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New York state releases final ruling on broker pay
The New York State Insurance Department released its final producer compensation disclosure regulation Tuesday.
Calif. insurers: We’ve got $12B invested in Iran
California's insurance commissioner said Tuesday he will push insurance companies doing business in California to divest up to $12 billion in indirect investments in Iran's defense, nuclear, energy and banking industries.
Catastrophe bond issues expected to surge this quarter
The catastrophe bond market is poised for an active fourth quarter as several factors combine to boost the insurance-linked-securities sector, according to experts and observers
Aon Corp., Hartford Financial Services, MetLife Inc.
Aon Corp.said today its first-quarter profit jumped 28% as the insurance broker was able to slash costs, more than offsetting a slight decline in revenue.
Did motivational speaker kill himself for insurance money?
From the start, the man accused of killing motivational speaker Jeffrey Locker told a startling tale: He said Locker asked for help stabbing himself to death so his family could collect life insurance money.
MetLife near $14B deal for AIG international life unit
American International Group Inc. is in talks with MetLife Inc. to sell one of it's largest insurance units for between $14 billion and $15 billion, according to news reports Tuesday citing people familiar with the matter.
Report: AIG CEO ready to quit over pay constraints
After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight and restrictions on what the bailed-out company can pay employees, according to a published report.
MetLife CFO: Overseas acquisitions are on tap
MetLife Inc. is licking its chops at the opportunity to expand overseas, according to published reports.
Report: AIG discussing sale of unit to MetLife
Insurer American International Group Inc. is discussing a possible deal to sell all or part of one of…
Nationwide steps away from 200 indie advisers
Nationwide Financial Network, the sales and marketing arm of Nationwide Mutual Insurance Co., has informed the 200 independent financial advisers that clear through its brokerage to find a new broker-dealer by April 30.
Insurers would take modest hit from Obama’s proposed tax: KBW
Major life carriers' earnings will take just a minor hit from President Obama's proposed Financial Crisis Responsibility Fee, according to a report from securities firm Keefe Bruyette and Woods.
N.Y. state orders FGIC to stop paying claims
The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
ING’s insurance unit flops in the fourth quarter
ING Groep NV, one of Europe's largest banking and insurance groups, reduced its losses to €712 million ($980 million) for the fourth quarter on Wednesday, reflecting a mixed operating performance and a big charge related to an earlier bailout.
Government requests information on using annuities in 401(k)s
The Labor and Treasury department have put out a request for information on the use of annuities in defined-contribution plans.
Life settlement disclosure sticking point for advisers
To discuss life settlements or to ignore life settlements — that’s the question insurance agents and registered reps…
Life settlement suit raises questions about duties of reps, firms
A recent lawsuit concerning a failed investment in a life settlement has exposed a new area of regulatory uncertainty and potential liability for registered representatives and their firms.
SEC creates life settlements task force
Amid growing scrutiny of life settlements securitization, the Securities and Exchange Commission has created a task force to examine financial products, according to The Wall Street Journal.
Appeal of life settlement securitizations seen as limited
Buzz is building among financial firms about arranging life settlement securitizations, but experts question the structured products' viability as an investment amid a lengthy list of risks and a limited track record of successful transactions.
MetLife expects 50% bump-up in earnings next year
MetLife Inc. on Monday projected fourth-quarter and 2010 operating earnings mostly above analyst estimates.
Insurance groups slam Obama’s budget proposal
The life settlements and life insurance industries are criticizing President Barack Obama's 2011 budget proposal, which includes provisions that would require additional reporting to the IRS for life settlements and would impose taxes on corporate-owned life insurance.
