The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.
Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.
Hedge fund assets grew by only 10% in the second half of the year, marking the smallest half-year increase since 2002.
The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
ETFs could start up more easily and mutual funds could make larger investments in them under the proposal.
The suits were filed in U.S District Court in Manhattan by the $58 million VCG Special Opportunities Master Fund.
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
"I would say, by any common-sense definition, we are in a recession," said Warren Buffett, CEO of Berkshire Hathaway.
Registered investment advisers just might be the next big ticket for the insurance industry.
Dodge & Cox's intention to launch a global-stock fund in April or May has observers trying to read the tea leaves.
The investment community appears to be catching on to the idea behind the Rydex Managed Futures Strategy (RYMFX), a first-of-its-kind registered mutual fund that provides synthetic exposure to the futures markets.
Exchange traded funds that are based on fundamental indexes have ballooned in number, but they are having a hard time attracting assets.
Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.
Mutual fund companies are arming their wholesalers with new tools to help financial advisers manage client anxiety about the roller-coaster markets and unsettling financial news.
Financial advisers know little of William McNabb III, who today replaces John J. Brennan as president of The Vanguard Group Inc. and who will be taking Mr. Brennan's position of chief executive in about a year.
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
The push for actively managed exchange traded funds, the Holy Grail of the ETF industry, is intensifying.
