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That’s according to a new study by two Boston College marketing professors who say “mortality salience” is one reason why consumers shy away from buying annuities. “When you think about an annuity, you have to think about how long you have left to live, how many years you need to finance,” says Gergana Nenkov, Associate Professor of Marketing with the Carroll School of…

By a News Reporter-Staff News Editor at Investment Weekly News– A.M. Best has affirmed the financial strength rating of B++ and the issuer credit rating of “bbb” of Life Insurance Company of Alabama. The outlook for both ratings is stable. The rating affirmations reflect LICOA’s established regional niche market in its supplemental accident and health/life…

March 25– Christian Langford didn’t really want to go to the emergency room at Hamilton Medical Center in Dalton, Ga., when he discovered he had a staph infection in his arm two years ago. Langford’s health insurance paid $2,000, but he was still on the hook for another $1,800, money he says he just doesn’t have, despite regular calls from a collection agency.

Research Conducted at Charles Darwin University Has Provided New Information about Health Insurance. By a News Reporter-Staff News Editor at Insurance Weekly News– Current study results on Health Insurance have been published. According to news reporting out of Darwin, Australia, by VerticalNews editors, research stated, “It is unclear whether a social…

By a News Reporter-Staff News Editor at Insurance Weekly News– Chubb Limited announced the leadership team for its insurance operations in Bermuda. As previously announced, Joseph S. Clabby will continue to serve as Division President, Bermuda and Global Accounts. In his Bermuda role, Mr. Clabby has executive operating responsibility for the Bermuda- based…

March 25– ALBANY– Two individuals from Cairo were sentenced on Thursday in federal court in connection to an insurance fraud scheme, Acting United States Attorney for the Middle District of Georgia G.F. Peterman said sentences for Elbert Walker, Jr., 67, and Shirley Burk, 48, were handed down by Senior District Court Judge W. Louis Sands in Albany on Thursday after…

By a News Reporter-Staff News Editor at Investment Weekly News– A.M. Best has released its criteria procedure for the U.S. Property/Casualty Best’s Capital Adequacy Ratio and its updated Best’s Credit Rating Methodology for comment on Thursday, March 10. Executives from A.M. Best will review forthcoming, “Revisions to Best’s Credit Rating Methodology,” in an…

In celebration of 50 successful years as a global reinsurer; Hannover Re announces a unique international entrepreneurship competition with the aim to create new, innovative solutions that will redefine the insurance and reinsurance markets. The competition will take place across four innovation hubs worldwide: Boston, Berlin, Dublin and Johannesburg.

By a News Reporter-Staff News Editor at Health& Medicine Week– Royal Philips announced that its digital pathology solutions are among the first pathology IT systems and equipment to be certified for compliance with the U.S. Department of Defense security requirements, under its DoD Information Assurance Certification and Accreditation Process.

QBE North America Announces New Agreement with Public Risk Underwriters of Texas; Delivering Professional and Employment Practices Liability Insurance for Public Entities and Educational Institutions. By a News Reporter-Staff News Editor at Insurance Weekly News– QBE North America announced a strategic program alliance with Public Risk…

By a News Reporter-Staff News Editor at Insurance Weekly News– This week, EmblemHealth Senior Vice President, Product Innovation, Jay Sheehy spoke on engaging consumers at America’s Health Insurance Plans in Washington D.C. During the national forum on Health Insurance Exchanges, Mr. Sheehy addressed the current landscape and what carriers must accomplish…

By a News Reporter-Staff News Editor at Insurance Weekly News– CNA announced the appointment of Dieter Korte as Vice President, Underwriting for the company’s Manufacturing Segment, effective March 14, 2016. Dieter joins CNA from Chubb, where he served in a variety of roles over his 25- year tenure, including managing worldwide product lines, creating…

By a News Reporter-Staff News Editor at Insurance Weekly News– Bernstein Litowitz Berger& Grossmann LLP announced a $219 million class action settlement resolving investors’ claims against Virginia- based insurance company Genworth Financial, Inc.. The class action was filed on behalf of purchasers of Genworth securities from October 30, 2013 through…