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MIB Life Index Reports North American Life Insurance Activity Off 8.9% in December
North American application activity for individually underwritten life insurance declined -8.9% in December, year-over-year according to the MIB Life Index...
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Coalition Sues SEC Over New Annuities Regulation
A coalition of insurance companies and independent marketing organizations has filed suit in federal court to overturn Rule 151A, the newly published rule by the Securities and Exchange Commission that classifies indexed annuities as securities...
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New NAIC CEO to Head Center for Insurance Information
The National Association for Insurance Commissioners will be making its headquarters at the NAIC’s Washington, D.C., office for its incoming CEO, Therese M. (Terri) Vaughan...
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Obama Faces Many Immediate Decisions; Insurance Issues Take Backseat
USA Today runs down the list of pressing concerns facing Barack Obama following inauguration. Insurance issues do not rise to the top...
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BestWeek: For Insurers, Bush Era Was Mix of Frustration, Accomplishment
He leaves office this week with record low approval ratings and his party on the ropes. But from the perspective of insurers, President George W. Bush's eight years in office produced a number of accomplishments they hope will prove lasting, according to A.M. Best...
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| Top Life & Health Headlines |
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GAO: Federal Insurance Charter Could Have Unintended Consequences
A new government report on the nation’s financial regulatory system provides more evidence of the need for Congress to target specific areas of financial services regulation apart from the property/casualty insurance industry...
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NAIFA Chief Says Life Agents Welcome Estate-Tax Freeze
Life insurance agents are welcoming suggestions that President-elect Barack Obama and congressional leaders could opt to freeze the federal estate tax at 2009 levels, rather than let the tax sunset in 2010...
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Life Insurance Firms Face A Year Of Challenges And Opportunities, According To Watson Wyatt
With the economy expected to remain sluggish and regulatory reform looming, U.S. life insurance companies will face significant challenges in 2009, according to Watson Wyatt, a leading global consulting firm...
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Consolidation, Litigation Likely Fallout From Massive Cuts to Medicare Advantage
Massive, across-the-board payment cuts to private Medicare Advantage health plans are a virtual certainty under incoming U.S. President Barack Obama and the Democratic-led Congress...
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Federal Officials Halt Enrollment in WellPoint Medicare Plans
The federal Centers for Medicare and Medicaid Services has barred WellPoint Inc. from enrolling new members in its Medicare Advantage and Part D prescription drug plans, citing a bevy of consumer complaints about the health insurer allegedly denying legitimate prescription drug benefits...
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Law Firm Investigating Secret Life Insurance Polices
Attorneys from Houston’s The Clearman Law Firm are announcing a nationwide investigation of banks that have purchased secret life insurance policies in order to collect benefits when current and former employees die...
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New Research From EBRI: Study Examines Issues in Capping Tax Exclusion of Health Coverage
The nonpartisan Employee Benefit Research Institute published a detailed study of the implications for employers and workers involved in capping the tax exclusion for employment-based health coverage, an issue that could come up during this year's expected debate over overhauling the nation's health care system...
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Half of Full-Time Employees Surveyed Misunderstand Cancer-Related Medical Expense Coverage
Half of working Americans with health insurance surveyed say they don't have a clear understanding of what their health insurance covers for medical expenses related to cancer treatment...
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AIG Financial Advisors Looks to Change Name to SagePoint Financial
AIG Financial Advisors is planning to be renamed SagePoint Financial Inc., partly to build a new identity "with a name change inevitable under new ownership," according to an internal memo...
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WellPoint Says It Will Cut 1,500 Jobs
Health insurer WellPoint Inc. said it will cut about 1,500 jobs to eliminate about 3.5 percent of its staff, which currently totals more than 42,000. More than 900 open positions and 600 associate jobs are being cut...
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Death Tied To Life Insurance Scam
A 26-year-old Detroit man living in New Orleans is accused of killing his friend after making himself the beneficiary of two $250,000 life insurance policies...
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Uncertainties Shadow Health Care, Retirement Plans
Benefit managers have entered 2009 with a host of concerns regarding their departments' operations and their employee benefits offerings in the wake of the dismal economy...
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| Top Property & Casualty Headlines |
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Insurers Anticipate a Year of 'Defense' in 2009
With a less-friendly political climate and a downright hostile economic climate, U.S. property/casualty insurers are anticipating renewed legislative and regulatory battles in the states in 2009...
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Property/Casualty Chiefs See Lingering Effects From 2008 Financial Storm
Some of the property and casualty sector's top executives said their industry weathered the financial storm of 2008 very well, but the effects of the crisis will linger through 2009 as capital constraints limit underwriting options...
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Insured Catastrophe Losses Hit $45 Billion In '08
Catastrophes caused more than $200 billion in economic losses in 2008, while insured losses totaled $45 billion, according to research from Munich Re Group...
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Property/Casualty Insurance Joint Industry Forum
The property/casualty insurance industry faced a series of challenges in 2008 as the financial crisis and natural catastrophes took their toll, but the insurance business model remains strong going forward...
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Property Insurance Issues and the Image of the Insurance Industry Are Primary Focus of 10th Annual Windstorm Insurance Conference
The concerns of property insurance and the perils facing the industry are some of the key issues to be addressed at the Tenth Annual Windstorm Insurance Conference, set for January 25-28, 2009 at the Rosen Centre Hotel in Orlando, Florida...
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Hundreds of State Farm Katrina Lawsuits Settled; Racketeering Suit Dismissed
Hundreds of cases in Mississippi accusing State Farm of wrongdoing, including racketeering, in the aftermath of Hurricane Katrina have ended with a settlement, while the once-prominent attorney who had originally filed the lawsuits against State Farm is being sued by another attorney on allegations of racketeering...
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PCI, Industry Prepare For Major Federal Challenges in 2009
Three dominant challenges confront the property casualty insurance industry on the federal level in 2009, according to the Property Casualty Insurers Association of America...
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Congressmen Demand Fed, Treasury to Detail AIG Oversight
The U.S. Treasury Department and Federal Reserve have failed to exercise proper oversight of American International Group Inc., despite more than $150 billion in taxpayer funds that have been used to support the insurance giant, two federal lawmakers charge...
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Arrr! Aon Hoists Insurance Against Pirates
Believing that piracy will be a continuing problem in 2009, Chicago-based insurance broker Aon Corp. has hoisted a new policy for charterers, shipowners and cargo owners to cover the losses of earnings from ships detained by the scurvy dogs...
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Massachusetts to Dissolve Auto Insurance Appeals Board
Massachusetts Insurance Commissioner Nonnie Burnes eradicated the state's unique 15-member Auto Insurance Appeals Board, saying it is costly, time-consuming and inefficient...
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State Farm Points to 'Deteriorating' Fla. Situation After Regulator Disapproves Rate Hike
Florida Insurance Commissioner Kevin McCarty has issued a final order denying State Farm Florida its request for an average statewide 47% homeowners insurance rate increase, officially putting a stamp on a ruling by the Florida Division of Administrative Hearings...
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What You Drive Defines Your Driving Style
The findings show that drivers of high-performance vehicles are by no means in the lead when it comes to counting the Top 10 most-ticketed vehicles...
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| Featured Press
Releases |
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Software Illustrates MYGA Benefits to Clients
Agents can discover how to easily explain the income tax advantages and interest rate guarantees of annuity products as an attractive alternative to taxable accounts with a powerful software offered by InsurMark. This split annuity laddering software has closed millions of dollars in annuity sales...
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How and why to Buy Insurance Leads
You may not be interested in buying insurance leads right now, but this can change at anytime. Many agents have their own way of doing things, and in turn avoid buying leads for the most part...
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Creative Marketing Announces New Head of its Actuarial Consulting Division
Kevin Cloud, FSA, MAAA, has been named Vice President & Product Actuary of the Actuarial Consulting and Product Development Services (PDS) Division of Creative Marketing...
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Your Day as an Insurance Agent
What does your day look like as an insurance agent? Do you have a set schedule, or do you bounce all over the place? The most successful agents know what they are doing, and where they are going...
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AgentsofAmerica.ORG Announces Risk Management eBook
AgentsofAmerica.ORG announced that it will publish an eBook, "Thirteen Things Every Insurance Agent & Broker Should Know"...
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Three Steps for Becoming a more Successful Agent
Are you an insurance agent? If so, you may be having a lot of success. Of course, there are some agents who are struggling. If you want to become a more successful insurance agent you need to know the steps to take and how they will affect you as you move forward...
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Insurance Advertising & Marketing Tips
There are several methods of advertising and marketing insurance agents may or may not be aware of. Every year most agents look at their advertising budgets and try to focus on what works best for their agency...
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Don’t Limit your Success as an Insurance Agent
As an insurance agent it is easy to become complacent. In other words, if you are making regular sales and good money you may settle into a comfort zone. While there is nothing wrong with being comfortable you need to remember that there may be more out there...
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Duck Creek Technologies Unveils Redesigned Web Site
Duck Creek Technologies, Inc., a leading provider of software and services for the insurance industry, announced that it has launched a newly designed web site (www.duckcreektech.com)...
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Colorado Casualty™ Introduces Workers' Compensation to Product Line
Colorado Casualty, a Liberty Mutual Agency Markets regional company, announced today that it is adding workers’ compensation coverage to its commercial insurance product line in February...
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E&O Prevention Strategies for the Professional Agent
AgentsofAmerica.ORG Introduces....E&O Prevention newsletter on a complimentary basis to all members...
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Exceptional Risk Advisors Opens Minneapolis Branch. Michael J. McCollow To Head Office
Exceptional Risk Advisors, a managing underwriter specializing in innovative high-limit life, accident and disability products for athletes, entertainers and highly compensated executives, entrepreneurs and professionals announced the opening of an office in Minneapolis...
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Don’t be a Stranger
Do you have a long list of insurance leads that are not yet ready to buy? If so, you should not throw these leads in the trash. Instead, you need to realize that they may turn to you in the future when they are ready to make a purchase...
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Are Consumers Rejecting you?
If consumers continually reject your services there is a good chance that something is going wrong. The question is: what can you do about this? Before you can fix your situation you must first determine the problem...
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