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A.M. Best Co. has affirmed the financial strength rating of A and issuer credit rating of “a” of RBC Life Insurance Company . The outlook for both ratings is stable. |
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Allianz Life Insurance Company of North America today announced that it will be offering golf fans who attend the Allianz Championship the chance to win a once-in-a-lifetime trip to the 2011 Masters. |
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Insurance regulators have published a paper examining regulatory issues that emerge from the growth of the life insurance industry’s managing general agency model. |
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Valentine's Day is one of the more traditional holidays to express how you care for someone. Â However, according to a recent study published by LIMRA, fewer of us today have insured the financial future of our loved ones. Â In 2010, it was found that only 44 percent of U.S. households have individual life insurance, and 30 percent of U.S. households have no coverage. Â According to leading life ... |
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Even wealthy investors may be unfamiliar with private placement life insurance, which is an investment placed inside a tax-free insurance policy. |
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Allstate ( NYSE : ALL) recently announced the launch of GoodForLife, a unique multi-coverage life insurance product that provides New York consumers life insurance, severe accident benefits, and terminal illness coverage in one bundled policy. |
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BOOSTED by strong economic conditions, the life insurance industry saw its level of new business sales for last year returning back to pre-crisis levels. After four straight quarters of strong growth last year, the industry ended the year on a high note, achieving a robust 16 per cent growth in weighted new business premiums to $1.65 billion. Of that, $527.9 million was recorded in the fourth ... |
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SINGAPORE: The robust economic growth and a rising immigration population in Singapore last year have given a boost to the life insurance industry which posted a 16 per cent on-year increase in total sales for 2010. |
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With the Budget just round the corner, insurance companies have suggested a separate limit for deductions under Section 80C of the Income Tax Act, for long-term saving instruments like life insurance and exempt exempt exempt (EEE) treatment on the maturity proceeds of products. |
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It is a misconception that life insurance is only for the middle aged or those with families. Most young people just beginning careers have probably not given much thought to life insurance. |
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Texas Insurance News
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HHS Denial
01/27/12 -
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TWIA Statement
01/26/12 - Commissioner Eleanor Kitzman of the Texas Department of Insurance issued a statement today following the TWIA Board's decision to retain a consulting actuary.
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Self-insure
01/24/12 - AUSTIN, TX - The Texas Department of Insurance, Division of Workers’ Compensation approved 13 renewals of the certificates of authority for companies to self-insure their workers’ compensation claims for a one-year period.
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workinjury2010
12/13/11 - Texas reported a fourth year decrease in the number of work-related injuries and illnesses requiring days off work in 2010.
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Commissioner Statement
11/22/11 - Commissioner Kitzman issues statement on NAIC resolution urging Congress to amend the Medical Loss Ratio provisions of the Patient Protection and Affordable Care Act to ensure consumer access to agents and brokers.
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Insurance News
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Out of Trust C.M. Meiers Brokerage in Southern California Fetches $1.375 Million at Auction
Woodland Hills, Calif.-based C.M. Meiers Co. Inc. was auctioned on Friday at a U.S. bankruptcy court near Los Angeles, with three competing bidders pushing the sales price to $1.375 million for the troubled brokerage’s assets and assumption of its liabilities, …
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Virginia Court Grants Rehearing of Global Warming Claims Case
The Virginia Supreme Court has recently granted rehearing of a closely followed legal case involving global warming, The AES Corp. vs. Steadfast Insurance Company. The court says its previous decision on the case has been “set aside.” On Jan. 17, …
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Judge Certifies Investor Class Action Against Goldman Sachs
Goldman Sachs Group Inc. was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. U.S. District Judge Harold …
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Aon Expands U.S. Tenant Rent Default Offerings
Aon has expanded availability to new states for its Aon Rent Protect product that reimburses landlords for lost income when tenants default on rent payments. The product was initially launched in California, Colorado, D.C., Ohio and Pennsylvania, and it is …
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Earnings Reports: Validus Holdings
Q4 2011 Q4 2010 Gross premiums written -$278.28 mn $258.7 mn Full year - 2011 2010 $2.1247 bn $1.99 bn Net premiums earned — $488.35 mn $432.8 mn Full year – 2011 2010 $1.802 bn $1.761 bn …
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XL Enhances Real Estate Portfolio Protection
XL Group’s insurance segment has launched enhanced pollution protection for real estate portfolios. The product will be available through the segment’s environmental team. The new product is aimed toward portfolio property owners and managers, developer and redevelopers, and real estate …
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Ohio Announces $11.6M in Insurance Savings, Recoveries in 2011
Insurance regulators saved or recovered $11.6 million for Ohioans in 2011, the Ohio Department of Insurance announced. The department said it received 5,336 consumer complaints, the majority of which dealt with the denial of insurance claims. Of the recoveries realized …
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TDECU Insurance Acquires 2 More Texas Independent Agencies
TDECU Insurance Agency LLC announced it has acquired two independent insurance agencies: Assurance Insurance Agency Inc. (Assurance) based in Bellville, Texas, and Burridge Insurance Agency Inc. (Burridge) based in Angleton, Texas. These agency acquisitions are on the heels of TDECU …
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Utah Offers New Earthquake Hazard Maps for Salt Lake County
Utah is selling new maps that show the shaking intensity of earthquakes for the west half of Salt Lake County. The set of 10 maps also spotlights the risks of landslides, rock falls, floods, radon gas and other hazards in …
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Federal Disaster Loans For More Reno Fire Victims
The U.S. Small Business Administration is setting up shop in Reno again to help facilitate federal disaster loans for residents and businesses after Washoe County suffered its second big wildfire in two months. The low-interest loans became available Friday to …
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