Many American households would be in financial distress if confronted with the loss of a breadwinner, according to a recent survey from New York Life Insurance Co.
Growth in The Hartford Financial Services Group Inc.'s wealth management and retirement businesses will be a renewed area of focus as the insurance giant welcomes its new chief executive, Liam E. McGee, who officially joined the firm last week from Bank of America Corp.
Financial advisers and consumer advocates are skeptical of a proposal from the life insurance industry that could reduce the amount of capital that carriers need to hold against residential-mortgage-backed securities.
Pennsylvania's insurance department today filed petitions to liquidate embattled long-term care insurer Penn Treaty Network America Insurance Co. and American Network Insurance Co.
Four senior citizens in Florida who were scammed into purchasing “inappropriate” equity indexed deferred annuities have had a combined $1.2 million returned to them by the state's chief financial officer, Alex Sink, according a statement from Florida's Department of Financial Services.
The insurance industry predicts a new boom in variable annuities as tax deferral takes the spotlight in the near future, but financial advisers and broker-dealers aren't convinced that this will help products fly off the shelves again.
The Insured Retirement Institute last week chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
National ratings agencies received criticism yesterday at a meeting of the insurance industry for their failure to properly rate residential mortgage-backed securities prior to the crisis.
Regulators and legislators clashed with members of the life settlements industry at a congressional hearing today that focused on the risks and merits of life settlements securitization.
Retirees and pre-retirees remain skeptical about the likelihood of recovering their portfolio losses, and they are keeping financial advisers at arms' length, according to an informal survey.
A North Carolina insurance agent and former registered representative was arrested yesterday and faces embezzlement charges for allegedly duping a 90-year-old woman into signing away her annuities.
Client-centric marketing tactics and a more emotional approach are key to financial advisers' efforts to distinguish themselves from their competition, a tele-savvy adviser said today at the Insured Retirement Institute's annual conference in Boston.
The Insured Retirement Institute today chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
Insurance broker and consulting firm Marsh & McLennan Cos. said Monday that it will extend President and CEO Brian Duperreault's contract an additional three years to Jan. 29, 2014.
California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.
Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.
The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
