Union Labor Life Insurance Co. today settled with the Department of Labor, paying $20 million over alleged violations of federal employee benefits law.
Mr. DiDonna will lead about 150 people specializing in reinsurance, product development, actuarial services and underwriting.
National Financial Services has added seven insurance carriers to the company’s annuity program for B-Ds
the U.K. exchange reported operating profit up 41% to $78.6 million, and earnings per share up 48% to $0.73.
The CPI has increased 3.6% over the first 10 months of the year, compared to a 2.5% gain in all of 2006.
New York Life Insurance elected Patricia L. Barbari has to senior vice president in the Individual Policy Services department.
Retail sales increased just 0.2% in October, following an increase of 0.7% in September.
Fidelity Institutional Wealth Services' total client assets reached $325 billion, up 50% from last year.
The Chicago-based private-equity and hedge fund firm posted a net loss of $37.6 million, or 52 cents a share.
Level 3 assets, which include mortgage-backed securities, make up 6.9% of Goldman's assets under management.
Using a fixed-income annuity in a retirement income account resulted in greater long-term wealth, according to a study.
As stocks of the large financial services firms get hammered, more brokers could be tempted to leave.
Online investors who make most financial decisions without the help of an adviser are more active traders and take bigger risks than those who seek guidance, a new study found.
A new website is creating a Facebook-type social networking site to help investors check up on their financial advisers.
A number of top independent-contractor broker-dealers have recently reached a variety of records and milestones, from best-ever revenue to increasing revenue from fees rather than commissions.
The subprime-mortgage fiasco has revealed several flaws in the financial system that must be corrected if similar disasters are to be avoided in the future.
It used to be that when Bill Miller, the vaunted value manager at Legg Mason Inc. of Baltimore, gave his view of the market, it would be hard to find folks who would disagree with him.
Young companies with green technologies are cleaning up when it comes to venture capital dollars.
The subprime-mortgage meltdown, which has triggered a larger meltdown throughout the credit markets, is the latest example of grand-scale faulty logic and short-term thinking.
German insurer Allianz SE, saw third-quarter net profits soar 21%, reaching 1.92 billion euros ($2.81 billion).
