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Life insurance in your state news

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Monday, August 26th, 2013

Second quarter witnesses improved sales of life insurance at New York Life

The largest life insurance provider in America, New York Life, has announced uninterrupted strong sales of mutual funds, income annuities and life insurance during the second quarter of 2013.

Friday, November 9th, 2012

Revamping of health insurance in California picks up speed

The re-election of President Obama as the President of the United States has caused state officials in the state of California to speed up their implementation of healthcare reforms to the Affordable Care Act.

Thursday, May 3rd, 2012

Life insurance beneficiaries in Pennsylvania protected in Metlife Settlement

There are a little over 30 states who filed a lawsuit against Metlife Inc which is a leading provider of life insurance in the United States. The Pennsylvania Insurance Department is representing its state in ensuring the beneficiaries of their policy holders get what is rightfully due to them.

Saturday, February 25th, 2012

Wisconsin’s request to exempt certain health insurers rejected by the Federal Government

Wisconsin’s request that health insurance providers spend 80 cents of every dollar towards medical care premiums has been rejected by the Obama administration. One of the provisions of the financial reforms recommended by Governor Walker administration in Wisconsin requested that the change be phased over the next three years for all health insurance policies issued to families and individuals. The proposal also requested that the providers spend at least 71 percent towards medical claims in the year 2011 and 74 percent in 2012.

Wednesday, February 22nd, 2012

New York regulators commence insurance audit to assess increasing insurance costs

The request to increase the rates for health insurance policies by New York insurance providers has instigated the New York State Department of Financial Services to launch a detailed probe to verify the credibility of the information provided by the insurance providers and HMOs (health maintenance organizations).

Friday, February 10th, 2012

Miami Congresswoman Urges PGA To Drop German Insurer Allianz

Miami congresswoman US Representative Ileana Ros-Lehtinen has urged PGA to drop German insurer Allianz, because they have refused to pay life insurance claims to the survivors of the Holocaust. The German insurer is sponsoring a professional golf tournament in Boca Raton.

Tuesday, February 7th, 2012

Massachusetts Mutual Life Insurance Company Is Rated By A.M. Best Co.

Massachusetts Mutual Life Insurance Company has been given a debt rating (aa-) by A.M. Best Co., to the $400 million, 30-year surplus notes, which was issued by MassMutual, Springfield, MA. However, the present financial strength, debt & credit ratings of the issuer and its affiliates have remained unchanged. MassMutual would be utilizing the proceeds from the offering, for other general purposes, and will thereby strengthen the statutory capital position.

Friday, January 20th, 2012

Online rating system introduced by Grant, Hinkle and Jacobs, the San Diego Life Insurance provider

San Diego Life Insurance’s leading provider, Grant, Hinkle and Jacobs, has introduced the latest online rating system for the benefit of its customers. This company, which has a great market reputation in the San Diego region, has implemented a new feature that allows customers to rate the various offerings on the policies. This second generation company specializes in offering business life insurance, insurance life San Diego, Philanthropic Planning and Succession Planning.

Saturday, January 14th, 2012

Texas Firm Duped Its Customers, says SEC

According to regulators a life-settlement firm based out of Texas along with three senior executives underestimated the estimates for life expectancy which literally duped the shareholders. According to US Securities and Exchange Commission or SEC, Life Partner Holdings along with Brian Pardo CEO and Chairman, Scott Peden, general counsel and David Martin, chief financial officer failed to disclose a considerable risk to the business of Life Partners. There are allegations that the estimates of the company on life expectancy were based on the estimates of a Nev. Based doctor. Interestingly, Reno, the doctor neither had prior experience or training to provide estimates for life expectancy.

Saturday, December 3rd, 2011

Purchasing habits for life insurance is changing

It is often said that life insurance policies are sold and not bought. However a recent study has shown that there are many more Americans who prefer to purchase life insurance policy by way of direct buying techniques. About 64 percent of the consumers still like to purchase life insurance from financial of insurance professionals; the number has decreased since 1996, when 80 percent people chose to buy the policies face-to-face. Nowadays over 26 percent of the adult consumers like to buy life insurance products directly through mail, phone or the Internet.

OTHER LATEST LIFE INSURANCE NEWS

January 15th, 2015

Key Trends of Life Insurance to Expect Between 2015-2018

It’s a new year, and a new beginning as people say goodbye to 2014. We hope it was a prosperous and sound year for all.

January 12th, 2015

China’s Forsun International Moves into the US Life Insurance Market

Moreover, Robert S. Cubbin, the CEO and President of Meadowbrook reportedly said that the company’s partnership with Forsun adds more strength to its capital base. In addition, the pact will enable the US-based firm insurance company to improve its services and increase profits.

December 19th, 2014

Life Insurance Investable Assets in Asia to Experience Visible Progress in 2015

According to the global analysis reports by Cerulli Associates Asia Pte Ltd., there will be a remarkable growth in the assets of the life insurers in the largest markets of Asia. It has been reported that their investable assets will grow about 15% in the year 2015 and will hit 2.4 trillion USD.

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