Insurance News

Posts Tagged ‘life

Cleveland, OH — March 1, 2011 — Selman & Company, a leading insurance marketing and administrative services provider, and Podiatry Insurance Company of America announced the completion of Selman & Company?s acquisition of the Life & Health Insurance Business of PICA Group Services of Nashville, T.

?Three of the four markets we serve through the marketing and administration of life, health and related insurance product offerings Read the rest of this entry »

Chester, UK, February 24, 2011 (Insurance Headlines) February 25, 2011– Consumers with high interest-bearing debts can find relief by consolidating their balances to MBNA?s exclusive online credit card and enjoy a lower long-term rate.

The MBNA Rate for Life credit card offers a promotional rate of 5.9% and a low handling fee of 1.5% on all balance transfers and money transfers made within the first 60 days of opening an account, and Read the rest of this entry »

State insurance regulators, under pressure to improve disclosure of death-benefit payment options, issued a consumer alert about the industry practice of retaining funds rather than paying them in a lump sum.

“You may be able to earn a higher rate of interest on the life insurance proceeds if you select a different payout option,” the National Association of Insurance Commissioners said in the alert. “While the documents you receive Read the rest of this entry »

President Obama’s State of the Union speech has so far failed to unite Democrats on a health reform strategy as they “stared down a political nightmare,” The Associated Press reports. “The grim reality opened a divide between the rank and file and congressional leaders, who insisted health care would get done, even though last week’s special election in Massachusetts denied Democrats the 60-vote majority they need to deliver in the Senate. Many Read the rest of this entry »

Anyone with a life insurance policy they haven?t carefully read will want to do so ASAP after they learn about one widow?s unsuccessful fight with her dead husband?s life insurer.

It all started when Craig Bauer, an executive at manufacturer Omron Electronics, died in June 2006 of bacterial meningitis following a business trip that included stops in Brazil, China and Japan. Bauer had life insurance through his employer. The policy Read the rest of this entry »

WELLESLEY, Mass.–(BUSINESS WIRE)–The U.S. division of Sun Life Financial Inc. (NYSE:SLF, TSX:SLF) today released the latest edition of its UnretirementSM Index, which reveals 65 percent of American workers will delay their retirement by at least one year ? an 11 percent increase since the end of 2008. The Index also indicates 27 percent of Americans now believe they will need to work at least five years longer than expected because of the Read the rest of this entry »

General Motors will reduce life insurance benefits for most of its white-collar retirees and cut back on company-provided health care for some salaried workers under 65, according to the Detroit Free Press.

GM has already eliminated coverage for retirees older than 65 because they are eligible for government benefits. That change went into effect this year.

This new cost cutting move comes along with Tuesday’s announcement that the Read the rest of this entry »