Life insurance in your state news

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.

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.
Last week it was announced by Metlife [...]

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 [...]

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).
The superintendent of Financial Services, Benjamin Lawsky, said that [...]

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.
In a series of letters written to the PGA, US Representative Ileana Ros-Lehtinen has taken [...]

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. [...]

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 [...]

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 [...]

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 percentage of life insurance coverage in U.S. families is at its lowest in last fifty years. According to industry experts there are millions of households who are living without this safety net.  As per the recent report published by LIMRA, there are only 44% of the families who hold an individual life insurance policy [...]