AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
A portfolio modeling and rebalancing tool is being built into an upcoming Fidelity WealthCentral Platform.
Hedge funds gained ground in April, rebounding from a rough March, according to industry indicators.
Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.
