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2/14/2009 News For: Coop LifeShenandoah Life Insurance placed into receivership by SCC ROANOKE, Va. Shenandoah Life Insurance Inc. has been placed into receivership following the cancellation of a merger with another company. State Commissioner of Insurance Alfred Gross said Thursday in a statement that the Virginia State Corporation Commission placed the Roanoke insurer in receivership "in an effort to rehabilitate the company." Life insurers looking to Ottawa for backing Canada?s top life insurers are looking to Ottawa to back long-shot international acquisition strategies as they labour under the weight of heavy losses and depressed stock prices. Sy, Ayala, Manulife groups shortlisted for Philam Life TAIPAN Henry Sy?s Banco de Oro, the Ayalas? Bank of the Philippine Islands, and the Manulife groups are the preferred bidders for Philippine American Life Insurance and General Insurance Co., four people with knowledge of the matter said. Sun Life targets U.S. growth, acquisitions Sun Life Financial is stepping up its push to expand its U.S. annuities and life insurance businesses through internal growth, and also plans to be ready to make acquisitions in the United States, a company official said on Wednesday. Low-income families can get free life insurance Low-income working families in the Bay Area can obtain a free $50,000 life insurance policy under a program supported by MassMutual Life Insurance Co. The idea behind the program it to provide a $50,000 benefit administered by a trust to help pay for the education of children in the event the Polygamist gets life term for family abuses MURRIETA, Calif. - A self-proclaimed polygamist was sentenced Friday to seven consecutive life prison terms for torturing seven of his 19 Advertisement: AMERIPRISE FINANCIAL Planning your financial life. Whether you're starting a small business, obtaining life insurance, or sending your kids to college, I can help you plan to reach your financial goals through personal, ... Shenandoah Life releases Q&A page for policy holders The financially wobbling Shenandoah Life Insurance Company has released a Q&A page on its website for policy holders. The company has consistently refused requests for comment after the State Corporation Commission took it over on Thursday. Hancock's Universal Life Policy John Hancock Life Insurance, a Boston unit of Toronto's Manulife Financial Corp., said it has introduced the John Hancock Accumulation UL product, a universal life policy. Dai-ichi Mutual Life: Sec Valuation Loss Y484 Billion TOKYO -Dow Jones- Dai-ichi Mutual Life Insurance Co. said Friday it posted valuation losses of about Y484 billion on securities due to a sharp drop in its equity holdings. A.M. Best Withdraws Ratings of Resource Life Insurance Company OLDWICK, N.J.----A.M. Best Co. has withdrawn the financial strength rating of B+ and issuer credit rating of "bbb-" and assigned a category NR-3 to the FSR and an "nr" to the ICR of Resource Life Insurance Company . |
