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Tax deferral benefits take center stage for VAs
The insurance industry predicts a new boom in variable annuities as tax deferral takes the spotlight in the near future, but financial advisers and broker-dealers aren't convinced that this will help products fly off the shelves again.
Axa exec replacing Casady as chairman of VA trade group
The Insured Retirement Institute last week chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
Ratings agencies under fire over residential-mortgage-backed securities
National ratings agencies re-ceived criticism Thursday at a meeting of the insurance industry for their failure to properly…
National ratings agencies come under fire over residential-mortgage-backed securities
National ratings agencies received criticism yesterday at a meeting of the insurance industry for their failure to properly rate residential mortgage-backed securities prior to the crisis.
Legislators quiz regulators on deterring abuse in life settlements securitization
Regulators and legislators clashed with members of the life settlements industry at a congressional hearing today that focused on the risks and merits of life settlements securitization.
Investors still don’t trust advisers, financial services industry
Retirees and pre-retirees remain skeptical about the likelihood of recovering their portfolio losses, and they are keeping financial advisers at arms' length, according to an informal survey.
Adviser arrested after allegedly looting a 90-year-old woman’s annuities
A North Carolina insurance agent and former registered representative was arrested yesterday and faces embezzlement charges for allegedly duping a 90-year-old woman into signing away her annuities.
Panelists at IRI offer strategies for advisers to distinguish themselves from their peers
Client-centric marketing tactics and a more emotional approach are key to financial advisers' efforts to distinguish themselves from their competition, a tele-savvy adviser said today at the Insured Retirement Institute's annual conference in Boston.
Axa executive replaces LPL honcho as chairman of the Insured Retirement Institute
The Insured Retirement Institute today chose James A. Shepherdson, executive vice president of Axa Equitable, as the group's chairman.
Marsh & McLennan extends CEO Duperreault’s contract
Insurance broker and consulting firm Marsh & McLennan Cos. said Monday that it will extend President and CEO Brian Duperreault's contract an additional three years to Jan. 29, 2014.
California AG launches probe of credit rating agencies
California's attorney general said Thursday his office is investigating Wall Street's big credit rating agencies to determine what role they may have played in the collapse of the financial markets.
Vast majority of non-qualified annuity holders earn less than $100K, survey shows
Middle-class Americans and women make up the lion’s share of non-qualified annuity holders, according to a survey from…
Former Merrill rep stripped of insurance license and fined in funeral trust case
The Illinois Department of Insurance today stripped a producer of his insurance license and slapped him with a…
Genworth opens $500M public stock offering
Genworth Financial Inc. yesterday kicked off a $500 million public stock offering of its Class A shares.
New York Insurance Department to hold hearing on life insurance and annuities sales to seniors
The New York Insurance Department will hold a public hearing tomorrow on the marketing of life insurance and annuities, specifically focusing on suitability of sales to seniors.
Genworth mortgage unit settles arbitration case related to coverage on a block of loans
A Genworth Financial Inc. mortgage insurance subsidiary has settled an arbitration case, ending a nearly yearlong feud related…
Outlook for insurers still dim, S&P notes
Although the economy appears to be brightening, the insurance sector in North America will remain on a negative outlook, according to a report from Standard and Poor's Ratings Services.
INSURERS’ RATINGS WEIGH HEAVILY ON ADVISERS
A year after the onset of the financial crisis, advisers remain wary of insurers' financial health when recommending products, according to the InvestmentNews 2009 Insurance Product Survey.
Life insurers lobby for tax breaks
With tax reform high on the administration's agenda for next year, the life insurance industry is pushing for preferential treatment for annuities.
Indexed-annuity crusader
Sheryl J. Moore is mad as hell at the media, and she's not going to take it anymore.
