and Life Insurance

China Life 1Q profit falls amid surge in claims
China Life Insurance Co., the country’s biggest life insurer, says its profit sank 22 percent in the first quarter of the year, sapped by a surge in claims and weak returns on its investments.
Read more on AP via Yahoo! Finance

Metlife Faces Questions Over Death Benefits
Life insurance giant, Metlife, Inc., is facing some scrutiny by California regulators. A subpoena was just issued to determine if Metlife cheated policyholders’ survivors on death benefits, said Bloomberg News. “MetLife failed to pay life insurance policy benefits to named beneficiaries or the state even after learning that an insured had died,” said California Insurance Commissioner, [...]
Read more on NewsInferno

China Life 1Q profit falls 22 pct on weak returns
China Life Insurance Co., the country’s biggest life insurer, says its first-quarter profit sank 22 percent, hit by a surge in claims and weak returns on its investments.
Read more on AP via Yahoo! Finance

Related Posts:

• China Life first-half profit up 7.4 percent
• Real Life Claims Examples of Contractor Pollution Liability
• China Life Insurance says plans to issue sub-debt
• Allstate 4Q Profit Falls 43% On Catastrophe Losses, Misses Views
• Progressive Profit Falls 1.9% to $299.2 Million as Insurer Beats Estimates