IFAwebnews » life insurance

Court rebukes Pa. insurance regulator for Penn Treaty liquidation plan

Bob Graham — Fri, 11 May 2012 14:09:59 +0000

A Pennsylvania court – for the first time – rejected a Pennsylvania insurance regulator's plan to liquidate two long-term care insurance companies.

Court rebukes Pa. insurance regulator for Penn Treaty liquidation plan via IFAwebnews.

5 guidelines for forging new brokerage general agency relationships

Kenneth A. Shapiro — Mon, 30 Apr 2012 12:49:07 +0000

Some of the most valuable insights often come from unusual and unexpected encounters. In her chairman's remarks at National Association of Independent Life Brokerage Agencies' (NAILBA) 2011 annual meeting, Christi M. Daughenbaugh told of talking to her hairdresser, a 24-year-old mother-to-be, about life insurance.

5 guidelines for forging new brokerage general agency relationships via IFAwebnews.

Costa Rican company pleads guilty to $670M fraud scheme

Jaime L. Brockway — Wed, 25 Apr 2012 18:02:41 +0000

A Costa Rican insurance company pleaded guilty April 20 in federal court in Richmond, Va., to a $670 million insurance fraud scheme, while its majority owner's trial began this week.

Costa Rican company pleads guilty to $670M fraud scheme via IFAwebnews.

N.C. insurance agent, client charged in alleged life insurance scheme

IFAwebnews Staff — Tue, 03 Apr 2012 12:37:37 +0000

A North Carolina insurance agent and his client were each charged with insurance fraud for an alleged life insurance scheme.

N.C. insurance agent, client charged in alleged life insurance scheme via IFAwebnews.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test

Bob Graham — Tue, 20 Mar 2012 12:23:48 +0000

MetLife, because of its ownership of MetLife Bank, an online retail unit, was forced to submit to the Federal Reserve's stress testing and failed, possibly because it was “unfairly penalized” by regulators.

Fitch, Jones fault U.S. for MetLife’s failing of financial stress test via IFAwebnews.

Obama’s 2013 budget will discourage people from buying life insurance

Jaime L. Brockway — Mon, 20 Feb 2012 13:01:56 +0000

A group of insurance associations is concerned about the implications that new taxes included in President Obama's 2013 budget proposal, introduced Feb. 13, will have on the life insurance industry.

Obama’s 2013 budget will discourage people from buying life insurance via IFAwebnews.

Va. man imprisoned for 64 months for $500,000 life insurance fraud

Bob Graham — Tue, 14 Feb 2012 04:08:57 +0000

A Virginia father was sentenced after pleading guilty to defrauding his adopted daughter and an insurance company to collect the proceeds of a $500,000 life insurance policy on his deceased wife.

Va. man imprisoned for 64 months for $500,000 life insurance fraud via IFAwebnews.

Arthur Gallagher expands Upstate New York footprint with Albany deal

Bob Graham — Fri, 27 Jan 2012 21:31:46 +0000

Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency, an Albany, N.Y.-based retail insurance broker allowing it to significantly expand its Upstate New York presence.

Arthur Gallagher expands Upstate New York footprint with Albany deal via IFAwebnews.

Even without federal tax issues, smaller estate solutions available

Gregory E. Schwabe — Tue, 17 Jan 2012 02:07:18 +0000

With the federal estate tax exclusion at $5 million through 2012, a vast number of estates will not incur any federal tax. Even if the exclusion drops back to the $1 million dollar limit in 2013, the majority of estates will have little or no federal estate tax liability.

Even without federal tax issues, smaller estate solutions available via IFAwebnews.

NAIC touts ‘overlooked’ financial benefits of life insurance policies

IFAwebnews Staff — Thu, 05 Jan 2012 11:00:53 +0000

The organization representing state insurance commissioners is promoting life insurance as an “overlooked” potential source of immediate funds.

NAIC touts ‘overlooked’ financial benefits of life insurance policies via IFAwebnews.