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10/12/2008 News For:

Whole Life i Insuranceane

Ohio shooting puts face on foreclosure crisis  By the time deputies came to escort Addie Polk out of her home of 38 years, the 90-year-old had taken out her life insurance policy and placed it next to her pocketbook and keys in the neatly kept house.

Yamato Life collapses amid falling stock prices  Yamato Life Insurance Co., a nearly century-old midsize insurer that tried to resuscitate its business by gambling on high-risk securities products, collapsed Friday due mainly to plunges in stock prices, officials said.

Japan's Yamato Life Insurance files for protection: report   Japan's Yamato Life Insurance is in the process of filing for bankruptcy protection, Jiji Press reported Friday.

Japan's Yamato Life file for bankruptcy in Tokyo  HONG KONG MarketWatch -- Japanese insurer Yamato Life Insurance Co. filed for bankruptcy protection from creditors Friday, reportedly becoming the first in the Japanese industry to do so in seven years.

Yamato Life customers to get help  Yamato Life Insurance Co.'s decision to file for bankruptcy protection sent shock waves throughout the industry Friday as it became the first major victim in Japan of the global financial crisis. But industry sources said policyholders shouldn't panic because their policies are guaranteed by an industry safety net. It is the industry's first bankruptcy in seven years. Read the full story ...

Yamato Life files for bankruptcy  Yamato Life Insurance Co., a time-honored insurer based in Tokyo, filed for bankruptcy protection Friday due to losses related to the U.S. subprime crisis, becoming the first Japanese financial institution to fail amid the ongoing global financial turmoil. Yamato, which went belly up with debts of ?269.5 billion, asked the Tokyo District Court to invoke the 2000 fast-track law for the ...

Yamato Life seeks bankruptcy protection   TOKYO, Oct. 10 UPI -- Yamato Life Insurance Co., a nearly century-old Japanese insurer, sought bankruptcy protection Friday, becoming a victim of the current global financial crisis.

Yamato Life Files for Bankruptcy, Citing Investments (Update2)  Oct. 10 -- Yamato Life Insurance Co. , a 98- year-old Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debts exceeding assets by 11.5 billion yen $116 million.

Shin Kong Life shifts investments  Shin Kong Life Insurance Co ???? has approved a plan to invest in quality real estate in Taiwan, especially in the Taipei metropolitan area, as the company adjusts its investment strategy to seek satisfactory investment returns for shareholders.

Yamato Life seeks bankruptcy protection  Yamato Life Insurance Co., a nearly century-old Japanese insurer, sought bankruptcy protection Friday, becoming a victim of the current global financial crisis.In its filing in a Tokyo district court, the midsize company listed debts of 269.5 billion yen, or $2.7 billion, Kyodo news service reported.Company officials sought recourse to an 8-year-old law allowing courts to order assets of ...