Sept 21- New York's insurance regulator is investigating sales of one of the fastest growing products in the life insurance industry, know as indexed universal life, according to a letter reviewed by Reuters on Sunday.» Read More
*Reinsurers in Monte Carlo for Sept. 13-17 conference. "I am disappointed, exasperated, and even rather appalled by what is happening in the market," said Nikolaus von Bomhard, chief executive of the world's biggest reinsurer, Munich Re.
Only 15% of pre-retirees have tried to figure out how much money they might need for health care and long-term care in retirement, reports USA Today.
JUNEAU, Alaska— One of the two health insurers that are part of the federally run online marketplace in Alaska won't allow people to keep policies past this year that are out of compliance with President Barack Obama's signature health care law, a state official said.
*Barclays shares up 1.4 pct, Aviva down 0.8 percent. LONDON, Sept 12- Barclays has appointed banking and insurance veteran John McFarlane as its new chairman to oversee the British bank's efforts to stamp out wrongdoing and improve performance. McFarlane, a Scot, will step down as chairman of British insurer Aviva and take the Barclays hot seat in April.
TOKYO, Sept 12- Japanese government bonds mostly slipped slightly by midday on Friday, undermined by a weaker yen. Several corporate pension funds seemed ready to sell 20- year JGBs on strength, while a few domestic life insurers appeared willing to buy the current 30- year JGBs at a yield of 1.70% or above ahead of a massive quarterly redemption of JGBs on Sept. 22.
SAN FRANCISCO, Sept 11- EBay Inc will begin running advertisements on its mobile app in the fourth quarter, moving the e-commerce company into the fast-growing and lucrative market for ads on devices such as smart phones and tablets.
An InsuranceQuotes.com report reveals the most and least expensive cities for car insurance in America.
DETROIT, Sept 11- A federal judge on Thursday ordered ongoing mediation in Detroit's historic bankruptcy over a potential settlement between the city and one of its fiercest creditors, while adding holdout creditor Financial Guaranty Insurance Co to the list of parties whose attendance is required.
A consumer-oriented rating agency, Weiss Rating, recently awarded the companies a median grade of C-minus, and even without a major storm to drive up claims, 11 of them have already failed in Florida since 2006, according to state records. "Things are moving in the right direction for Florida in attracting private capital.
Syncora had argued it had been short-changed compared to other creditors. If approved, the deal will see Syncora drop its objection to the restructuring and the trial- which is studying the feasibility of Detroit's plan to exit bankruptcy- could get a swift approval from U.S.
NEW YORK, Sept 10- U.S. health insurance premiums are going up only 3 percent this year, to an average of $16,834 for a family. The Kaiser Family Foundation's 2014 Employer Health Benefits report says that rate increases are slowing from recession highs that ran far above inflation rates.
HONG KONG, Sept 10- China shares slipped on Wednesday, with investors discouraged by Premier Li Keqiang's comment that China cannot rely on loose credit to lift its economy. Ping An Insurance Group Co of China slid 1.1 percent and Agricultural Bank of China 0.8 percent. China is set to release August credit data between Wednesday and Monday.
MIAMI— Three Florida organizations will receive nearly $7 million to help consumers sign up for health insurance during the second enrollment season under the Affordable Care Act.
NEW YORK— General Electric, a household name for more than a century in part for making households easier to run, is leaving the home. GE, based in Fairfield, Connecticut, Monday announced the sale of its appliance division to the Swedish appliance maker Electrolux for $3.3 billion.
Sept 5- One of the bond insurers fighting Detroit's historic bankruptcy is seeking $200 million in cash, riverfront property and a stake in a tunnel to Canada, in settlement negotiations with the city, the Detroit News reported, citing an unnamed source.
MetLife is the third insurer to be tapped for such a designation, which comes with heavy capital requirements and strict supervision by the Federal Reserve, comparable to that of the largest banks. MetLife said it was not ruling out "any of the available remedies" under the 2010 Dodd-Frank law to contest the designation.
MetLife is the third insurer to be tapped for such a designation as "systemically important," which comes with heavy capital requirements and strict supervision by the Federal Reserve comparable to that of the largest banks.
WASHINGTON, Sept 4- Insurer MetLife said on Thursday that the U.S. financial risk council had proposed to designate it as "systemically important," a tag that brings far tighter government oversight.
DETROIT, Sept 3- Detroit claimed on Wednesday that its plan to adjust its debt and exit bankruptcy is feasible and fair to creditors, but a bond insurance company contended the plan calls for "historic levels of discrimination" among creditors.
"It's another example of just how bad things are in the consumer credit sector," said Nic Norman-Smith, chief investment officer of Lentus Asset Management, which owns shares in JD Group's parent, Steinhoff International.
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