At first glance, financial advisers seem to be about as suited for farm life as Lisa Douglas, the overdressed socialite who was dragged from her Manhattan penthouse to a farm in the hit TV show “Green Acres.”
The staunchest opposition to a universal fiduciary standard that would put clients' interests first isn't from securities brokers. It's from insurance agents, comments to the Securities and Exchange Commission show.
New Jersey's insurance commissioner is proposing an amendment which would provide unlimited coverage in the case of certain insolvencies
Whether it's helping downsized clients, assisting retirees whose benefits are being chiseled away or advising small-business owners on health care options for their companies, a growing number of financial advisers find themselves navigating the murky waters of health care insurance.
Bailed-out banks, insurers and automakers are a sore spot for millions hurt by the financial crisis
On July 22, the Securities and Exchange Commission released a report from its Life Settlements Task Force which recommended that the SEC urge Congress to amend federal securities laws to include life settlements as securities.
The judge determined that state insurable interest laws do not apply to annuities – at least, in this case.
Meanwhile, the National Association of Insurance Commissioners has scheduled a hearing in Washington this month to discuss the transactions
You have to feel sorry about The Hartford's latest problems.
Berkshire Hathaway Inc. had sold insurance requiring the Omaha-based company to pay $30 million to a client if France won the tournament.
Broker-dealers and financial advisers are taking action against The Hartford Financial Services Group Inc. in response to a letter the firm sent to their clients that entices them to swap their variable annuities for a replacement — one that advisers say actually strips away generous guarantees.
Billionaire Warren Buffett, chairman of Berkshire Hathaway Inc., said the company's management is “well-equipped” for when he and Vice Chairman Charlie Munger step down.
In their attempts to defuse the recent controversy surrounding retained-death-benefit payouts to survivors, insurance industry executives have played up the protection that the accounts provide grieving beneficiaries.
Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
Acquisition of U.S. company — and its variable annuity business — would hike Manulife's exposure to volatile equity markets
Fidelity Investments' insurance unit has dropped the cost of its variable annuity by 10 basis points and has created a new fee level for larger accounts.
The agency says some beneficiaries may mistakenly believe the accounts are insured by the U.S. government
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., would be prohibited from retaining death benefits without specific consent of clients, under a proposal today by state legislators.
