Products are 'difficult to assess,' commission-based distribution seen as a problem
Stole $7M from elderly clients; will get out of prison when he's 91
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
AIG shares vastly undervalued, analyst says; specter of government ownership still a turn-off
Case against insurer dismissed, but wording in ruling likely to trigger more litigation, regulatory probes
Insurers among the few that buck industry trend of sending survivors checkbooks -- rather than lump-sum checks
Bill requires insurers to disclose how much money they stand to make off the float; 'corporate greed'
Subpoenaeas MetLife Inc. and Prudential Financial Inc. for information on practice of generating investment income off survivors' death benefits
Survivors given checkbook accounts, while insurers retain the assets; 'turning death claims into a profit center'
Corporate mandate to slow accelerating sales seen as prudent, but advisers express concerns
Financial services firms — many with operations in Japan — are opening their corporate pockets in response to the country's disasters.
Payment to the Bayou State marks third such settlement for the insurer in less than two months
Connecticut's insurance department yesterday kicked off an inquiry into insurers' payments of death benefits and the steps the insurance companies take to locate beneficiaries.
Insurers are girding for a flurry of questions about their risk management from broker-dealers and advisers whose interest has grown following the economic bust.
Steve Kluever has parted ways with Jackson National Life Insurance Co., joining The Hartford Financial Services Group Inc. and heralding a new push in variable annuity development for the insurer
Neal Smalbach was fired by a broker-dealer in 2008 for selling securities while he was unregistered, an infraction that got him suspended by the Financial Industry Regulatory Authority Inc. for six months, according to the organization's BrokerCheck system.
California today announced a settlement with John Hancock Financial Services Inc. after an investigation revealed that the carrier failed to deliver deceased clients' death benefits promptly to the tune or $20 million. Similar cases are ongoing in Florida, too.
After a surge in variable annuity sales last year, financial advisers are curious about just how much more business the largest sellers can handle without biting off more than they can hedge
