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LIFE INSURANCE AND ANNUITIES AUG 22, 2008
Penn Treaty backs off LTC policies

Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.

LIFE INSURANCE AND ANNUITIES AUG 22, 2008
NAVA names president and CEO

Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.

OPINION AUG 22, 2008
A 1035 annuity exchange may look good, but only on paper

REGULATION, LEGAL & COMPLIANCE AUG 21, 2008
Florida's financial regulator latest to resign

Don Saxon leaves amid allegations that his agency let thousands of convicted criminals work in the mortgage business.

RIA NEWS AUG 21, 2008
Leading economic indicators down in July

The index of leading indicators, which gauges the economic outlook for the next three to six months, fell 0.7%.

LIFE INSURANCE AND ANNUITIES AUG 21, 2008
Marsh & McLennan appoints new CFO

The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.

RIA NEWS AUG 21, 2008
Merrill settles with Massachusetts over ARS

Beginning Oct. 15, Merrill Lynch will buy back about $2.1 billion in auction rate securities.

LIFE INSURANCE AND ANNUITIES AUG 21, 2008
LIMRA adds member to compliance team

Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.

RIA NEWS AUG 21, 2008
Cuomo announces bevy of ARS settlements

Attorney General Andrew Cuomo this afternoon announced settlements with Merrill Lynch, Goldman Sachs and Deutsche Bank on the sale auction rate securities.

ALTERNATIVES AUG 20, 2008
LandCap buys land loans from Wachovia

LandCap Partners has announced plans to buy $40 million of troubled land and construction loans from Wachovia Corp.