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Life Assurance
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Life2009-01-05 Life Insurance Policies: A Nobel laureate explores life courier-journal The Courier-JournalThe novel tells a fairly simply story. At the stroke of midnight, on New Years Day, the citizens of an unnamed country experience immortality. From the start of the New Year, nobody in this country dies. The Queen is on a permanent deathbed, without full consciousness, held in ultimate suspension. Life-insurance policies have no use, and funeral parlors have no choice but to charge for the burial ceremonies of pet dogs and cats. Once the national state of shock fades, people react to this newfound immortality in many different ways. The novel becomes a philosophical inquiry into the great "what if. "
2009-01-04 Life Assurance: How to make unit trusts work for youGary Low, a senior financial consultant with Great Eastern Life Assurance (M) Bhd, says Malaysians in general prefer to invest in short-term, high-risk products that give higher returns than conventional savings such as fixed deposits or EPF dividends.
2009-01-04 Life Insurance Companies: NAIC Responds To Economic DifficultiesHeadquartered in Kansas City, Mo. , the National Association of Insurance Commissioners (NAIC) is a voluntary organization of the chief insurance regulatory officials of the 50 states, the District of Columbia and five U. S. territories. The NAICs overriding objective is to assist state insurance regulators in protecting consumers and helping maintain the financial stability of the insurance industry by offering financial, actuarial, legal, computer, research, market conduct and economic expertise. Formed in 1871, the NAIC is the oldest association of state officials. For more than 135 years, state-based insurance supervision has served the needs of consumers, industry and the business of insurance at-large by ensuring hands-on, frontline protection for consumers, while providing insurers the uniform platforms and coordinated
2009-01-04 Life Insurance: Hanover Insurance Group completes sale of unit - Daily Business Update - The Boston GlobeHanover Insurance in July said it would sell First Allmerica Financial Life Insurance Co. to Commonwealth Annuity and Life Insurance Co. , a unit of Goldman Sachs Group Inc. The transaction was valued at usd. 220 million. Hanover Insurance Group Inc. said today that it completed the previously announced sale of its remaining run-off life insurance business. Hanover Insurance said it will likely take an additional usd. 8 million loss during the quarter ended tied to the sale. The loss is primarily the result of investment-related purchase price adjustments. Hanover Insurance said it will provide further details on the charge when it reports fourth-quarter results.
2009-01-04 Life Insurance Coverage: New Hampshire financial services firms to mergeMassachusetts Mutual Life Insurance Company (MassMutual) announced the merger today. Both of the firms are part of MassMutuals general agencies in New Hampshire. The combined agency will have 33,000 clients and usd. 3. 4 billion in life insurance coverage.
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