The Life Settlement Institute, the leading organization representing secondary market providers for life insurance, responded today to a February 3rd ACLI News Release urging policymakers to ban securitization of life settlements.
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After a bad sales year in 2009, total U.S. sales of individual life insurance — defined as new annualized premium — won’t return to 2008 levels for about two years, said a senior analyst at industry research organization Limra…
The hearing will focus on the suspect practice of targeting seniors and terminally ill patients by inducing them to purchase an annuity largely for the benefit of investors or intermediaries…
The Southern California region of Kaiser Permanente has launched a workplace health experiment that has the potential to further cement its relationships with large business clients…
The Medicare Payment Advisory Commission is recommending to Congress that the U.S. government’s Medicare health insurance program for seniors reduce payments to private Medicare Advantage plans…
Across Massachusetts, veteran police officers with decades of experience are choosing to retire earlier than anticipated because of fears over Gov. Deval Patrick’s recently proposed changes to the state pension system…
New Name for Pioneer Group Reflects Broader Constituency and Services. MetLife, the nation’s largest life insurer, announced today that its nationwide group of highly trained Special Needs Planners serving families and individuals will operate under a new name, the MetLife Center for Special Needs PlanningSM.
Sales of fixed annuities were an estimated $19.6 billion in fourth quarter 2009, according to data from the Beacon Research Fixed Annuity Premium Study. Quarterly sales were down 43% and 11% compared to fourth quarter 2008 and third quarter 2009, respectively…
An interview with Chris Orestis, President of Life Care Funding Group Chris Orestis, president of Life Care Funding Group,…
Blue Cross and Blue Shield of North Carolina’s annual profit for 2009 dropped by 42 percent from the previous year, mostly because of higher medical costs and a lack of membership growth, the company announced…
New MetLife Study Examines. For decades, American Baby Boomers have been characterized as a bloc of people who think and act as one monolithic generation. In both a series of Demographic Profiles and a new study, The MetLife Study of Boomers in the Middle, facts are emerging about how distinct the segments are.
BIRMINGHAM, Ala. A lawsuit filed by the Justice Department against 18 attorneys, law firms and companies seeks repayment for payments made on behalf of 907 Medicare beneficiaries who were part of the massive agreement. Filed in December, the federal lawsuit doesn’t seek a specific amount. “The complaint speaks for itself,” he said.
The political bickering about health care is nowhere near complete, but that doesn’t mean your health insurance is sitting idle…
Anthem Blue Cross, the California subsidiary of the nation’s largest health insurer, WellPoint Inc., has used enormous rate hikes to force patients into lower-benefit and higher-deductible health coverage in violation of state law, according to a class action lawsuit filed today by Blue Cross policyholders and consumer advocates…
U.K.-based international life insurer group Prudential plc has shifted its center of gravity to Asia with the proposed $35.5 billion acquisition of AIA Group Ltd., the cross-border Asian life insurance giant owned by AIG…
Christopher Swift joins The Hartford from American Life Insurance Company (ALICO), an operating company of American International Group (AIG), where he was Vice Chairman and CFO of the global life company…
Company leaders and trade groups in the life settlement industry predict a return this year of capital and interest in this secondary market for life insurance — an industry that they say is maturing as its state-by-state regulation becomes more complete…
Hannover Re said it inked a deal with Deutsche Bank for a $500 million long-term letter of credit facility that will allow the reinsurer to pursue growth opportunities in the U.S. life and health reinsurance market…
In this interview, Bhojwani discusses product trends, distribution issues and life settlement securitization. This is a longer version of the Perspectives appearing in the March edition of InsuranceNewsNet Magazine…
