Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
AIG Investments has announced an $65 million investment in Calyx Agro Ltd., making its foray into Brazilian agriculture.
"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.
One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds
Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.
The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.
The Hartford Financial Services Group announced changes to its flagship variable annuity and its sales force.
“We’re going to see new products for [income] guarantees that aren’t insurance,” said Laura Varas of FRC.
Allianz's first-quarter net income slid to $1.7 billion, down 66%, from $4.9 billion in the same period last year.
Retirees are increasingly worried that they will live too long and their savings will run out, and financial services companies are noticing.
One Goldman analyst says the bond insurers will need $3.4 billion each in added capital thanks to more quarterly losses.
“We are certainly ... disappointed that NAIFA’s board would suddenly change course on this important consumer protection issue"
