revealed that most people in the country who purchase their own insurance policies without being dependent on the ones that are being offered by their employers have policies with lesser benefits that what is being stipulated by the new health care law […]