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Embattled Life Partners sued by shareholders
Claim life settlement provider harmed investors by using flawed actuarial statistics
Death benefits ruling may make life tough for advisers
A recent ruling by New York’s top court regarding life settlements may be good news for hedge funds,…
Prudential is new No. 1 seller of annuities
Prudential Financial Inc. has taken the crown as the biggest seller of variable annuities and overall individual annuities in the U.S. through the first half of this year, according to data released today by LIMRA.
AIG memo: ‘Complete government exit’ in the works
Insurer aiming to regain independence; market conditions the wild card
QA3 facing bankruptcy in insurance squeeze
QA3 Financial Corp. faces bankruptcy because of a dispute with its insurance carrier over the amount of coverage…
Court to insurer: You can’t triple life insurance premiums
A federal court judge in California has ruled against Conseco Life Insurance Co. in a class action, barring it from hitting some 50,000 policyholders with sky-high rate increases on life insurance policies.
Schooling in the finer things
Who says continuing financial education has to be dull? Chartis Inc., American International Group Inc.’s property/casualty unit,…
Help in getting a handle on medical expenses
Fear and outrage had a lot to do with the creation of Ron Mastrogiovanni’s latest venture, Health- View…
Employee advisers rate Edward Jones best, MSSB worst in B-D satisfaction
Edward Jones is tops and Morgan Stanley Smith Barney LLC the worst in terms of financial adviser satisfaction at six national broker-dealers, according to a J.D. Power and Associates Survey released last Friday
Prudential latest to rev up hybrid LTC product
Like automobiles, the future of long-term-care insurance may lie in hybrids.
MetLife halts sale of new long-term-care insurance
MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing “financial challenges” in the business.
Genworth adds Eaton Vance portfolios to its platform
Genworth Financial Wealth Management Inc. has appointed Eaton Vance Investment Managers as a portfolio strategist for its client accounts.
Pacific Life ordered to pay $260K over paperwork snafu
A federal court judge decided against Pacific Life Insurance Co. this week in a case involving the delayed…
New York Life, MassMutual sued over Madoff investments
A machinery manufacturer has sued New York Life Insurance Co., claiming it lost money in variable universal life…
Insurers upping VA withdrawal benefits
Generous withdrawal benefits for variable annuities — albeit with limits — continued their comeback in the third quarter, according to a report from Ernst & Young.
Morningstar VA data: A tale of two displays
After adviser notes differences between adviser and client reports, Morningstar Inc. may review the way it displays returns on variable annuity subaccounts.
Ameriprise bails on outside sales of RiverSource
Limits sales of VA product to company's reps; Big Three getting bigger
VA market share batttle pits Goliaths vs. Goliaths
Though the top three sellers of variable annuities extended their grip on the U.S. market through the first nine months of 2010, smaller-share players have become more aggressive in order to compete.
AIG ‘shouldn’t exist,’ says former chairman
No strategic fit between insurer's two main units, Golub insists; sees carrier eventually being broken apart
Older individuals pay more for new LTC policies: Study
Roughly 76% of individuals under 61 who purchased long-term-care insurance during the first half of 2010 will pay less than $2,500 a year, according to a study released today by the American Association for Long-Term Care Insurance.
