Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters.
Payment to the Bayou State marks third such settlement for the insurer in less than two months
Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.
Insurers are girding for a flurry of questions about their risk management from broker-dealers and advisers whose interest has grown following the economic bust.
Steve Kluever has parted ways with Jackson National Life Insurance Co., joining The Hartford Financial Services Group Inc. and heralding a new push in variable annuity development for the insurer
Neal Smalbach was fired by a broker-dealer in 2008 for selling securities while he was unregistered, an infraction that got him suspended by the Financial Industry Regulatory Authority Inc. for six months, according to the organization's BrokerCheck system.
California today announced a settlement with John Hancock Financial Services Inc. after an investigation revealed that the carrier failed to deliver deceased clients' death benefits promptly to the tune or $20 million. Similar cases are ongoing in Florida, too.
After a surge in variable annuity sales last year, financial advisers are curious about just how much more business the largest sellers can handle without biting off more than they can hedge
Soaring premiums on long-term-care insurance have seniors and advisers up in arms. Some believe new hybrid products may provide better protection and more flexibility.
Survey shows few pre-pensioners have set aside money for LTC or even raise the topic with advisers or loved ones
Truth-in-labeling law comes to medical insurance biz; 'plain English'
Combination life and long-term care polices are gaining serious traction in the marketplace. One for-instance: Sales for Lincoln National's MoneyGuard are up 62 percent over the past year.
Unlike its life insurance counterpart, STATs also have the assumed liability of the broker-dealer writing such business
Trade associations representing the life insurance industry and agents today applauded New York's passage of life settlement legislation.
A Massachusetts federal court judge has quashed a motion by Prudential Insurance Co. of America to dismiss a lawsuit alleging that the insurer had wrongfully held on to veterans' death benefits instead of paying them out in a lump sum
Midsize variable annuity writers such as John Hancock Life Insurance Co., Lincoln National Corp. and Transamerica Life Insurance Co. are expected to give the biggest sellers a run in the race for market share this year
About half of the assets in our variable annuity portfolios are in passive funds, which are easier to hedge
