Michael Fritz
A deteriorating economy and the prospect of a prolonged bear stock market spell further profit pressure for insurers.
Independent financial advisory firms are being targeted for acquisition by investors looking to roll up small advisory firms into larger businesses and then cash in on the sale of adviser networks.
Some investors already reeling from the broad stock market slide are about to discover more bad news in this year's crop of mutual fund annual reports: higher management fees and expense ratios.
The door may be closing on the opportunity to buy term life insurance at low rates, just as last month's terrorist attacks at the World Trade Center and the Pentagon may prompt many consumers to reassess their financial and insurance plans.
With a recession all but certain and the stock market already off 24% this year, sales of stodgy fixed annuities are booming.
AIG chairman Maurice “Hank” Greenberg picked up some fresh executive talent with the recent acquisition of American General…
The insurance industry faces a massive aftershock as cost estimates of the terrorist attacks on the World Trade…
Property and casualty insurers want to make their agents into financial planners to America’s middle class. Their efforts…
Does a big book of customers translate into success for financial advisers? Not necessarily, according to a new…
While other mutual life insurance companies are happily converting to public ownership, MassMutual is fighting an effort by…
