Life Insurance
April 30, 2012
Genworth's Joelson steps down from running $75B portfolio
Genworth's chief investment officer Ronald Joelson, who oversees $75 billion in assets, is leaving to join Northwestern Mutual Life Insurance.
April 23, 2012
MetLife to pay $500M to settle death benefit probe
Multistate settlement follows review on whether companies were holding funds that should go to beneficiaries.
March 29, 2012
After bailing on annuities, The Hartford looks to pump up its mutual funds
Insurer sees big room for growth in fund world; relocating, bulking up sales force
March 26, 2012
Edward Jones pulls plug on Hartford life, annuity sales
The Hartford's surprise exit from several key businesses is still making waves in the advice industry. The latest news: Edward Jones has ceased selling the carrier's life insurance and annuities.
March 21, 2012
The Hartford does 'something drastic,' will exit annuity and life insurance businesses
Venerable insurer makes dramatic move amid pressure from shareholder John Paulson
March 21, 2012
The Hartford's annuity exit a shocker for advisers
Carrier's wholesalers met with advisers as recently as last week, said insurer was “committed” to annuity space
March 13, 2012
Stillwater runs dry as OSU, Pickens come up empty in insurance battle
Judge rejects bid to recoup $33 million in soured funding scheme for school's athletic department; life insurance policies taken on 27 donors
March 5, 2012
Banks missing a trick by not selling insurance: Survey
Sales of insurance — as well as investment products — tends to attract more profitable customers; big edge in trust over brokerages
February 23, 2012
NY to issue tougher regs on death benefits: Source
Will make lump-sum payment the default option; policyholders must opt in for retained-asset accounts
February 1, 2012
Elderly couple: Rep told us to put our IRA into life settlements
But ex-broker refutes claim, says clients performed their own due diligence
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