Life Insurance Settlement Association Announces 2009 Legislative Forecast: Consumers First

http://www.marketwatch.com/news/story/Life-Insurance-Settlement-Association-Announces/story.aspx?guid=%7B485C8270-1DCC-4151-A369-5DCE247097A6%7D
The Life Insurance Settlement Association (LISA) announced the organization’s forecast and priorities for state and federal legislation in 2009. “In 2009 LISA will focus attention on life insurers’ anti-consumer market conduct that impairs policyowners’ access to life settlements and other secondary market transactions.” They seem to have the customers interest at heart. They know that [...]

NMC wants $1M insurance policy on president

“TRAVERSE CITY — Northwestern Michigan College officials propose doubling President Tim Nelson’s life insurance benefit to $1 million, a perk that would cost taxpayers thousands of dollars extra in premium costs.”
This would mean that the same amount of money that goes to Nelson’s beneficiary will go to the community college. Nelson isn’t getting any more [...]

Insurance company owner admits mail fraud, gets six-year sentence

“Frank Whitbeck, 61, the owner of the failed Signature Life Insurance Co. of Little Rock, Ark., entered a guilty plea to one count of mail fraud and was sentenced to six years in prison. He also was ordered to pay $3.8 million restitution and fined $12,000 He also faces three years’ supervision after completing his [...]

What Are the Different Types of Homeowner’s Insurance Available?

Ok so in several previous posts here, here and here, I talked about homeowner’s insurance and dealing with the company through which I have my homeowner’s, Liberty Mutual.
I’ve learned a lot of good stuff that I’ll be sharing with you periodically; today I’m going to cover different types of home insurance people will be looking [...]

China is Spreading Life Insurance to Rural Areas

From http://www.onlyfinance.com:
“China LIFE Insurance, which is the largest insurer in China is to branch out small amounts of life insurance policies in rural areas. Nine provinces in China will be the testing points.
This is good news to China who have felt the effects of the credit crunch. However, China Life Insurance has [...]

Non-Resident Insurance Agent Licensing Bill – Pass or No Pass?

As of today, this hotly debated bill has been passed.
According to the article, the NARAB Reform Act from David Scott (D-Ga.) and Geoff Davis (R-Ky.) e would provide for nonresident insurance agent and broker licensing while preserving the rights of states to supervise and discipline insurance agents and brokers.
This legislation modifies the original NARAB provisions [...]

Cost Tops Consumers’ List of Excuses for Not Getting Life Insurance

To better understand why so many Americans do not have the life insurance coverage they say they need, the LIFE Foundation commissioned a survey that examined people’s reasons for not making a purchase. These are the top three reasons:
– 58% haven’t purchased a policy because they say it is too expensive — 23% say they [...]

Life Insurance Premiums in China Expand 67% in First 7 Months

Here’s an excerpt from the article on Xinhuanet.com:
“Life insurance companies in China, both domestic and foreign-funded, collected 481.89 billion yuan (70.55 billion U.S. dollars) in premiums in the first seven months of this year, up 66.7 percent year-on-year, the China Insurance Regulatory Commission (CIRC) said on Thursday.
The growth rate was 2.3 percentage points [...]

Life Insurance Stocks – The Next Big Thing?

Here’s a great article from Market Blog examining the often overlooked value of buying stock in life insurance companies.
Here’s an excerpt:
“Michael Goldberg, an analyst at Desjardins Securities, asked an intriguing question in a research note on Thursday: With so much focus on banks, is the opportunity in life insurance companies being overlooked?
His answer is yes. While [...]

September is Life Insurance Awareness Month

September is Life Insurance Awareness Month, an effort that is attempting to call attention to the increasing need of the average American for life insurance.
According to Ifawebnews.com, an estimated 68 million adult Americans have no life insurance at all, and most of those with coverage have far less than experts recommend.
And that’s really sad. No [...]