RSS Feed
Total second-quarter U.S. sales of individual fixed annuities, including equity-indexed, declined 30% from the same period a year ago, to about $19.4 billion, according to Beacon Research and the Insured Retirement Institute. The second quarter marks the fourth consecutive quarter that sales dropped year over year. For the first six months of this year, sales [...]
INDONESIAN MINISTRY SELECTING STATE COMPANIES READY FOR IPO’S
Indonesia’s state enterprises ministry is selecting state-owned companies which are ready to go public next year. State Enterprises Minister Mustafa Abubakar said at the Indonesia Stock Exchange here on Wednesday that some of the companies being processed are operating in the fields of services, energy and insurance. “We are still selecting them but I am [...]
HealthWyse partners with ZirMed
HealthWyse, a provider of home health and hospice software and services, has partnered with ZirMed, a provider of revenue cycle management solutions, to bring enhanced administrative and revenue cycle management functions to home health and hospice organizations nationwide. The partnership pairs ZirMed’s claims management and revenue generation tools with HealthWyse’s core set of enterprise capabilities, [...]
Second-Quarter US Sales of Fixed Annuities Drop 30%, but Rate Advantage Over Treasuries Improved
August 31st, 2010 
gary FDIC Issues Fourth Quarter 2010 CRA Examination Schedule
August 31st, 2010 gary The Federal Deposit Insurance Corporation (FDIC) has issued the public list of institutions that it has scheduled for a Community Reinvestment Act (CRA) examination during the fourth quarter of 2010. This list is published pursuant to revised CRA regulations published in May 1995 that require each federal bank and thrift regulator to publish a quarterly [...]
Lawmaker bares more benefits for senior citizens
August 31st, 2010 gary A lawmaker has bared more benefits for the country’s senior citizens with the allocation of a total of P871 million in the proposed 2011 national budget to provide a P500 monthly pension to some 145,150 poverty-stricken senior citizens who are 80 years old and above. Cavite Rep. Elpidio Barzaga Jr., chairman of the committee on [...]
TP offers insurance plans via mobile phone
August 27th, 2010 gary Polish national operator Telekomunikacja Polska (TP) has teamed with insurance company PZU to allow customers to take out insurance plans using their mobile phones. Two versions of insurance are being offered – either PLN 11 or PLN 16 per month with death payments of PLN 50,000 or PLN 100,000. The service will initially be offered [...]
AIG Edision Life Insurance to overhaul pay for sales staff
August 27th, 2010 gary In a rare step for a life insurer, AMERICAN INTERNATIONAL GROUP INC’s Japanese subsidiary AIG EDISON life insurance CO. is changing how it compensates some of its legions of salespeople. In the life insurance business, large numbers of people are hired to sell policies with the understanding that large numbers will also quit, because the [...]
SeaBright Insurance Holdings Set to Rebound after Yesterday’s Selloff of 2.39%
August 27th, 2010 gary SeaBright Insurance Holdings (NYSE:SBX) traded in a range yesterday that spanned from a low of $6.53 to a high of $6.76. Yesterday, the shares fell 2.39%, which took the trading range below the 3-day low of $6.64 on volume of 108,000 shares. Shares of SeaBright Insurance Holdings are currently trading below their 50-day moving average [...]
Solvency Lowered on Premium Expansion
August 27th, 2010 gary With the high premium growth in China’s insurance sector, the industry regulator China Insurance Regulatory Commission (CIRC) has become worried about the inadequate solvency. From this January to July, China’s insurance institutions achieved the original premium revenues of CNY 903.9 billion, growing 33.19% compared to the same period of 2009. Of the total, the property [...]
Cinda Consortium Said to Negotiate on AIA Share Purchase
August 25th, 2010 gary China Cinda Asset Management Co., Ltd., one of the four state-owned asset management firms in the nation, is said to lead a consortium consisting of companies in Mainland China to purchase shares in AIA, disclosed people close to the matter. The people showed that Cinda now is negotiating with AIG, the parent company of AIA, [...]
AIA Regains No.1 among Foreign Life Insurers in China
August 25th, 2010 gary Premium revenue insurers in the Chinese market captured in the first seven months of this year reached about CNY 903.91 billion, soaring 33.19 percent year on year, according to statistics the China Insurance Regulatory Commission (CIRC), the top Chinese insurance regulator, released on August 23. In the property insurance sector, the proportion of the premium [...]
Healthier 2007 Insurance Industry Reported Revenue of $1.7 Trillion
August 24th, 2010 gary A data snapshot of the insurance industry by the U.S. Census Bureau, shows a pre-recession $1.7 trillion in total industry revenue. The census counted 184,752 separate insurance business establishments, the vast majority of those agencies. And at the time, more than 2.4 million people worked in the industry, a number more recently tallied at less [...]
American Financial Group Declares Dividend Increase
August 24th, 2010 gary American financial Group announced that its Board of Directors has approved an increase in the Company’s annual dividend from $0.55 to $0.65 per share of common stock. In a release dated Aug. 19, the Company said the increased dividend, when declared, will be paid on a quarterly basis of $0.1625 per share of common stock [...]
Government Employees Insurance Company to Name Top Sales Representative
August 24th, 2010 gary Two local Government Employees Insurance Company sales representatives – Kevin Ware of the Midway neighborhood of Chicago and Tim Calcagno of Schaumburg – will be welcoming their GEICO colleagues from around the country Aug. 26-29 when they gather in Chicago to celebrate GEICO’s sales representative of the year. According to a release, among the GEICO [...]
