Category Archives: new insurance law related

Prudential Loses Key Motion in Military Death Benefit Lawsuit

Rejecting Prudential’s claims that “paying” the beneficiaries of our fallen servicemen and women by sending them a “checkbook” of IOUs was the same as actually paying them money, Federal District Judge Michael A. Ponsor issued a written order today denying Prudential’s motion to dismiss claims that it has violated the federal statute and contract governing life insurance for service members and…

Voluntary Long-Term Disability Plans Explored in the Recent Eastbridge Spotlight Report

More and more employers are moving away from funding long-term disability plans. Eastbridge’s spotlight report, Voluntary Long-Term Disability Insurance, is designed to help carriers better understand the VLTD insurance market, how their product “fits” relative to the competition, and whether any changes are needed.

BestWeek: Best’s Analysts Say Life/Annuities Sector Regains Strength; Whole Life, UL Drive Sales

Although the national and global economies still have the power to derail it, the financial health of the U.S. life and annuity sector is sound and should keep improving, a trio of A.M. Best ratings analysts said in an article in this week’s BestWeek U.S./Canada.

MMC’s Net Income Climbs 31%, Setting Year ‘Off to a Very Good Start,’ Says CEO

Marsh & McLennan Cos.’ first-quarter results, which included a 31% rise in net income, show the company is “off to a very good start this year,” President and Chief Executive Officer Brian Duperreault said during a May 4 conference call. Net income for the 2011 first quarter was $325 million, compared with $248 million a year ago.

Employee Benefit Producer Training Program Moves Fall Offering to Fort Worth, Texas

BROOKFIELD, WI  – April 27, 2011 – The fall offering of the Employee Benefits Producer Training Program, scheduled for September 19-30, 2011, will now be held at the American Airlines Training & Conference Center in Fort Worth, Texas. It was previously scheduled to be held in Brookfield, Wisconsin.
Jointly conducted by the International Foundation of Employee Benefit Plans and The National Alliance for Insurance Education & Research, the Employee Benefits Producer Training Program is a results-oriented course that blends technical employee benefits knowledge with a proven sales skill building curriculum…

Insured Losses From Texas Wildfires Total $150 Million

As firefighters in Texas continue to battle raging wildfires, fueled by drought conditions, parched vegetation, low humidity and strong winds, insured losses from one of the fires are estimated at $150 million, according to the Insurance Council of Texas…