Live Insurance News

Life insurance industry troubles may fall to consumers

November 1, 2012October 30, 2012 Nordstrom

Life insurance industry representatives meet to list their woes The woes of the U.S. insurance industry are likely to get the notice of consumers, even those that are not so keenly attuned to the world of insurance news. This may be particularly true in the realm of life insurance. The life insurance industry has been facing troubling times in the U.S. and representatives from some of the largest companies in the country met in Washington for the American Council of Life Insurers conference to list their woes. These troubles are…

Insurance news from MMI shows coverage laps rates will be increasing

October 24, 2012April 30, 2013

Insurance news reports on cancelled policy trends

The third largest life insurer in South Africa has warned that this trend may be on the way. MMI Holdings, South Africa’s third largest life insurer, has released an insurance news announcement to warn the sector about a potential increasing lapse rate trend as consumers begin to feel the strain of trying to keep up their premiums payments. This trend refers to the cancellation of policies as the result of premiums nonpayment issues. The CEO of MMI Holdings, Nicolaas Kruger, explained that consumers are feeling a significantly larger amount of…

Life insurance branch of Hartford now acquired by Prudential

October 1, 2012 Nordstrom

The purchase was made for a reported $615 million in cash. Prudential Financial Inc. has announced that it has purchased the Hartford Financial Services Group Inc. individual life insurance business for a cash total of $615 million, adding greater substance to its American operations as its rival works to shed excess weight. It is believed that the deal will close at or near the beginning of 2013. According to a statement from Hartford, this will give it the opportunity to help free up close to $1 billion in capital that…

Life insurance policies are frequently unclaimed

September 22, 2012September 22, 2012 Julie Campbell

Policyholders are being advised to take care when naming their beneficiaries. Over the last while, concerns have been growing over the number of life insurance companies that are not paying off the policies to beneficiaries when the policyholders die. The problem is that many beneficiaries don’t realize that they hold this position. Many consumers are failing to tell their loved ones when they take out a life insurance policy or don’t tell them that they are the beneficiaries. This makes it far more challenging for the insurers to make sure…

IBISWorld updates report on life insurance industry in Australia

April 27, 2012May 26, 2012 Marc

Insurance News on Insurance Market Calculations

Report suggests the industry is struggling due to lingering economic woes Market research and analysis firm IBISWorld has made updates to one of its reports concerning the state of the life insurance industry in Australia. The report had initially noted that the industry has been showing signs of progress due to growing demand for traditional life insurance coverage. The firm has updated the report to show that this demand is not being reflected in the life insurance industry’s revenue performance. IBISWorld suggests that poor revenues seen throughout the industry are…