The model act covers the secondary market for life insurance, including disclosures for viatical settlements brokers.
MBIA Inc. said that the SEC and the New York Insurance Department have started informal inquiries into a deal that the company made with private-equity firm Warburg Pincus LLC.
She will replace Fred Castellani, who will retire at the end of February, ending a 12-year career with the firm.
That’s a 15% decrease from the estimated $4.0 trillion issued last year, according to a SIFMA forecast.
Now that annuities are becoming accepted as part of an overall retirement income program, fee-only planners are wondering whether they should sell the products themselves or refer sales to outside agents.
The group comprises 18 record keepers and investment providers that serve the market for the defined contribution plans sponsored by school systems and hospitals.
Great American Insurance is accused of submitting a false insurance premium quote.
Dave Liebrock will be an adviser at Captrust, working mostly with plan sponsors in the mid-market 401(k) space.
Fixed and variable annuity sales at banks rose to $4.2 billion in October, a 14% gain.
Peter Smyth is now senior vice president and director of strategy, development and operations for international wealth management.
After an outcry from member B-D firms, FINRA proposed pushing back a section of the rule to Aug. 4.
Jackson National Life Insurance Co. today added a pair of new portfolios to its retail mutual fund lineup.
Catherine J. Weatherford, executive vice president and chief executive officer, will earn $370,000.
Sales of new one-family homes fell to an annual rate of 647,000, according to the U.S. Census Bureau.
Up to 13.5 million taxpayers won’t be able to file their AMT-related returns until Feb. 11, said the IRS.
The tax package also includes a seven-year renewal of a terrorism-insurance program.
The insurance company's president and chief executive, Michael G. Cherkasky, will step down.
America’s Health Insurance Plans today unveiled a proposal to provide health insurance coverage to more people.
About 21 million taxpayers will be spared the AMT for 2007 after the House approved an "AMT patch."
Replacing the business income tax with a tax based on gross receipts would be beneficial, suggested the Treasury.
