Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.
Illinois lawsuit alleges MetLife and Prudential owe some $524M in unclaimed death benefits
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
Life insurers have paid $52.6 million in death benefits since New York's banking and insurance regulator forced the companies to use government data to identify cases where they didn't pay claims.
New York state orders insurers to track down unpaid claims; $52M forked over in total
Expected soft landing has fund giant buying undervalued stocks in the PRC and other BRICs; policy shift seen
Lincoln National Corp. may raise fees and change its benefits on its popular MoneyGuard Reserve product, a combination of universal life insurance and long-term-care benefits.
Executives at life insurance companies can breathe a sigh of relief now that the proposed federal long-term-care insurance program — the CLASS Act — has been killed
Raw materials also offer inflation protection and exposure to emerging economies, says Nodelman
Failure to reform money-market funds would be a mistake: Economist panel
GOP relying more on financial analysis than legislation to slow industry reform
Company sold $900 million of stock and its Morgan Keegan brokerage for about $1.2 billion to help repay the bailout
Independent Financial Partners aims to push recruitment this year — and add $30 million in GDC
On the back of a strong recruiting year, B-D aims to recruit star brokers; payout per rep still trails rivals
