Life Insurance Roundup, June 2, 2016


Should Family of San Bernardino Shooter Receive Life Insurance Payout? – Fortune

Federal prosecutors moved on Tuesday to block the family of alleged San Bernardino shooter Syed Rizwan Farook from receiving $275,000 in life insurance payouts,according to a statement from the United States Attorney’s Office for the Central District of California. 


Reliance Life Insurance CEO Anup Rau quits – The Economic Times

MUMBAI: Reliance Life Insurance’s chief executive of three years, Anup Rau — considered the architect of the joint venture with Japan’s Nippon Life — has quit the company, said three people familiar with the development. 


Today: Inside Trump U. Terror and Life Insurance. – LA Times

Things between Jerry Brown and the Clintons haven’t exactly been smooth over the years. Back in 1992, Brown called Bill Clinton “the prince of sleaze.” 


HDFC Life Insurance: Technology Enabled Business Transformation at its Best

HDFC Life is a well-known name in the insurance space in India, offering a range of individual and group insurance solutions for various customer needs like protection, pension, savings, investment and health. The company witnessed 23% growth vs. previous year in FY 2015. 


Munich Re to Spend $1.1 Billion on Primary Insurance Revamp – Bloomberg

Munich Re, the world’s second-biggest reinsurer, plans to spend 1 billion euros ($1.1 billion) by 2020 restructuring operations at its loss-making primary insurance unit in Germany. 


5 things you need to know now – Feds file lawsuit to seize San Bernardino shooter’s life insurance payouts

On Tuesday, the federal government sued to keep the family of San Bernardino shooter Syed Farook from receiving $275,000 from life insurance policies he took out in 2012 and 2013. 


AIA, Prudential eye Thai insurance stake – Business News | The Star Online

AIA Group and Britain’s Prudential PLC are among insurers considering bids to buy at least 49% of the US$3bil insurance unit of Thai lender Siam Commercial Bank (SCB) , people with direct knowledge of the matter said. 


China regulator inspects insurers’ investment risk controls -paper | Reuters

China’s insurance regulator has launched an inspection of insurers’ risk controls over stock, private equity and real estate investments, the official Shanghai Securities News reported on Wednesday, citing unnamed sources. 


U.S. Government Files Suit to Seize San Bernardino Shooter’s Life Insurance – NewsBeat Social

On May 31, the U.S. attorney’s office in Los Angeles filed a civil asset forfeiture lawsuit for two life policies taken out by San Bernardino shooter Syed Farook. 

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