Mike’s Life Insurance Advice

In the news right now is the outrage over the latest in Wall Street scams to hit the street, but this one could be by far the biggest in history. Bernie Madoff allegedly conned wealthy and supposedly sophisticated investors out of $50 billion in a Ponzi scheme. And a number of these investors were insurance [...]

As I was foraging through insurance news, I came across this really interesting article in The Hindu, an online newspaper based out of India. Apparently, a terrorism insurance cover is non-existent. This is a country that has recently been the victim of the terrorist attack in Mumbai and over the course of the last year [...]

Here’s an article in Investor Daily that is centered on Australia’s apparent double-digit growth in the insurance industry, bucking what, for the moment, seems to be a global trend of failure for many insurance companies at home and abroad.

I had to post this as an addendum to my post s few days ago about China Life acquiring AIG’s Asian assets. Apparently the president of China Life, Miao Jianmin, said Tuesday he is unaware of any plan by the company to buy a stake in American International Group Inc. (AIG). Hmm. Either something’s fishy [...]

Yet another foreign company, Swiss Life is cutting about 200 employees and making other cuts to their budget. The once thriving company is now limping along and its hoping this latest wave of belt-tightening will help them out. Swiss Life is just one more indicator that the insurance market continues to dive as it gets [...]