Online Life Insurance

The Canadian life and health insurance industry welcomes long-awaited amendments to Alberta’s Insurance Act which received Royal Assent on November 4, 2008 and strongly encourages other provinces to
follow Alberta’s lead.
“This is a major development in the evolution of insurance regulation in Canada and we congratulate the province of Alberta for its leadership in passing this important legislation,” said Frank Swedlove, President of the Canadian Life and Health Insurance Association (CLHIA). Read more

Ever since Gov. Arnold Schwarzenegger’s ABX1 1 stumbled just short of the finish line last January, he and his Democratic allies in the Legislature have been looking to move bits and pieces of the failed health reform plan forward. Amazingly, one that he favors is sponsored by the legislator who killed ABX1 1, state Sen. Sheila Kuehl, as well as the California Medical Association. Read more

HONG KONG, Aug 26, 2008 (XFN-ASIA via COMTEX) — LFC | Quote | Chart | News | PowerRating — China Life Insurance Co Ltd shares turned higher despite weakness in the broad market after reporting better-than-expected first-half results.

Dealers said the 32 pct decline in first-half earnings that it reported was better than market estimates of as much as a 50 pct profit drop. Read more

CHICAGO, Jul 31, 2008 (BUSINESS WIRE) — Fitch Ratings affirms the ratings of New York Life Insurance Company (NYLIC) and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (NYLIAC) — together referred to as New York Life (see complete list of Ratings below). The ratings reflect New York Life’s very strong balance sheet, favorable business profile and consistent operating profile. The Rating Outlook is Stable for all ratings. Read more

Rochester, N.Y.) - Kodak is cutting back on key retiree benefits.

More than 40,000 Kodak retirees received a letter telling them that starting in 2009, company contributions toward health insurance will be cut by one-percent a year for ten years. Read more