To survive the credit crunch and regain consumer confidence, insurers must strip away the fancy features from their products, said Quincy Krosby, chief investment strategist at The Hartford (Conn.) Financial Services Group Inc.
Insurance executives highlighted the income benefits behind some new annuity solutions and guarantee wrappers, but the costs behind these products may rise in light of a careening market.
Amid bad news in the financial sector, life insurance executives were urged to fight for clients’ trust in their industry and products at the research organization’s annual meeting in Hollywood, Fla.
Great Britain’s second largest life insurer, Prudential PLC, is considering buying some of American International Group Inc.’s business units.
The Treasury Department wants insurance companies to participate in its $700 billion bailout program —and it may take equity stakes in return.
AIG has borrowed $90.3 billion from the federal government, surpassing its original $85 billion rescue loan.
A Boston federal jury found that disability insurer Unum Group committed fraud against the United States in some of its disability cases.
Ambac Financial Group Inc. of New York has selected David W. Wallis as its new president and chief executive.
Jackson National Life Insurance Co. of Lansing, Mich., today announced that it generated $11.2 billion in total sales and deposits during the first nine months of the year.
Barclays Capital is combining its family of indexes with those of Lehman Brothers under the Barclays Capital Indexes name, said Waqas Samad, head of Barclays Capital’s index products group.
ING Groep N.V. said today that it would sell its Taiwanese life insurance business to Fubon Financial Holding Co., a Taipei-based financial services firm.
More than half of large companies are using automatic enrollment in their retirement plans, and overall, more employers have begun pulling the trigger on automatic enrollment, a new study shows.
The dramatic drop in stock holdings has advisers working closely to help investors determine whether to claim tax losses.
The Securities and Exchange Commission has chosen Nov. 17 as the new deadline for comments on its proposal to register indexed annuities.
New York Attorney General Andrew M. Cuomo has demanded that AIG recover the money it spent on lavish outings, bonuses and golden parachutes — and threatened sanctions if the insurer didn’t heed the order.
Major life insurance companies’ investments in non-prime mortgages are going to continue hurting their capital positions as the year rolls on, according to a study from Fitch Ratings Ltd.
Let’s say you were a financial planner in 1926. Of course, there was no such discipline as financial planning in the Roaring ’20s.
Investors are more likely to change their investments strategies if government raises the capital gains tax, according to a survey released today by Eaton Vance Corp. of Boston.
Advisers have a huge opportunity to win business in the 403(b) arena, but they must act quickly, a retirement expert said at a panel on the subject at the Center for Due Diligence’sconference in Scottsdale, Ariz.
Advisers need to keep an eye on a particular court case regarding 401(k) fees, because if the U.S. Court of Appeals rules in favor of participants, an outpouring of additional lawsuits could occur in short order, according to a lawyer who specializes in retirement issues.
