N.Y. forces life insurers to seek out beneficiaries every three months

Written by Samantha Edmunds on May 16, 2012 – 6:39 pm

New York has instituted new regulations requiring all life insurers marketing in the state to regularly search a government database of recent deaths, seeking deceased policyholders so beneficiaries who have not made claims can be paid.

Andrew Cuomo

New York Gov. Andrew M. Cuomo announced the New York Department of Financial Services (DFS) regulations, a followup to the states efforts, starting in July 2011, to force insurers to improve their efforts to connect deceased policyholders accounts with their beneficiaries.

Insurers must cross-check their policyholders against the U.S. S

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Tags: Life Insurers, Seek
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M&G shows institutional investors the way during ‘shareholder spring’

Written by Samantha Edmunds on May 6, 2012 – 6:58 pm

Well done M&G – it was one of the few institutional investors that didn’t tick the box last week to approve Andrew Moss’s re-election as a director of Aviva. The fund management division of Prudential was in a substantial minority. Nine out of 10 votes were cast in favour of his retention, even though the chief executive’s standing among fund managers has been rather like the share price of his company for the past five years – it’s been falling.

Two conclusions can be drawn. First, most shareholders are using advisory votes on pay as a opportunity to express dissatisfaction with boards that don’t deliver the goods for shareholders. A

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Tags: Institutional Investors, Investors
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U.S. Treasury criticized for giving stealth bailout to AIG

Written by Samantha Edmunds on April 1, 2012 – 4:24 am

A disbanded congressional committee said the federal government should end its “special tax deal” with American International Group (AIG) that has resulted in $17.7 billion in profits for the company since 2008.

Former members of the Congressional Oversight Panel (COP) for the Troubled Asset Relief Program (TARP), including COP Chairwoman Elizabeth Warren, Damon Silvers, Mark McWatters and Kenneth Troske, said in a statement March 12 that the U.S. Dep

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Tags: Aig
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Choosing an Insurance Company

Written by admin on March 25, 2012 – 12:17 pm

Aside from choosing the right whole life insurance policy to purchase, you also need to make sure that the insurance company you are working with is a reliable and reputable one. The only way to protect your family perfectly from unwanted financial risks is by working with the best insurance company that offers the right whole life insurance policy, so it is indeed necessary to compare insurance companies before finalizing your purchase decision.

The first thing you need to check when comparing insurance companies is the companies’ registrations. Insurance companies in the United States must be legally registered and certified by the FSA. F Read more info…


Tags: Insurance Company
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Domestic & General service is off the boil

Written by Samantha Edmunds on March 23, 2012 – 12:42 pm

We have a Domestic & General Baxi repair plan which offers a boiler service annually. Last September I called D&G to request our annual service, and was told I would be contacted by Baxi. Despite three more phone calls within the period of our plan, during which I was assured the service would take place soon, it didn’t happen. D&G offered a refund of £58 for last year’s premium, and said we would receive our boiler service in due course. Despite repeated requests to both companies, my money is no nearer being paid, or my boiler serviced. I have spent substantial time and money on the phone, to no avail.

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Tags: Boil
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