The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
U.S. industrial production fell 0.7% in April as the manufacturing sector recorded its worst drop in nearly three years.
Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
The firm posted a 19% drop year over year in first-quarter profit due to weaker returns in its real estate and private-equity businesses
The U.S. consumer price index inched up 0.2% last month, due largely to rising gasoline costs.
"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
AIG Investments has announced an $65 million investment in Calyx Agro Ltd., making its foray into Brazilian agriculture.
French banking giant Société Générale earned $1.69 billion, down from $2.2 billion a year ago, but beating analyst estimates.
Despite sky-high gas prices and a weakening job market, some retail spending rose last month.
The College Savings Foundation's summit meeting of experts on college savings, loans and financial aid in Washington next week could not have been better-timed.
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.
Leading bond insurer MBIA Inc. lost $2.4 billion, or $13.03 per share, in the first quarter.
Jeff Auld, the president of Berthel Fisher and Company Financial Services Inc., has left the company for personal reasons.
As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.
What this country needs is a presidential candidate who understands and cares about economics.
One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
In the midst of a pause in a decade-long growth spurt, the separately managed accounts industry continues to win over independent financial advisers, many of whom are generally wary of the products' complexity.
Larry Herring, Joe Hagen and Kenn Hugos were all legacy A.G. Edwards & Sons representatives in Phoenix.
More consumers had a positive outlook about the economy, even as concerns about job security grew.
The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.
