Payment to the Bayou State marks third such settlement for the insurer in less than two months
Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.
2010 was a very bad year for legendary stock picker Bill Miller. But the 'Great Rotation -- developed nations in, emerging markets out -- has reversed the fortunes of the Legg Mason fund manager.
Investors are continuing to stampede out of tax-exempt muni bond funds, but they probably shouldn't, according to Gary Pollack, Deutsche Bank AG's head of fixed-income trading
Fund firms' reliance on faltering fixed-income sector a concern, analyst says
Municipal bond investors are trying to unload holdings at the fastest pace in at least 14 years amid increasing mutual fund redemptions and rising U.S. Treasury rates, shortly after analyst Meredith Whitney forecast “hundreds of billions of dollars” in municipal defaults.
Meredith Whitney went out on a limb -- way out -- with a jaw-dropping prediction on '60 Minutes.'
Bill Miller, Legg Mason's highly-touted stock picker, believes that President Obama's tax cut plan will be a shot in the arm for U.S. stocks.
With almost no place for interest rates to go but up, the distinction between individual bonds and mutual funds that invest in bonds is becoming increasingly important.
Mutual fund companies are beefing up their sales departments, a sure sign of optimism in an industry that was hit hard by the financial downturn
Insurers are girding for a flurry of questions about their risk management from broker-dealers and advisers whose interest has grown following the economic bust.
Steve Kluever has parted ways with Jackson National Life Insurance Co., joining The Hartford Financial Services Group Inc. and heralding a new push in variable annuity development for the insurer
Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, plans to start a fund to buy corporate debt, the firm said in a prospectus filed today with the U.S. Securities and Exchange Commission.
Open-end U.S. municipal-bond funds dropped an average 3.7 percent in the past month as investors withdrew money for the first time in seven months.
Neal Smalbach was fired by a broker-dealer in 2008 for selling securities while he was unregistered, an infraction that got him suspended by the Financial Industry Regulatory Authority Inc. for six months, according to the organization's BrokerCheck system.
Right now, the increase in the cost of living is far outstripping returns on certificates of deposits -- even long-term CDs.
Pointing to improvements in corporate culture and stewardship grades, Morningstar Inc. has raised its ratings for J.P. Morgan Asset Management's SmartRetirement target date funds.
Entering mostly uncharted waters; 'not an easy place to be fishing for assets'
