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QA3 tangles with insurer over private-placement coverage
QA3 Financial Corp., an independent broker-dealer that was a leading seller of high-risk private placements over the last decade, in a recent lawsuit said its insurance carrier was pushing it into bankruptcy by failing to back up its coverage.
N.Y. Life shows its pride
In time for Gay Pride Month, New York Life Insurance Co. has launched a LGBT channel on its website to address financial and estate-planning needs unique to the lesbian, gay, bisexual and transgender community
Gender split on target funds
Female retirement plan participants appear to display a greater inclination to place assets in target date funds than in target risk funds
Surprisingly sexy: This sector is being talked up by analysts
Who'd a thunk it? Life insurers, now cash-rich, have rebounded nicely from the financial crisis. But their shares are still cheap compared with those of banks, analysts say.
Treasury set to offer guidance on income products
Aiming to curb the number of individuals who are likely to outlive their retirement savings, the Treasury Department soon will offer guidance on lifetime income options that 401(k) plan participants should have available when they retire
Aviva fleeced in church scam, suit claims
Aviva Life and Annuity Co. late last month filed suit in federal court against a handful of life insurance agents, claiming that they fraudulently sold coverage to some 119 church members
Split AIG into two units, former chairman says
Bailed-out insurer AIG should be broken up eventually because its two main businesses have “no strategic fit between them,” according to Harvey Golub, its former chairman
Jackson temporarily shuts off access to Stattman fund in VAs
Jackson National Life Insurance Co. has temporarily closed off access to the JNL/BlackRock Global Allocation fund option in the carrier's variable annuities.
Jackson National to decelerate VA juggernaut
Jackson National has announced it will attempt to slow down sales of it sgenerous variable annuity contracts. How it plans on going about this is another proposition.
Annuity fees a turnoff for clients and advisers
Products are 'difficult to assess,' commission-based distribution seen as a problem
VA-voom! U.S. variable annuity sales up 24%
Variable-annuity sales in the U.S. increased for the fifth straight quarter, led by gains at Prudential Financial Inc.
76-year-old Texas insurance agent gets 15 years for fraud
Stole $7M from elderly clients; will get out of prison when he's 91
Tax reform delays don’t slow efforts to educate Hill
Even though the conventional wisdom in Washington is that Congress won't get around to major tax reform until after the presidential election, financial and insurance companies, and adviser groups are working feverishly to build the foundation for that policy battle
This insurer’s stock price could rise 32% in the next year, says Bank of America
AIG shares vastly undervalued, analyst says; specter of government ownership still a turn-off
MetLife’s marketing of asset accounts ‘deceptive,’ judge says
Case against insurer dismissed, but wording in ruling likely to trigger more litigation, regulatory probes
MassMutual, The Hartford skip retained accounts, cut checks for beneficiaries
Insurers among the few that buck industry trend of sending survivors checkbooks -- rather than lump-sum checks
‘Outraged’ legislator’s proposal targets retained-asset accounts
Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'
Cuomo probing insurers ‘secret profits’ from grieving families
Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits
Fallen soldiers’ families denied cash as insurers profit
Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'
Jackson’s putting brakes on VA sales ‘a whiplash’
Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns
