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10/12/2008 News For: Whole Life Insurance companiesS&P Revises U.S. Life Insurance Sector Outlook To Negative S&P Revises U.S. Life Insurance Sector Outlook To Negative AIG life units look for single buyer in Latin America - Regional Troubled AIG NYSE: AIG prefers a single buyer for most of its Latin American life insurance companies, the regional head of American Life Insurance Company ALICO Ricardo Garc?a told BNamericas. 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 ... 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. 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 ... 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. JapanToday: Japan News and Discussion ????????:????????????? Japan is not immune. Confidence has fallen off a cliff. Nobuhiko Kuramochi, a stock analyst at Shinko Securities in Tokyo. He says Japan is suddenly feeling a lot more vulnerable to the global turmoil, following the bankruptcy of insurer Yamato Life Insurance. 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 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. |