A.I.G. to Buy General Electric’s Life Insurance Unit in Japan
American International Group is reportedly expanding its already robust operations in Japan by buying GE Edison Life Insurance Co of General Electric Co; plans to pay about $2.6 billion for life insurance company and for GE’s small auto and home i…
Queens Funeral Director Admits Guilt in Life Insurance Fraud
J Foster Phillips Funeral Home (NYC) director Neil Foster Phillips II and wife Eloise Lyles-Phillips plead guilty to mail fraud charges after filing false death certificates to collect life insurance payouts (M)
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A Little Caution in Life Insurance
Consumers should be aware that there is a debate going on in the life insurance industry over abuses in policy illustrations, which are used by companies and agents to sell their products. Understanding the issues can make you a smarter insurance …