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11/11/2008 News For:

Life Insurance s

MIB Life Index Reports North American Life Insurance Activity Off 1.8% in October   North American application activity for individually underwritten life insurance was down -1.8% in October year-over-year, according to the MIB Life Index. Year to date U.S. and Canadian activity remained stable off -1.9%, compared to the same ten months last year.

BoB likely to start life insurance biz early next fiscal  State-run Bank of Baroda has said its life insurance venture with the UK-based Legal and General Group is expected to start business in the first quarter of the next fiscal.

National Western Life reports net loss in Q3  National Western Life Insurance Company has reported consolidated net losses of $9.8 million or $2.78 per diluted class A share for the third quarter of 2008, compared with consolidated net earnings of $15.6 million, or $4.38 per diluted class A share, reported for the third quarter of 2007.

Prudential, Hartford Drop; Goldman First to Say Sell (Update1)  Nov. 11 -- Prudential Financial Inc ., the No. 2 U.S. life insurer, and Hartford Financial Services Group Inc. dropped in New York trading on concern that investment losses and falling stock markets will force the companies to raise capital.

Is your insurance safe?  Major U.S. life insurers like MetLife, Prudential Financial and the Hartford are reeling from third-quarter losses. Here are answers to some basic questions about the safety of life insurance policies.

Norwich Union legal staff facing costs cull  Norwich Union is to radically overhaul the legal team of its life insurance business, slashing 20 per cent of its annual budget. ...

Transamerica Upgrades Variable Annuity Rider   DENVER----Transamerica Life Insurance Company today introduced an upgraded version of its guaranteed lifetime withdrawal benefit rider that can help address retirement challenges like long-term care costs and market volatility.