Some take their lives so that surviving family members can collect insurance, which has led insurance firms to defer payments for two or three years as a deterrent.
Unable to buy out its partner, it is pursuing local incorporation, something only recently allowed, and investments in Bank of Shanghai and Ping An, an insurance firm.
The insurance firm considers events “catastrophes” if insured claims, total economic losses or casualties exceed a certain threshold.
The employment agency placed her with an insurance firm.
Some traders linked the sharp fall to plans by Prudential, a British insurance firm, to purchase the Asian operations of AIG, an American insurance giant, at a cost of $35 billion.
If BANKS go bang, life insurance firms sputter.
Overall, insurance premiums rose by 2.7% in real terms to $4.3 trillion in 2010, according to Swiss Re, a reinsurance firm.
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