Life insurance leader in the Philippines market declared

Life insurance market leader

A Canadian company has established dominance over the marketplace in the Asia Pacific country. It has just been announced that Sun Life of Canada (Philippines), has now been named the leading life insurance company in the market in the Philippines for the second year in a row. This ranking was based on premium income that was brought in through the sector in 2012. This official ranking for the local life insurance market was released by the Insurance Commission (IC), and confirmed that the insurer was still at the top of…

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California life insurer’s under investigation

Ten of California’s largest life insurance companies have come under investigation by state regulators for their handling of dormant policies. The ten are the latest in a sleuth of insurance companies nationwide that have been accused of withholding benefits from a policyholder’s family upon their death. Insurance Commissioner Dave Jones, along with State Controller John Chiang, will be leading the investigation. “The goal is to determine whether the insurance industry has engaged in unfair practices,” says Jones. The state’s probes uncovered some troubling information throughout the state, much of which…

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