News

KANSAS CITY, Mo. - With a goal of helping insurers better compete in the marketplace, the National Association of Insurance Commissioners is working on an Interstate Compact Working Group. Still in the draft stage the working group provides uniform standards and a single point of filing for annuity and life...

ST. PAUL, Minn. -Minnesota Life Insurance Company, an affiliate of Securian Financial Network, has launched a major wholesaling initiative to expand annuity distribution and sales. "Annuities are a scale and risk management business," said Kerry Geurkink, director, Annuity Marketing. "Minnesota Life very much understands the risk management side. We currently...

CHICAGO -Fitch Ratings has affirmed CMG Mortgage Insurance Company's `AA' insurer financial strength rating. As part of its review process, Fitch stress tested CMG's insured mortgage portfolio to estimate the impact a severe economic downturn and the resulting mortgage loan defaults could have on the company's capital position. The results...

ATLANTA - For financial service and insurance industry professionals looking for training and education help is simply a click away. Since 1924 LOMA has provided learning materials for the insurance industry and it has recently launched an e-learning site -LOMALearn.com. LOMALearn offers more than 100 interactive courses covering life insurance,...

SEATTLE - Safeco and Los Angeles-based Answer Financial Inc. have joined forces to sell automobile, homeowners, and other property and casualty policies via the Internet and call centers. In addition the Answer Financial link grants customers access to annuities; prepaid legal services; home warranty, vision, and prescription discount plans; online...

SOUTHBEND, Ind. - When it comes to loans, Communitywide Federal Credit Union can shout, "What a difference automation makes". In 2001, the $84 million credit union managed to increase its loan volume by more than 50% to over $60 million. "Two factors have made our rapid loan growth possible," said...