Ratings firm Moody's Investors Service has slashed the ratings of guarantors MBIA Inc. and Ambac Financial Group Inc., both of New York.
Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.
Findings from The Conference Board Inc.'s index of leading indicators show that an economic rebound may be on the horizon.
The policy, the Lifetime FlexPlus II, features premiums that are 3% to 5% lower than those of the original version.
The New York-based firm suffered a 61% second-quarter drop in profit but still beat analysts' expectations.
Pennsylvania Life Insurance has agreed to a $925,000 settlement following allegations of unsuitable annuity sales in Wisconsin.
The Lance Group specializes in school boards and municipalities and handles benefit plan analysis as well as design.
Bellatore Financial of San Jose, Calif. will purchase $540 million in assets from Nationwide Investment Advisors
The producer price index, which tracks the inflation rate for wholesalers, increased 1.4% in May.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
Two of the brokerage industry's most prominent wealth managers have dumped their wirehouse broker-dealers, instead opting to become independent registered investment advisers, with more well-known advisers perhaps soon to take the same path.
Investors, bankers and real estate investment trust executives expressed cautious optimism as they gathered in New York recently to discuss commercial real estate prospects at this year's NAREIT Investor Forum.
The FPA says the rule would add confusion and conflict regarding standards of accountability to the investor.
Despite continued efforts to curtail litigation when brokers change firms, departing reps are still being sued, and some say that recent developments suggest the harassment won't stop anytime soon.
Supporters of simplified disclosures for variable annuities may get a boost from a proposal that state insurance regulators will soon consider.
Net assets in variable annuities have also risen, reaching $1.39 trillion, compared to $1.38 trillion in the first quarter of 2007.
First-quarter earnings hit $1.07 billion, the second highest level ever, a gain of $993.3 million from a year ago.
American International Group could hold an emergency meeting this weekend to discuss the future of chief executive Martin J. Sullivan, CNBC reported Friday.
Inflation rose 0.6% in May as skyrocketing food and energy prices boosted inflation by the largest amount since November.
