The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.
Consumer protections and state partnership arrangements with insurance companies were among the topics.
HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.
The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.
Confidence among global institutional investors rose this month, but was weak on the home front, according to a survey.
The 10 international-sector SPDR ETFs are use as benchmarks a series of the S&P World ex-U.S. broad market indexes.
Although financial advisers are the key drivers in the generation of hedge fund sales, it appears the hedge fund industry and advisers aren't connecting as well as they might, according to a new study.
Stung by media and union criticism that their proxy votes are in the pockets of corporate management, the mutual fund industry is fighting back.
Mr. Weisbrod, president of Weisbrod Financial Services Inc. and Staar Financial Advisors Inc. of Pittsburgh, is launching sfamoney .com next month as part of an effort to provide advisers and retail investors with model ETF portfolios, commentaries and various other planning tools.
American Equity Investment Life Insurance has settled a class action for $16.4 million over abusive annuity sales.
The ex-Stamford, Conn.-based hedge fund managed by Samuel Israel defrauded investors out of $300 million.
The board took action to improve transparency in the municipal bond market during its three-day meeting.
The funds employ long-term capital growth strategies by investing primarily in equity securities of U.S. issuers.
The $12.5 billion allocated to hedge funds during the quarter marked the lowest level of new capital since 2005.
Housing starts rose 9.1% to 1,066,000 units in June from May, but down 26.9% from a year ago.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
State insurance regulators are displeased with the Securities and Exchange Commission and state securities regulators about a proposal that would regulate equity index annuities as securities rather than as insurance products, and one state insurance regulator is meeting with SEC Chairman Christopher Cox this week to address those grievances.
The GCC Titans 40 Index measures the performance of 40 stocks traded in five of the Gulf Cooperation Council nations.
The pursuit of investment performance in an increasingly uncertain market is drawing more attention to alternative investment strategies, a situation that could place more pressure on financial advisers to step outside their traditional comfort zones.