Conseco Inc. said it plans to combine two insurance subsidiaries into a new entity in an attempt to save money and boost its statutory capital levels, according to a filing with the Securities and Exchange Commission.
California Insurance Commissioner Steve Poizner has reached a $500,000 settlement agreement with former Conseco Inc. unit Senior Health Insurance Company of Pennsylvania, following complaints of improper handling of claims.
The Phoenix Cos. Inc. last week drafted a reinsurance agreement with a subsidiary of Swiss Re, improving the carrier's risk-based capital ratio.
A key state insurance official has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
California Gov. Arnold Schwarzenegger yesterday signed into law a bill that discourages stranger-originated life insurance transactions.
The life settlements industry felt some of the ill effects of the economic crisis last year, as purchasers of settlements ran into difficulties financing new premiums and policyholders showed more interest in selling their coverage, according to a report from Conning Research.
New York Life Insurance Co.'s life insurance sales broke records over the first nine months of 2009, the insurer reported today.
The John Hancock Financial Network has released a succession-planning platform for its financial representatives.
Life insurers are still strong in the wake of the financial crisis, insurance experts said yesterday at a life settlement industry conference.
