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Great American charged by Mass. AG
Great American Insurance is accused of submitting a false insurance premium quote.
Liebrock jumps from Fidelity to Captrust
Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.
Bank sales of annuities up in October
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
Hartford selects global wealth VP
Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.
Unemployment claims climb to 5%
Growth in U.S. payrolls slowed to a trickle and the unemployment rate increased significantly in December.
Private sector adds 40,000 jobs
But financial-services firms trimmed 5,000, marking the third decline in the last five months.
FINRA wants delay in VA-sale rule
After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.
SEC report sheds light on B-D rule
Many investors found disclosures that advisers and B-D firms are required to provide are "problematic.”
Jackson adds VIP and S&P funds
Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.
NAIC announces 2008 execs, salaries
Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.
Millionaires, affluent upbeat in new year
Confidence blossomed among investors with more than $500,000 in investible assets in December.
Existing homes value drops 1.4%
Prices of existing single-family homes slumped for the tenth consecutive month in October.
Marsh & McLennan CEO shown the door
The insurance company's president and chief executive, Michael G. Cherkasky, will step down.
Americans earning, spending more
Customers opened their wallets in November, as personal income and prices jumped, according to the Commerce Department.
Group moves to bridge insurance GAP
America’s Health Insurance Plans today unveiled a proposal to provide health insurance coverage to more people.
Morgan feels subprime pain in Q4
Mortgage-related losses took a $9.4 billion bite out of Morgan Stanley’s fourth-quarter report, the bank said yesterday.
Economy expands in third quarter
The gross domestic product increased 4.9% in the July-to-September quarter, unrevised from its previous estimate.
Japan holds interest rate at par
The Bank of Japan kept interest rates steady at 0.5%, indicating that the Japanese economy is expected to grow at a slower pace.
Bear takes $859 million 4Q hit
The Bear Stearns Cos. Inc. posted its first quarterly loss in the company's 84-year history.
Insurers prescribe broader health care
America’s Health Insurance Plans has unveiled a proposal to provide health insurance coverage to more people.
