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10/13/2008 News For: Whole Live Insurance Life InsuranceS&P Revises U.S. Life Insurance Sector Outlook To Negative S&P Revises U.S. Life Insurance Sector Outlook To Negative 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. FINANZA: IN GIAPPONE FALLISCE LA YAMATO LIFE INSURANCE FINANZA: IN GIAPPONE FALLISCE LA YAMATO LIFE INSURANCE Tokyo, 10 ott. Adnkronos/dpa - Primo fallimento finanziario in Giappone, legato alla crisi dei mercati finanziari. Yamato life insurance e' infatti la prima societa' assicurativa giapponese a chiudere, in seguito alla crisi che sta attraversando le borse di tutto il mondo. La societa', nata 98 anni fa, e' arrivata a debiti per ... A.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. China tests micro-insurance for rural poor Dai Yongheng never imagined he would make history. But he did just that on Sept. 3, 2008. The middle-aged farmer from north China's Shanxi Province procured a fixed-term life insurance for all five members of his family. He paid 150 yuan 21.90 U.S. dollars, becoming the first micro-insurance deal in rural China. The insurance policy pays 75,000 yuan if something happens to Dai's family in ... A.M. Best Revises Outlook of U.K. Life Insurance Industry to Negative From Stable OLDWICK, N.J.----The impact of the decline in equity markets on U.K. life insurers has led A.M. Best Co. to revise its rating outlook for the U.K. life insurance industry to negative from stable. 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. Financial tips: Life insurance The main objective of life insurance is to protect the family and creditors from financial loss due to the death of the insured. 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 ... |