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11/12/2008 News For:

Whole Life Insurance s

Settlement ends suits over General American Life Insurance's collapse  Goldman Sachs will pay $100.5 million to settle a lawsuit over the 1999 collapse of Missouri-based General American Life Insurance Co., once one of the country's biggest life insurers.

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.

Aviva Life plans three new products  MUMBAI: Aviva Life Insurance plans to launch three new products in child space, pure protection and rejig ULIP with capital guarantee in the next 90 days, said T. R. Ramachandran, CEO and MD on ...

Life Insurers Fall On Goldman Downgrade  Life Insurers Fall On Goldman Downgrade

Moody's cuts ratings of Genworth Financial   Credit ratings agency Moody's Investors Service on Monday cut its senior debt rating on Genworth Financial Inc. as well as the financial strength rating of its primary life insurance subsidiaries as credit market troubles affect the firm's profitability.

(AFX UK Focus) 2008-11-11 15:52 UPDATE 1-Goldman Sachs bearish on U.S life insurance sector  Recasts, adds details Nov 11 Reuters - U.S. life insurers will see continued asset deterioration in the next 12 to 18 months and need to raise incremental capital, said a Goldman Sachs analyst, who assumed the sector coverage with a bearish view. Shares of all major life insurers fell in early trade on the New York Stock Exchange following the report.

Regulators issue draft revision to capital requirements for life insurance cos.  Canadian insurance regulators are proposing to revise their approach to setting capital requirements for the life insurance industry ahead of a new capital adequacy framework.

County approves changes to employee benefits  Harrison County Commissioners met briefly Monday to make changes to the employee health care benefits plan and the life insurance plan.

Authority may ease rules for insurers  Regulators aim to help both life and non life insurers keep afloat by reducting the minimum insurance fund they need to maintain amid tight liquidity caused by the global financial crisis....