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10/13/2008 News For: Whole Life Insurance QuotesA.M. Best Revises Issuer Credit Rating Outlook to Negative and Withdraws Ratings of MAPFRE Life Insurance Company OLDWICK, N.J.----A.M. Best Co. has affirmed the financial strength rating of B++ and issuer credit rating of "bbb +" of MAPFRE Life Insurance Company . The outlook for ICR has been revised to negative from stable, and the outlook for the FSR is stable. 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 Korban Krisis Pertama di Jepang TOKYO SINDO ? Perusahaan asuransi Jepang,Yamato Life Insurance, menjadi korban pertama di Negeri Sakura akibat krisis ekonomi global. Perusahaan yang sahamnya mayoritasnya dimiliki Shinsei Bank Ltd ini dinyatakan bangkrut oleh pengadilan di Tokyo kemarin. 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 ... 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. She shot herself in the chest Oct. 1 before she could be taken away from the foreclosed house, which was worth less than its mortgage from the day she took out the loan. A congressman called her ... Company offering free life insurance Springfield-based Massachusetts Mutual Life Insurance Co. plans to issue $50,000 term life insurance policies to benefit children of eligible working families in Connecticut at no cost to the families, company officials said Thursday. Include Life Insurance in Your 'Must Have' Budget - As you re-examine your monthly expenses to cover the escalating costs of food and fuel, it's important to consider life insurance in your plans. 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. Ohio shooting puts face on foreclosure crisis AKRON, Ohio ? 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 Files for Bankruptcy, Citing Investments (Update1) Oct. 10 -- Yamato Life Insurance Co. , a Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debt exceeding assets by 11.5 billion yen $116 million. |