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Insurance Industry News

Life Insurance Policy Locator Service Launched

By Byron Udell | April 9, 2014

Many people have asked me over the years if there was a tool to find lost life insurance policies. The answer was no…until today. The Medical Information Bureau (MIB ) launched their Policy Locator Service to help people uncover whether a policy exists. MIB’s industry-wide database can report if an insurer took a policy application for…

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Almost Sixty Percent of American Homeowners Are Underinsured

By Byron Udell | October 31, 2007

According to Marshall & Swift/Boeckh, a leading provider of building replacement cost data, nearly two out of every three American homes, or 59 percent, are underinsured.  The definition of underinsured is that homeowners, on average, have only enough insurance to pay for 78 percent of costs to replace or rebuild their homes. One of the…

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What Are the Top 20 Life Insurance Companies – 2006?

By Byron Udell | February 9, 2006

Top 20 Life Insurance Companies According to the Insurance Information Institute, the Top Twenty U.S. Life/Health Insurance Groups and Companies by Revenues, 2005 ($ millions) are: MetLife: (revenue) $46,983 — (assets) $481,645 Prudential Financial: 31,708 — 417,776 New York Life Insurance: 28,051 — 153,952 TIAA-CREF: 25,917 — 399,161 MassMutual Life Insurance: 22,799 — 138,365 Northwestern…

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