Search for: "Variable Annuity Life Insurance Company"
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18 May 2009, 5:44 pm
There is no pro hac vice for selling insurance products like structured settlement annuities. [read post]
17 Mar 2009, 1:03 pm
Wayne, Indiana-based Lincoln Financial Group, won a $13.1 million jury verdict in a variable annuity patent infringement case against three Aegon USA companies, Transamerica Life Insurance Co., Transamerica... [read post]
16 Mar 2009, 3:52 pm
Wayne, Indiana-based Lincoln Financial Group, won a $13.1 million jury verdict in a variable annuity patent infringement case against three Aegon USA companies, Transamerica Life Insurance Co., Transamerica Financial Life Insurance Co., and Western Reserve Life Assurance Co. of Ohio. [read post]
26 Feb 2009, 7:37 am
In an indication that some regulators and professionals are still thinking clearly, the NAIC a few weeks back decided against the ALIC and other life companies that were petitioning for relaxation of reserve requirements on certain lines of variable annuity business and financial guarantees those annuities provide. [read post]
25 Feb 2009, 2:59 am
Dinallo stated that in light of the current economic crisis he will be reevaluating NAIC’s regulations with respect to variable annuities.In the interview, Dinallo addressed issues currently concerning the insurance industry, including that the insurance industry should now focus on adjusting the balance between term life insurance and annuity sales. [read post]
18 Feb 2009, 8:02 am
Transamerica Life Insurance Company et al v. [read post]
14 Jan 2009, 6:06 am
Alexander has a particular focus on fixed annuities, that must be factored into his perspective, I think there is a lot to be said for his conclusion that "The way forward is for life insurance companies to act like life insurance companies - providing long-term protection and managing for the long-term. [read post]
24 Dec 2008, 9:09 am
Reserve and capital requirements for variable annuities with guarantees; 3. [read post]
15 Dec 2008, 5:30 pm
" It's true that certain kinds of life insurance and annuity contracts (called "variable" in the trade) comprise a "sub account" which mimics a mutual fund, but they are first and foremeost insurance products, and need to be viewed as such.Why is this so important? [read post]
13 Dec 2008, 6:01 pm
Many of the negative financial reports of the last 90 days for life companies were directly related to their necessity to move huge amounts of current earnings or surplus into reserves to account for requirements to reserve variable annuity guarantees and future market yield calculations. [read post]
4 Dec 2008, 12:16 am
This move, however, is not boding well for insurance companies. [read post]
24 Nov 2008, 6:52 pm
In late October, the ratings agency Fitch issued a report concluding that equity market performance 2008 "will have a dramatic impact on U.S. life insurers active in the variable annuity market. [read post]
21 Oct 2008, 12:42 pm
The New York State Insurance Department recently posted Guidance for Illustrations of Variable Annuity Contracts on their website. [read post]
9 Oct 2008, 2:54 pm
Also, as the testimony of NY Insurance commissioner Dinallo showed, the fire wall of asset segregation forced on life markets has limited any losses or issues a company might have to lines such as variable annuities where their need to increase reserves for market guarantee riders creates a bad year, but won't prove fatal to any of the companies. [read post]
7 Oct 2008, 5:19 am
In a move that mercifully allows me to get AIG out of the headlines and start discussing another member of our life company fraternity here in the structured settlement market, it was announced today that Hartford Financial had struck a deal with the massive German insurance conglomerate Allianz to provide up to $2.5 billion in fresh capital. [read post]
3 Oct 2008, 9:49 pm
Well, a review of the list of the big names on the life company list would include:AIG Annuity Insurance CompanyAIG Life Insurance CompanyAIG SunAmerica Life Assurance CompanyAmerican General Life Insurance CompanyAmerican Life Insurance CompanySunAmerica Life Insurance Company The Variable Annuity Life Insurance CompanyObviously, this… [read post]
1 Oct 2008, 6:03 am
Its structured annuity issuing companies, American International Life Assurance Company of New York and AIG Life had finicky underwriting rules and were generally not competitive on catastrophic cases because they did not do medical underwriting. [read post]
19 Sep 2008, 11:34 pm
If you are the recipient of a structured settlement annuity from American General Life insurance Company, American International Life Assurance Company of New York or Variable Annuity Life Insurance Company (VALIC), do not panic! [read post]
13 Aug 2008, 4:04 pm
The NY Insurance Department has posted updated Filing Guidance on the use of Variable Material for Individual Annuity Contracts and Life Insurance Policies. [read post]
10 Jun 2008, 11:22 pm
World Financial's agents sell annuities, life insurance, and mutual funds. [read post]
