Tag: life insurance companies

Life insurance companies now selling to HIV patients in US and Canada

Julie Campbell
HIV life insurance companies policy AIDS red ribbon

John Hancock in the United States and Manulife in Canada have both announced the lifting of the exclusion. On Friday, HIV patients received some good news from life insurance companies in the United States and Canada, as John Hancock Insurance and Manulife have both stated that they will be removing their exclusion for these patients. This is the second insurer in the U.S. to make this announcement and the first ever in Canada. On Friday, John Hancock Insurance said that it will be offering its policies to people who are…

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Will new U.K. insurance regulations limit industry competition?

H. Cutner
UK Insurance regulations

Insurers and consumers across the United Kingdom are wondering if new rules will spike prices. The U.K. government and industry regulators have now begun a new move to help to make changes to the insurance regulations that are currently in place through the Solvency II regime. The reason is that the government and insurance regulators are worried about a less competitive market. Recently, submissions were made to the European Commission, the Bank of England, and the Treasury in order to underscore the insurance regulations they are seeking to change. Within…

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Pennsylvania fines life insurance companies for partial benefits payments

Julie Campbell
Life Insurance Process

The state has been slapping insurers with penalties for failing to offer a full payout to beneficiaries. Pennsylvania has started implementing a crackdown on life insurance companies that have been discovered to be failing to pay out full benefits to the beneficiaries of policies soon after those policy owners have died. So far in 2015, the state has recovered $70.4 million for almost 4,300 beneficiaries in Pennsylvania. This is all a part of a broader effort by the Pennsylvania Department of Insurance, which involves a number of other states, as…

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Life insurance report reveals key trends to 2018

G. Turner
Life Insurance

Research and Markets has now released a new publication that provides insights into opportunities in the Philippines. Analytics firm, Research and Markets, has now added a new report to its offerings which they have entitled “Life Insurance in Philippines, Key Trends and Opportunities to 2018”, providing insight into that location and the opportunities that are opening up there over the next four years. The results of the study showed a number of important trends within this sector of the insurance industry. This life insurance news report showed that in the…

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Life insurance companies do not prefer e-cigarettes

Julie Campbell
electronic e-cigarette life insurance

The tobacco free options may seem to be healthier but insurers are not seeing them that way. While electronic cigarettes may be designed to mirror the smoking experience while removing the carbon monoxide, tar, and other chemicals and toxins that make tobacco one of the top cancer causers, life insurance companies continue to consider their users in the same way that they would a smoker of a traditional cigarette. Many smokers have been trying to use e-cigarettes to break their nicotine addictions. Quitting smoking is not an easy feat. Life…

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