Michael Jackson’s Death Raises Event Cancellation Issues

Published - 06/30/2009 12:00 AM

The sudden death of the “King of Pop,” Michael Jackson, leaves behind some uncertainty in the insurance world regarding coverage for his scheduled 50 live performances at London’s O2 Arena. Bart Nash, chief press officer, Lloyd’s C for Lloyd’s of London, said some event cancellation coverage was placed in the Lloyd’s ... 

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Insurers Focus Now On Reallocation, Risk Management

Published - 05/26/2009 12:00 AM

Most property-casualty and life insurers find growing and keeping business their biggest challenge and are reacting to the recession by increasing cash allocation and strengthening risk management, a survey finds. The research was reported by the Louisville, Ky.-based Insurance Asset Outsourcing Exchange, which analyzes and aggregates confidential insurers’ data for exchange ... 

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Hartford, MetLife post losses amid investment woes

Published - 05/01/2009 12:00 AM

NEW YORK (Reuters) - Hartford Financial Group (NYSE:HIG - News) posted its third straight net loss and said it plans to stop selling new policies in Japan and the United Kingdom, as the insurer reeled from the same weak financial markets that triggered a net loss at MetLife ... 

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Industry Analysts Rate Aflac's Investor Relations Best in the Insurance/Life Category

Published - 04/21/2009 12:00 AM

NEW YORK, April 20 /PRNewswire/ -- Aflac announced today that Institutional Investor has named the Georgia-based insurance company as the best in the Insurance/Life category for investor relations (IR). Aflac received the top selection among publicly traded U.S. companies, chosen by more than 1,000 industry analysts representing both the sell-side ... 

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Life insurers tap Federal Home Loan Banks in crunch

Published - 04/09/2009 12:00 AM

WASHINGTON (Reuters)—Some of the largest U.S. life insurance companies have increasingly turned to a government-backed banking network for funds as the capital markets have grown cold. Insurers' borrowing from the Federal Home Loan Banks—a network of 12 government-sponsored lenders—has been climbing since a global credit crisis took hold in the ... 

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John Hancock Financial Leads Industry in Life Insurance Sales for 2008

Published - 03/24/2009 12:00 AM

BOSTON, March 23 /PRNewswire-FirstCall/ -- John Hancock led the industry in total individual life insurance sales in 2008, according to a recent survey of 78 major life insurers by LIMRA International (LIMRA). According to LIMRA, John Hancock Life Insurance had sales in 2008 of $835 million in premium*. The company also ... 

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Montana Passes Bill Easing Captive Rules

Published - 03/20/2009 12:00 AM

The Montana Captive Insurance Association, Inc. (MCIA) said that a measure passed by the legislature that eases requirements for captive operations should strengthen the state’s position as a captive domicile. HB160 awaiting the signature of Gov. Brian Schweitzer, was given final approval by the House March 9 on a 47-1 ... 

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With AIG, Spitzer is Sheriff of Wall Street redux

Published - 03/19/2009 12:00 AM

Eliot Spitzer has a few words to say about the AIG bonus brouhaha: I told you so. The former New York governor battered American International Group with charges of corruption long before his own dizzying downfall in a prostitution scandal. He has used this latest financial scandal to strike his old ... 

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