New life insurance premium levels at banks leapt by nearly 60% during the third quarter, beating the overall industry's growth for the second consecutive quarter, according to data from Kehrer-LIMRA.
A California couple has filed suit against The Variable Annuity Life Insurance Co., an AIG Inc. subsidiary, claiming the company's sales agents misled investors about the tax advantages of using variable annuities in qualified retirement plans.
Finra has barred a registered representative after finding that the Virginia rep had misrepresented the return a client would receive on a deferred annuity.
Though adults know it would be disastrous to lose their income due to a disability, it seems only a minority of them actually insure against that risk.
Having taken over as chief executive of American International Group Inc.'s Domestic Life and Retirement Services, Jay S. Wintrob has assured employees in a letter that SunAmerica and VALIC products will be back on distributors' shelves.
Cincinnati Financial Corp. said Monday that Robert C. Schiff, a company founder who retired from the property and casualty insurer's board in 2004, has died. He was 86.
Despite an improving economy, losses and investment risks continue to loom ahead for life insurers' investment portfolios, according to a report from ratings firm A.M. Best Co. Inc.
Even as they fight a rule that would treat indexed annuities as securities, many insurers are pre-paring their agents to become registered representatives, should the rule become law.
Rising taxes and puny money fund rates are leading investors to revisit the public-debt sector
The Department of Labor and the Treasury Department have put out a request for information on the use of annuities in defined-contribution plans.
American International Group Inc. asked a federal judge to dismiss a case brought against it by a Canadian real estate investment firm concerning a swap deal initiated in 1990.
The market may have rallied over the past several weeks, but Bill Gross is sticking to his opinion that investors will never again see the returns and profits of a few years ago.
Exchange-traded funds potentially make it easier for financial advisers to build a well-diversified portfolio that limits volatility by spreading risk. But the proliferation of more exotic ETFs — particularly leveraged and inverse ETFs — could blunt their diversification potential.
American International Group Inc. on Tuesday said it will go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock.
More financial advisers are now using exchange-traded funds than ever, but these investments still have a long way to go before they'll occupy a significant chunk of clients' portfolios.
Caterpillar Inc.'s announcement that it has reached a tentative settlement over the fees it charged its 401(k) plan participants may be bad news for plan sponsors, their advisers and mutual fund companies.
Morgan Stanley executives plan to sell the Van Kampen mutual fund business and Invesco Ltd. has emerged as the leading bidder among those invited to look at the unit, according to market sources who declined to be identified.
Life insurance agents' advocacy groups teamed up this month to ask Senate Banking Committee Chairman Christopher Dodd, D-Conn., to reconsider a legislative provision that would require life agents to become registered investment advisers.
The special master for executive compensation under the Troubled Asset Relief Program told a congressional panel last Wednesday that he does not believe American International Group Inc. will repay all the money it has received from the federal government.
