Registered investment advisers just might be the next big ticket for the insurance industry.
Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
The process could come to a favorable conclusion for the bond insurer early this week.
Insurers are stepping up their wholesaler education efforts to help advisers prepare for tougher suitability rules involving the sale of variable annuities.
Aware of the appeal of variable annuity riders, carriers plan to strengthen their offerings while attempting to meet financial advisers' calls for simplicity.
As Wisconsin's insurance commissioner and vice chairman of the Life Insurance and Annuities (A) Committee of the Kansas City, Mo.-based National Association of Insurance Commissioners, Sean Dilweg is focusing on suitability, wholesaler training and curbing VA abuse.
Portfolio volatility and the sequence in which returns are realized play a unique role in portfolios subject to regular retirement withdrawals.
While industry experts and broker-dealers are working to simplify variable annuity processing and cut down on paperwork electronically, software vendors are trying to help advisers easily compare products to comply with suitability requirements.
The two were among a group of ex-Marsh executives who were charged in a criminal indictment in September 2005.
MBIA has pulled away from the Association of Financial Guaranty Insurers, saying it no longer shared the trade association’s views.
Ex -AIG CEO Maurice R. Greenberg will get court-ordered access to legal documents that could help him fight fraud charges, according to published reports.
The New York State Insurance Department also reproached the plan, arguing that it would be “bad for the banks.”
