MetLife has agreed to pay $500m in a multistate settlement with Florida insurance investigators in connection with holding death benefits from life insurance policies issued decades ago. The regulators accused the US insurer over non ...
Tags: MetLife, multistate settlement, death benefits, insurance
Mainly driven by surging rates for insuring property against natural disasters, Taiwan’s overall written premiums for non-life insurances for the first 10 months grew 7.03% from a year ago, with the growth doubling insiders’ ...
Taipei, Nov. 13, 2012 (CENS)--Thanks to growing income from auto-insurance policies, non-life insurers in Taiwan expect their premium revenues this year to exceed those of 2011 and to challenge new heights within five years. Non-life ...
Taipei, Oct. 24, 2012 (CENS)--Affected by sluggish economy and decline of market interest rates, the Financial Supervisory Commission (FSC) announced yesterday (Oct. 23) slashing the interest rates for liabilities reserves funds for foreign ...
Tags: FSC, U.S.dollar-denominated insurance policies, Life insurers
Allianz Life Insurance Company of North America has registered 21% rise in operating profit, which stood at $381m for the first half of 2012, against a profit of $315m in the comparable period last year. The underwriter claimed that its ...
Tags: Allianz Life Insurance Company, operating profit, comparable period