Mutual funds might be forced to sell off lower-quality issues that carry a high rating due to insurance.
Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
Barclays Global Investors has launched eight new iShares international exchange traded funds.
The CPI has increased 3.6% over the first 10 months of the year, compared to a 2.5% gain in all of 2006.
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
the U.K. exchange reported operating profit up 41% to $78.6 million, and earnings per share up 48% to $0.73.
Nearly 51 million U.S. households own mutual funds, representing 44% of all households.
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
