Ancillary Insurance Radar

A Matter of Time: Independent Contractors Morph into Employees

Tue, 10 Nov 2009 08:02:03 PST

We turn yet again to the ever-troubling issue of independent contractors. In today's case we examine a situation where two individuals, beginning as legitimate independent contractors, morph over time into employees. It's a cautionary tale that demonstrates what is true today may no longer be true tomorrow. Fred Cromwell and Jeff Bankston became involved in the restoration of damaged telecommunication...

Independent Research Firm, Experts to Provide Tips for Building Customer Relationships (Business Wire via Yahoo! Finance)

Tue, 10 Nov 2009 05:53:00 PST

INDIANAPOLIS----One of the nation’s leading independent research firms will provide marketers an understanding of customer communication preferences, and how to build effective multichannel marketing campaigns during a Webinar at 2 p.m.

Video: John Hancock Financial Network (JHFN) Introduces Build4Success -- Equity & Succession Platform (PR Newswire via Yahoo! Finance)

Tue, 10 Nov 2009 05:43:00 PST

John Hancock Financial Network today introduced an equity and succession platform to provide its financial representatives with assistance in the valuation, growth and sale of their practices.

Conseco reports $15 million in net income, riding Bankers Life success

Tue, 10 Nov 2009 05:35:29 PST

Bankers Life experienced a 26% increase in its pre-tax operating earnings, which, along with a boost in life and Medicare supplement sales, led its parent, Conseco, to report $15.4 million in net income in the quarter.

Conseco reports $15 million in net income, riding Bankers Life success originally reported at IFAwebnews.com.

Ex-Lincoln Bank CEO Gunkler dies

Tue, 10 Nov 2009 00:52:09 PST

Ex-Lincoln Bank CEO Gunkler dies Fort Wayne Journal Gazette - 1 hour ago Carl A. Gunkler, former president and chief executive officer of Lincoln National Bank & Trust Co., died of heart disease Saturday. He was 89. Gunkler, a North Side High School graduate, said he ...

AIG May Be Able to Pay Back Fed Loan, Moody's Says

Mon, 09 Nov 2009 14:14:52 PST

AIG May Be Able to Pay Back Fed Loan, Moody's Says
Bloomberg - 1 hour ago

By Hugh SonNov. 9 (Bloomberg) -- American International Group Inc., the insurer bailed out by the US, will be able to repay its Federal Reserve credit line and “much or all” of the Treasury ...

Moody's Suggests AIG (AIG) Could Repay the US - StreetInsider.com

Axa Asia Pacific Rejects Joint Acquisition Bid from Axa S.A., AMPLoading...

Mon, 09 Nov 2009 12:09:33 PST

U.S. Annuity Persistency (2009, 3rd quarter)

Mon, 09 Nov 2009 11:20:00 PST

What has been the persistency of U.S. annuities in the latest quarter of 2009?

Disabled Carpenter Climbs a Mountain

Mon, 09 Nov 2009 08:46:41 PST

Christopher Robin Briejer used to be a carpenter. He suffered a back injury in 2000 and was disabled from work. Except that he apparently kept on working. In 2003 he hurt his back again while working without comp coverage. He claimed the new injury was a recurrence of the 2000 incident. The claim was re-opened and he began collecting benefits....

Financial firm to pay Montana investors $1.3 million for Ponzi scheme

Mon, 09 Nov 2009 04:00:03 PST

A Boston-based financial firm has reached a settlement with Montana regulators where it will pay $1.3 million to victims of a Ponzi scheme allegedly perpetrated by a former employee.

Financial firm to pay Montana investors $1.3 million for Ponzi scheme originally reported at IFAwebnews.com.

AIG To Draw Another $2.1B From Treasury

Mon, 09 Nov 2009 00:04:42 PST

AIG To Draw Another $2.1B From Treasury
Emii.com - 1 hour ago

American International Group is seeking to access another $2.1 billion from the US Treasury Department, Bloomberg reports. The proceeds will be used to purchase the shares of its aircraft leasing ...

AIG Q3 results show “signs of stabilisation”

Sun, 08 Nov 2009 23:42:08 PST

AIG Q3 results show “signs of stabilisation”
Insurance Daily - 10 minutes ago

by Gill MontiaAmerican International Group (AIG) reported a net profit of $455 million for the third quarter of 2009, compared to a loss of $24.4 billion in the same period of 2008.The insurance ...

The Dichotomy of Unum Group by Linda Nee « Lindanee's Blog

Sat, 07 Nov 2009 16:18:07 PST

According to a DEF 14A SEC Filing, made by UnumProvident Corp on 4/7/1007 the beneficial ownership of the Corporation rested with Hugh O Maclellan, Jr., members of his family, and/or trusts established for their benefit. ...

Make Your Long-Term-Care Insurer Pay Up

Sat, 07 Nov 2009 00:44:00 PST

the claims department and can assist family members with monthly invoices. Several insurers -- such as John Hancock, MetLife and Genworth -- now provide a 'care coordinator' for long-term-care claims. The coordinator -- often a nurse or a social worker

Employees may find insurance costs more

Sat, 07 Nov 2009 00:00:00 PST

DES MOINES, Iowa - Most workers focus on how much more they have to pay for health insurance when the annual open enrollment period rolls around, but current trends show they may have other choices to make this year.

LIMRA: Compliance and Market Conduct Exchange

Fri, 06 Nov 2009 20:55:00 PST

Baby boomers have trouble finding new work, study shows

Fri, 06 Nov 2009 20:08:00 PST

The New Realities of the Job Market for Aging Baby Boomers,' a sobering new study sponsored by the MetLife Mature Market Institute in collaboration with David DeLong and Associates, a research and consulting firm with expertise in work force issues. More

Risk & Regulation: Rebirth of the term-life agent

Fri, 06 Nov 2009 14:39:00 PST

Bank, Insurance Underwriter Referenced Companies: National Benefit Life Ins Co., Primerica Life Insurance Co., Aflac Inc., Citigroup Inc., MetLife Inc., Primerica Inc

Second Circuit Won’t Rule on Constitutionality of NY Workers Comp...

Fri, 06 Nov 2009 14:35:00 PST

The Second Circuit refused to exercise federal jurisdiction over claims by Liberty Mutual that recent amendments to

AIG posts profit of $499.3m

Fri, 06 Nov 2009 11:24:43 PST

AIG posts profit of $499.3m
Sky News Australia - 2 hours ago

Bailed-out insurance giant AIG has announced a third-quarter profit of $US455 million ($A499.3 million), a huge turnaround from a $US24.4 billion ($A26.8 billion) loss in the same period last year ...

AIG posts profit of $US455 million - The Age

SEC's New Division of Risk, Strategy, and Financial Innovation Adds Experts to Senior RanksLoading...

Fri, 06 Nov 2009 09:09:37 PST

Behind the Q/K: MetLife Inc. (third quarter 2009)

Fri, 06 Nov 2009 08:36:00 PST

MetLife reported a decrease in impairments for the three months ended ... Industries: Insurance Underwriter. Referenced Companies: MetLife Inc.

Citigroup to sell shares of Primerica life insurance unit

Fri, 06 Nov 2009 07:20:21 PST

Citigroup Inc. hopes to raise $100 million through an initial public offering of its life insurance and investment vehicle, Primerica, Inc.

Citigroup to sell shares of Primerica life insurance unit originally reported at IFAwebnews.com.

Two Insurers Tout Green Building Designations - National Underwriter Property And Casualty Insurance News

Fri, 06 Nov 2009 07:00:37 PST

Two Insurers Tout Green Building Designations National Underwriter Property And Casualty Insurance News Liberty Mutual Group said it was awarded a LEED Silver Certification for the 19 story tower building it purchased in 2006 in Boston. ... and more »

Insurers take a look at compensation

Fri, 06 Nov 2009 03:33:11 PST

Insurers take a look at compensation Globe and Mail - 6 minutes ago Manulife Financial Corp. and Sun Life Financial Corp. are each reviewing their compensation practices, their CEOs say. The rival insurers are looking at how their pay schemes are designed for ...

[$$] Manulife Surprises with Loss for Quarter at The Wall Street Journal Online

Thu, 05 Nov 2009 18:19:45 PST

Insurance earnings disappoint investors; Manulife, Sun Life post worse- than-expected Q3 losses

Thu, 05 Nov 2009 15:45:01 PST

Insurance earnings disappoint investors; Manulife, Sun Life post worse- than-expected Q3 losses Kelowna.com - 8 minutes ago TORONTO – If investors were hoping for a few rays of sunshine from the life insurance sector yesterday, they were disappointed as Sun Life Financial Inc. and Manulife Financial Corp. both reported ...

Unum Adds H1N1 Vaccine to Wellness Benefit in Critical Illness Policies

Thu, 05 Nov 2009 13:31:22 PST

Unum Adds H1N1 Vaccine to Wellness Benefit in Critical Illness Policies Business Wire - 15 hours ago CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Unum (NYSE: UNM) has enhanced the wellness benefit of its critical illness products by adding the H1N1 vaccine to the list of qualifying procedures. “Employee ... Market Report -- In Play (UNM) - MSN Money Unum enhances the wellness benefit of its critical illness products by adding H1N1 vaccine - News-Medical.net

LIMRA Chief: Estate Tax Uncertainty a Problem; Longevity an Opening for Life ... - Insurance News Net (press release)

Thu, 05 Nov 2009 13:26:55 PST

LIMRA Chief: Estate Tax Uncertainty a Problem; Longevity an Opening for Life ... Insurance News Net (press release) The biggest opportunity for US life insurers following the financial crisis is in demographics, said the chief of LIMRA , LOMA and LL Global. ... bestday Audio for Thursday, Nov. 5: LIMRA /LOMA''''s Robert Kerzner on ... Insurance News Net (press release) all 2 news articles »

Dental Discount Plans Beat InsuranceLoading...

Thu, 05 Nov 2009 13:09:27 PST

Greenberg: No signs of slowing down after 50 years

Thu, 05 Nov 2009 12:32:54 PST

Greenberg: No signs of slowing down after 50 years
San Jose Mercury News - 1 hour ago

By IEVA M. AUGSTUMS AP Business WriterFILE - In this April 2, 2009 file photo, AIG former president and CEO Maurice R. Greenberg is sworn in on Capitol Hill, in Washington, prior to testifying ...

Insurance icon Greenberg says industry strong; gov't interference bad for corporate America - Hartford Courant

Mutual of Omaha Bank to Open New Texas Headquarters in DallasLoading...

Thu, 05 Nov 2009 12:09:31 PST

AIG Looks Poised for Second-Straight Profit

Thu, 05 Nov 2009 09:14:52 PST

AIG Looks Poised for Second-Straight Profit
TheStreet.com - 2 hours ago

By Michael Baron 11/05/09 - 12:45 PM ESTNEW YORK (TheStreet) -- American International Group(AIG Quote) is set to report its third-quarter results before Friday's opening bell, and while the ...

The Hartford Launches Voluntary Benefits Solution That Removes Administration Burden For Employers, WorkersLoading...

Thu, 05 Nov 2009 08:09:37 PST

Holistic Approach Best for Benefits EnrollmentsLoading...

Thu, 05 Nov 2009 08:09:37 PST

Guardian Life Small Business Research Institute: SMB Owners Say ...

Thu, 05 Nov 2009 02:22:00 PST

Individual.com - Found 1 hour ago ... over the next two years -- leading the U.S. to economic recovery, according to a new study, The Guardian Life Index: What Matters Most to...

Future Renewals Can Be Cash Tomorrow!

Thu, 05 Nov 2009 01:30:00 PST

You may want or need cash for a variety of reasons. Our Commission Acceleration Program is designed to provide LTC Specialists with financial flexibility.

LTCI underwriting is not what you might think

Thu, 05 Nov 2009 01:30:00 PST

Read this article to get a good idea of what to expect when writing an LTCI application, and how it specifically differs from underwriting in the life, disability and health insurance arenas.

Prudential Has Biggest Profit in More Than Two Years on Investment Rebound

Wed, 04 Nov 2009 17:40:00 PST

Prudential Financial Inc. , the second-largest U.S. life insurer, reported its biggest profit in more than two years and raised the 2009 earnings forecast as rising markets pushed up the value of investments.

Surrender of Life Insurance Policy Results in Ordinary Income for Couple

Wed, 04 Nov 2009 16:12:00 PST

Extract not available.

Hartford Narrows Net Loss as Unrealized Investment Losses Drop More Than 50%Loading...

Wed, 04 Nov 2009 13:09:33 PST

Unemployment Benefits Bill Ready for Final Passage in SenateLoading...

Wed, 04 Nov 2009 13:09:33 PST

Insurance Online Facts » The basics of disability insurance

Wed, 04 Nov 2009 11:37:55 PST

Specifically companies like Hartford Life are great sources for Long Term Disability. They take pride in their affordable rates and the ability to cover the families when the insured has a “disability” and they lose their income. ...

The 2009 MetLife Market Survey of Nursing Home, Assisted Living,...

Wed, 04 Nov 2009 11:23:00 PST

SURVEY Market Survey of Market Survey of Long-Term Care Costs Long-Term Care Costs The 2009 MetLife Market Survey of Nursing Home, Assisted Living,

MetLife board cuts stake in company

Wed, 04 Nov 2009 10:55:00 PST

SNL Extra. The board of MetLife has cut its stake in the company to 28.6% from 29.0% as reported in August. Industries: Insurance Underwriter...

2009 Business Dynamics: Producer Panel Report (2009)

Wed, 04 Nov 2009 07:30:00 PST

Find out what group producers are saying about the marketplace.

High Hopes amid the Crisis

Wed, 04 Nov 2009 06:59:00 PST

Before joining Aon, she served as chief accounting officer at Motorola. Melissa Hall Senior vice president of finance, Assurant Hall has been an important contributor to the specialty insurer’s financial and tax strategies since signing on as its

ING names new CEO of its U.S. insurance division

Wed, 04 Nov 2009 05:00:19 PST

Dutch financial services firm ING has named Rob Leary chief executive officer of ING Insurance U.S., days after announcing its intention to split its insurance and banking operations.

ING names new CEO of its U.S. insurance division originally reported at IFAwebnews.com.

LIMRA CEO: Insurance industry faces challenges, opportunities

Wed, 04 Nov 2009 01:30:00 PST

WOW! Incredible Image of NY Skyline by Autistic Artist - Salon

Mon, 02 Nov 2009 07:19:10 PST

Click "Submit Abuse" if you feel this post is inappropriate. Explain why below if you wish. This astonishing 18ft drawing of the world’s most famous skyline was created by autistic artist Stephen Wiltshire after he spent just 20 minutes in a ...

Deferred Variable Annuity Death Benefits (2009, MarketScan)

Mon, 02 Nov 2009 05:19:00 PST

At a time when the stock market was in free-fall and economic uncertainty was widespread, variable annuity (VA) products provided guaranteed death

Unum promises 80% immediate underwriting decisions

Mon, 02 Nov 2009 03:08:18 PST

Unum promises 80% immediate underwriting decisions Health Insurance and Protection Magazine - 1 hour ago Advisers will now have access to an 'intelligent' electronic underwriting system that will enable them to get clients insured with immediate effect, Unum has announced. The disability insurance ... New electronic underwriting system set to launch - Professional Broking

Comedian is not laughing

Mon, 02 Nov 2009 02:32:00 PST

if you're teaching them a moral lesson, Mr. Stein said last week during his keynote address at LIMRA International Inc.'s annual conference in New York. There are people to this day who say we should let banks fail, he said. Well, that's fine if you want

Survey: Life insurance one of safer financial products available

Mon, 02 Nov 2009 01:33:30 PST

Traditional life insurance protection is an essential safety net to many consumers, with two-thirds of those surveyed indicating that it is one of the safer financial products available today, new ... Read →

Survey: Life insurance one of safer financial products available originally reported at IFAwebnews.com.

AIG scraps plan to sell Japanese units

Mon, 02 Nov 2009 00:35:09 PST

AIG scraps plan to sell Japanese units
Reactions Magazine - 28 minutes ago

American International Group has abandoned plans to sell two of its Japanese arms, The Wall Street Journal reports.American International Group has abandoned plans to sell two of its Japanese ...

Economic upheaval alters worker benefits (Courier-Post)

Mon, 02 Nov 2009 00:30:02 PST

Most workers focus on how much more they have to pay for health insurance when the annual open enrollment period rolls around, but current trends show they may have other choices to make this year.

Companies turn to low-cost extras to retain employees

Mon, 02 Nov 2009 00:06:00 PST

what you have,' Friedrich said. Industrywide, voluntary benefit sales are 7.2 percent ahead of last year, reports LIMRA, a financial services trade group. As of the middle of this year, voluntary term life sales were up more than 26 percent and dental

AIG v. Treasury: The Board Makeover Edition

Sun, 01 Nov 2009 22:10:58 PST

AIG v. Treasury: The Board Makeover Edition
Wall Street Journal - 1 hour ago

By Deal JournalAmerican International Group's board could undergo yet another makeover soon. But differing views over possible timing point to continued strain among the insurer's myriad ...

Largest US Life Insurance Companies

Sun, 01 Nov 2009 18:38:00 PST

MetLife and New York Life Top Revenue Leaders © Daniel Workman This analysis presents the 15 leading US life insurers with the highest revenues and profits, and lists life insurance companies

Unum – From the Lighthouse to the Outhouse by Linda Nee ...

Sun, 01 Nov 2009 09:24:59 PST

Unum Corporation can trace its historic origin to Mr. Elisha B. Pratt, one of the founders of the Connecticut Mutual Life Insurance Company who obtained a Maine Charter on July 17, 1848 to form a life insurance company named Union ...