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Guarantee Issue Life Insurance News
Canadian life insurers concerned with new global accounting rules
Canadian life insurers have 'concerns' about the impact on capital levels of new global accounting standards released in draft form Friday that appear to disrupt the matching on their balance sheets of long-term obligations with long-term investments
Read more News Source - National Post
Publish date - 22:17:24 07/30/10

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Capital requirements delay boosts Manulife
Life insurance companies will have to wait until at least 2013 to get clarity from regulators on the burning question of how much capital they need to set aside to cover their exposure to popular segregated fund guarantees
Read more News Source - National Post
Publish date - 23:47:22 07/29/10

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Cuomo Probes Insurers' `Secret Profits' on Death Benefits of U.S. Soldiers
New York Attorney General Andrew Cuomo began a fraud probe into the life insurance industry and subpoenaed MetLife Inc. and Prudential Financial Inc. for information about profits on death benefits retained from the families of deceased policyholders including military personnel.
Read more News Source - Bloomberg
Publish date - 17:22:57 07/29/10

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Pompton mayor tops among officials
Katie Cole is as tender-hearted as the loving mother and grandmother that she is, and at the same time as tough as the most seasoned politician that she is also. The delicate balance Mayor Cole has maintained for the past two decades has earned her the title of Suburban Trends "Favorite Public Official," by a landslide!
Read more News Source - The Record and Herald News
Publish date - 21:11:28 07/30/10

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NY probes insurers over death-benefit payouts
Bloomberg News - (Bloomberg) -- New York Attorney General Andrew Cuomo began a fraud probe into the life insurance industry and subpoenaed MetLife Inc. and Prudential Financial Inc. for information about profits on death benefits retained from the families of deceased policyholders including military personnel. "It is shocking and plain wrong for these multinational life insurance companies to ...
Read more News Source - Crain's New York Business
Publish date - 17:02:12 07/29/10

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Insurers must wait until 2013 for capital rules
The issue of how much capital insurers must set aside to meet their future obligations has been the subject of much lobbying, and is particularly important to Manulife Financial Corp.
Read more News Source - National Post
Publish date - 16:17:52 07/29/10

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Cole is named Trends area favorite public official
Pompton Lakes Mayor Katie Cole, as she appeared after being elected the first woman mayor of Pompton Lakes in 2007. POMPTON LAKES—Katie Cole is as tender-hearted as the loving mother and grandmother that she is, and at the same time as tough as the most seasoned politician that she is also.
Read more News Source - The Montclair Times
Publish date - 21:06:32 07/30/10

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N.Y. to probe legality of benefit retention by insurers
ALBANY, N.Y. (Bloomberg)—The New York State Insurance Department plans to review the legality of an industry practice that directs death benefits to accounts managed by carriers on behalf of beneficiaries.
Read more News Source - Business Insurance
Publish date - 17:58:54 07/29/10

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This is a Backgrounder On Health Care
Abstract: The Community Living Assistance Services and Support (CLASS) program is an actuarially unsound and fiscally irresponsible misadventure by Congress. Congress should never have enacted this new government-run long-term care insurance program.
Read more News Source - Heritage Foundation
Publish date - 23:20:38 07/29/10

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OSFI considers new capital requirements for seg funds
Federal financial regulators are contemplating changes to capital requirements for segregated funds, some of which could kick in next year, and others that likely won’t take effect for several years.
Read more News Source - Investment Executive
Publish date - 18:55:34 07/29/10

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Fairfax may stomp out smoking at bus shelters
Fairfax County officials are pushing to ban smoking at all public bus shelters, eight months after Virginia's restaurant-and-bar smoking ban went into effect. Business - Health - United States - Fairfax - Virginia
Read more News Source - Washington Post
Publish date - 19:26:32 07/30/10

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First State Reports Second Quarter Results
ALBUQUERQUE, N.M.--(BUSINESS WIRE)--First State Bancorporation: OVERVIEW: Loans decreased $135.6 million. Deposits excluding brokered increased $24.3 million. Brokered deposits including CDARS reciprocal decreased $65.8 million. Net interest margin increased to 2.67% for the quarter. Total non-performing loans decreased $17.4 million. Liquidity increased $41 million since March 31, 2010 and $332 ...
Read more News Source - Business Wire
Publish date - 11:13:30 07/29/10

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