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INDUSTRY NEWS MAY 09, 2008
Americans warily optimistic about economy

More consumers had a positive outlook about the economy, even as concerns about job security grew.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 09, 2008
States take shots at STOLI

Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.

By Bloomberg
INDUSTRY NEWS MAY 09, 2008
Happy days are near again, says Dimon

The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 09, 2008
American International Group, Allianz

AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.

By Bloomberg
INDUSTRY NEWS MAY 09, 2008
Stifel nabs three reps from Wachovia

Larry Herring, Joe Hagen and Kenn Hugos were all legacy A.G. Edwards & Sons representatives in Phoenix.

By Bloomberg
INDUSTRY NEWS MAY 09, 2008
Lower net at Gamco, loss at SMH

Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.

By Bloomberg
INDUSTRY NEWS MAY 09, 2008
Trade gap narrows in March

The U.S. trade deficit shrunk to $58.2 billion in March, down from $61.7 billion in February.

By Bloomberg
INDUSTRY NEWS MAY 08, 2008
Fortress, Conseco, Nationwide and more

Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 08, 2008
Conseco to pay $2.3M for bad practices

Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 08, 2008
Conseco to pay $2.3M for bad practices

Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 08, 2008
Study: Banks boom when they sell insurance

Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.

By Bloomberg
INDUSTRY NEWS MAY 07, 2008
Auld out at Berthel Fisher

This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.

By Bloomberg
INDUSTRY NEWS MAY 07, 2008
Losses for Marsh & McLennan and GLG

Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.

By Bloomberg
INDUSTRY NEWS MAY 06, 2008
UBS, Legg Mason, Lazard and more

Reeling from its mortgage-related problems, UBS AG posted a net loss of $10.97 billion for the first quarter.

By Bloomberg
INDUSTRY NEWS MAY 06, 2008
Recession is upon us, Americans say

A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.

By Bloomberg
OPINION MAY 05, 2008
Let the HSA experiment run its course

The House of Representatives is trying to cripple the experiment with health savings accounts by burdening it with extra layers of bureaucracy.

By MFXFeeder
ALTERNATIVES MAY 05, 2008
Advisers remain guarded on catastrophe bonds

As hurricane season approaches, financial advisers continue to look warily upon catastrophe bonds

By Darla Mercado
LIFE INSURANCE AND ANNUITIES MAY 05, 2008
Sun Life unveils retirement offering

Sun Life Financial Inc. of Toronto today released a new rider, the Retirement Income Escalator.

By Bloomberg
LIFE INSURANCE AND ANNUITIES MAY 05, 2008
$800M fund established for AIG victims

The Fair Fund distribution concludes the saga that began when the insurer was accused of falsifying financial statements.

By Bloomberg
WIREHOUSES MAY 05, 2008
Citi and UBS wealth units tough it out

Wealth management executives at Citigroup and UBS, two of the financial institutions hardest hit by the subprime loan crisis, are working overtime on damage control to protect their lucrative franchises.

By Bloomberg