Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last year’s survey.
January was the second month in a row in which spending on non-residential structures decreased.
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
"I would say, by any common-sense definition, we are in a recession," said Warren Buffett, CEO of Berkshire Hathaway.
Using life insurance to fund college costs has become less popular since the introduction of Section 529 plans, but some financial advisers and carriers insist the strategy still works for some middle-income clients.
Registered investment advisers just might be the next big ticket for the insurance industry.
One of the keys to success in any endeavor is learning from experience.
Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.
Despite the historical success of using a combination of stocks and bonds to provide downside and upside protection, investors continue to search for new investment vehicles that purport to offer improved methods of limiting investment losses.
HSBC Group Holdings reported a 13%% rise in earnings for 2007 aided by an increase in client assets and the launch of new private-equity investment platforms.
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
Recent scandals have taught financial services firms to scrutinize the people they hire more closely.
Several wirehouse firms have begun pushing their financial advisers to talk to clients in more depth about health care issues in retirement, but at least one firm, UBS Financial Services Inc., is avoiding the topic because of liability concerns.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
A slight January increase in personal income was overshadowed by rising inflation, according to the Commerce Department.
FMR, the parent company of Fidelity, reported a 15% increase in assets under management for 2007.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
