Sen. Hillary Clinton's bid for the White House may rekindle momentum behind a bill she co-sponsored last year that would offer a tax break on some annuities, according to a retirement trade group.
The value of its super-senior-credit-default swap portfolio declined $5.9 billion and not $1.6 billion, AIG reported to the SEC.
Company wants to be a high-net-worth 'pure-play', reports a 90% drop in fourth-quarter income.
Fourth quarter profits down 50% at Nationwide, off 29% at Protective Life.
John Hancock Financial's team will act as a resource for financial planners and advisers on tax and estate planning issues.
Prudential's fourth-quarter net income fell to $792 million, or $1.75 per share, from $893 million.
Iowa will be the first state to join an initiative to provide customers with plain-English disclosures on fixed and indexed annuities.
Sun Life Financial's U.S. division announced the creation of a new group and a change in leadership.
Variable annuities with guaranteed-minimum-withdrawal benefits allow investors to reduce risk and increase retirement income, according to a recent study.
The forces that drove the retirement marketplace in 2007 — the automatic enrollment and default option provisions of the Pension Protection Act of 2006, the aging baby boomers and a focus on the rollover market — will continue to shape product launches this year.
Strong earnings and sound investment portfolios will keep the life insurance industry stable this year, according to Moody’s Investors Service.
The American Council of Life Insurers has added James Szostek as the director of pensions in the taxes and retirement security department.
A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Efforts to bail out bond insurers may be too late to prevent a ratings downgrade, a research firm says.
Banc One Securities Corporation of Chicago was fined $225,000 by FINRA for making the unsuitable sales.
By recruiting Perella Weinberg, the state regulator would focus on protecting the policyholders of “monoline” insurers.
Inspired by market volatility, insurance carriers are making over their equity-index annuities in an attempt to beat a bad reputation and target baby boomer investors.
Gender is a strong factor in determining the likelihood of whether a worker 50 or older receives an annuity or a company-sponsored pension payment, according to a recently released study.
