Recently added articles from Best's Review:
4 sales tips.(Editorial)
Jun 01, 2009; ... Selling life insurance can be a challenge during a recession. LIMRA International reports new individual life insurance premiums dropped 14% in 2008's fourth quarter, ending the year with a 7% dip. Some 60% of term life writers experienced lower premiums in 2008. That's why now ...
Observers ask: is this the start of AIG's turnaround?(Briefing: Highlights From BestWeek)(American International Group Inc.)(Financial report)(Brief article)
Jun 01, 2009; ... American International Group Inc. officials pointed last month to the significant reduction in the company's losses as an indication that their efforts to restructure the company under a federal rescue plan are working. Does AIG's reported first-quarter loss of $4.35 billion, ...
Worth repeating.(Briefing: Highlights From BestWeek)(Liberty Mutual Insurance Co.)(Brief article)
Jun 01, 2009; ... "Capitalism without failure is like religion without sin." --Ted Kelly, chairman, president and CEO of Liberty Mutual, discussing why the federal government should not be afraid to let ...
AIG's recent transactions: to repay federal aid, AIG has been selling assets.(Briefing: Highlights From BestWeek)
Jun 01, 2009 ... * Nippon Life, AIG announced its Tokyo headquarters will be sold to Nippon Life Insurance Co. for about $1.2 billion. The sale is expected to close during the second quarter 2009. * AIG Commodity Index. AIG closed on the sale of the DJ-AIG Commodity Index to UBS Investment Bank ...
Agency valuation webinar available.(Briefing: Highlights From BestWeek)(Brief article)
Jun 01, 2009 ... Best's Review subscribers can watch the "Agency Finance and Valuation 2009: What's My Agency Worth?" webinar by going to www.bestreview.com/agency09. The one-hour webinar includes: * The most important steps to take to get your agency ready for sale * The role EBITDA (earnings ...
Three insurers clear TARP hurdle.(Briefing: Highlights From BestWeek)(troubled asset relief program)(Brief article)
Jun 01, 2009; ... The U.S. Treasury Department last month gave preliminary approval for insurers Hartford Financial Services Group and Lincoln National Corp. to receive $3.4 billion and $2.5 billion, respectively, in bailout funds under its Capital Purchase Program. Prudential Financial also ...
India life results take double-digit plunge.(Briefing: Highlights From BestWeek)(Brief article)
Jun 01, 2009; ... Annual income from non-single premium life insurance policies has dropped for the first time since the sector was privatized in 2000, according to the Life Insurance Council of India. In the financial year 2008-09. non-single premium earnings of the domestic life sector declined ...
Hartford Financial.(Global Sales)(Hartford Life Insurance K.K.)(Hartford Financial Services Group Inc.)(Brief article)
Jun 01, 2009 ... HARTFORD FINANCIAL Services Group's Japanese subsidiary, Hartford Life Insurance K.K., said it will suspend sales of all insurance products June 1, effectively ...
The Council of Europe.(Regulation)(Brief article)
Jun 01, 2009 ... THE COUNCIL OF EUROPE, meeting last month in Brussels, approved Solvency II, the new solvency regime for European insurers. Solvency II was approved by the European Parliament, 593-83, in April. According ...
Mutual of Omaha.(Marketing)(Brief article)
Jun 01, 2009 ... MUTUAL OF OMAHA has sued Oprah Winfrev and her production firm, Harpo, to protect its use of the phrase "Aha Moment" that Mutual features in a national advertising campaign ....
Trick questions.(BEST'S REVIEW'S STATS & NUMBERS)(Statistical table)(Brief article)
Jun 01, 2009 ... <Pre> Trick Questions The sour economy may be generating a noticeable spike in suspicious insurance claims. 1st Qtr. 2008 (number Questionable of cases1st Qtr ....
Medical liability insurance gains.(By the Numbers: Recently published Special Reports from A.M. Best Company)(Statistical table)(Brief article)
Jun 01, 2009 ... As expected, medical professional liability insurance exhibited another year of solid underwriting results in 2008. Although MPLI carriers were adversely impacted by the global market downturn, A.M. Best Co. believes the effects on the industry have been manageable. (Solid Underwriting ...
Reinsurers steady despite equity drop.(By the Numbers: Recently published Special Reports from A.M. Best Company)(Brief article)
Jun 01, 2009 ... U.S., Bermuda and large international reinsurers lost about 15% of their capacity in 2008. But A.M. Best believes that two excellent years preceding 2008, sizable capital increases and improved loss reserves let reinsurers withstand investment and catastrophe losses. (Reinsurers Keep ...
Investments hurt health writers.(By the Numbers: Recently published Special Reports from A.M. Best Company)(Brief article)
Jun 01, 2009 ... Health care insurers had a difficult 2008. Trends remained stable, but it was the first year in many that several companies revised their yearly earnings projections. Underwriting income declines could not be offset by positive investment returns ....
Meetings.(Briefing)(Calendar)
Jun 01, 2009 ... June 7-9 Insurance Association of the Caribbean, in association with LIMRA and LOMA: 29th Annual Caribbean Insurance Conference, Fajardo, Puerto Rico. Web sites: www.iac-caribbean.com or www.limra.com June 8-10 Society of Actuaries: Health Spring Meeting, Toronto. ...
Tracking the stocks of global insurers and brokers.(Briefing: Stock Watch)(Statistical table)
Jun 01, 2009 ... As of the U.S. market close on Friday, May 8, A.M. Best's Global Insurance Composite was 698.30, down 2.69% year to date. The A.M. Best stock indexes cover 187 publicly traded insurance companies and brokers. Year-over-year the indexes comprised of U.S. and global life companies are ...
Florida lawmakers shift thinking, pass bills to face cat risk.(Briefing: Stock Watch)
Jun 01, 2009; ... It took a lot for the tide in the Florida Legislature to turn in support of measures aimed at making the state property insurance market more financially sound. The insurance industry would say the handwriting has been on the wall. State-run Citizens Property Insurance Corp., ...
Insurance jobs.(Briefing: Employment)(Statistical table)
Jun 01, 2009 ... U.S. insurance industry payrolls dropped for the sixth consecutive month in April with the loss of 4,000 jobs--nearly double the total jobs lost in March--according to seasonally adjusted data released on May 8 by the U.S. Bureau of Labor Statistics. For April, industry payrolls were 2.275 ...
Question: what are the things that make employees happy? And what makes some want to leave?(Career Wise)
Jun 01, 2009; ... When workers receive telephone calls or letters from our executive recruiters inquiring whether or not they would be interested in a job change, 90% of the responses are: "It does not hurt to listen." An executive recruiter also listens--to the reasons someone would be ...
Kathleen Sebelius, former NAIC president, to lead HHS.(People in Insurance)(National Association of Insurance Commissioners)(Health and Human Services)(Brief article)
Jun 01, 2009; ... Former Kansas Governor and former National Association of Insurance Commissioners President Kathleen Sebelius is the new Secretary of Health and Human Services. [ILLUSTRATION OMITTED] Sebelius took the oath of office in a brief ceremony on the night of April 28, ...