Life Insurance

China Life, China’s largest life insurance company, selected Optibase’s advanced video encoding platforms (Nasdaq:OBAS) to enable live delivery of company meetings to its 2,000 branches.
China Life sells its products through an extensive distribution network of exclusive agents; direct sales representatives and agencies throughout China. In order to improve internal communications among its employees, China Life […]

Outraged over what they call a “Jim Crow standard for justice,” Black descendants of African slavery victims launched an online campaign against New York Life Insurance Company entitled, “Justice 4 One – Justice 4 All” – at www.justice4one-justice4all.com. The campaign raises questions about why, on January 26, 2004, New York Life forced Blacks out of […]

An Alameda man has been sentenced to life in prison without the possibility of parole for murdering his girlfriend and her daughter in a scheme to collect life insurance.
Victor Samuel Davis, 43, was convicted of fatally stabbing Jennifer Perry, 38, of Newark, and her developmentally disabled daughter, Regina Freeland, 20, of San Pablo.
On Thursday, Solano […]

For a life insurance company to be profitable, it is not only important for it to continue to sell new policies every year, but also to conserve the business that was sold in the past. To keep life insurance policies in force, it is imperative that selling is done correctly and that the life insurance […]

A Galveston bankruptcy court has rescinded $14 million in life insurance on a Clear Lake businessman who investigators say faked his death after being declared in default on a $4 million loan, an attorney said Friday.
Farmers New World Life Insurance Co. will refund the premiums on two $7 million insurance policies on the life of […]

On Nov. 19, 2004, Standard & Poor’s Ratings Services lowered its counterparty credit and financial strength ratings on Mutual of America Life Insurance Co. (MoA) to ‘AA-’ from ‘AA’. The outlook is stable.
The downgrade reflects MoA’s business concentration in a limited niche segment of the group annuity market. MoA has exhibited only moderate growth and […]

Lincoln Financial Group (NYSE:LNC) today outlined the succession plan for the previously announced retirement of Richard C. Vaughan, executive vice president and chief financial officer. Frederick J. Crawford, vice president and treasurer of Lincoln Financial Group, has been named to succeed Vaughan, effective upon Vaughan’s retirement in March 2005. A replacement for Crawford will be […]

Jackson National Life Insurance Co. will triple its number of life insurance policies when it completes a $254 million deal to acquire an Atlanta insurance firm.
In the deal announced today, Jackson National will acquire all the stock and the portfolio of Life of Georgia, whose parent company is ING, a Dutch financial company with net […]

Interest rate risk, market consolidation and the implementation of enterprise risk management (ERM) are key concerns for North American life insurance company CFOs heading into 2005, according to the latest CFO survey from the Tillinghast business of Towers Perrin.
The survey — the ninth in a Tillinghast series — found that 69% of CFOs identified […]

New York Life Insurance Company today announced that the company’s AARP Life Insurance Operation in Tampa, Florida, has marked the tenth anniversary of New York Life as exclusive underwriter of life insurance products to AARP’s members.
“We are pleased that, by working with AARP, New York Life has been able to bring the opportunity of life […]