Tag: life insurance company

Life insurance company pursued by New Mexico officials

Insurance industry News

The insurer is currently at risk of being shut down if it doesn’t make its payments. Officials in New Mexico are currently working to collect over $100,000 from a life insurance company that has previously stated that it will not make payments to two deceased state employees who had been paying for this coverage. The insurer, which is based in Oregon, has stated that a lack of medical history form prevents the payment. According to Ed Burckle, the General Services Department Secretary, the reason that the life insurance company will…

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Life insurance policy beneficiaries can help to ensure they receive their due

New York Homeowners Insurance Rules

There are ways for people to find a deceased person’s coverage even when no record was left. Beneficiaries of life insurance policies have struggled with the ability to collect the payout from the coverage when their deceased loved one has failed to leave any record of the insurer or any other identifying information. Though recent crackdowns have encouraged insurers to make a larger effort, beneficiaries can do their part. There is no central database that a beneficiary can call in order to find out what life insurance company sold the…

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Imperial Holdings targeted by federal insurance regulators after allegations of fraud

Marc

Imperial Holdings has become the target of a federal criminal investigation after insurance regulators caught wind of allegations concerning the life insurance branch of the company – Imperial Finance and Trading. The investigation applies only to the company’s life insurance premium finance business and no other aspect of the company. A multitude of class action lawsuits have been filed against Imperial Holdings since September of last year. Many of these lawsuits are coming from shareholders who claim that the company is committing fraud. Federal regulators seized control of the company’s…

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The Hartford launches new life insurance Issue First process

Nordstrom

The Hartford has announced that it will now be able to offer its customers permanent life insurance in as little as five days, by way of its brand new First Issue process. As the current average in the industry for permanent life insurance delivery is 48 days, the new Hartford process has reduced that time to a mere fraction. It shows that the insurer has listened to the common complaint that they receive from their customers: that life insurance takes too long to purchase, and that they have done something…

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HSBC EXPANDS INSURANCE BUSINESS INTO BEIJING

Guest Author

HSBC Life Insurance Company Limited (HSBC Life), a 50:50 joint venture between HSBC Insurance (Asia) Limited and Beijing-based The National Trust Limited, marked the official launch of its insurance operations in Beijing in a ceremony held today after receiving a licence to offer HSBC insurance products in the city recently. HSBC Life has been operating in Shanghai since August 2009. HSBC’s expanded insurance presence in China will enable HSBC and Hang Seng Bank customers across a combined 14 outlets in Beijing to access a comprehensive range of HSBC insurance solutions…

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