The office of New York insurance superintendent James Wrynn has ordered embattled bond insurer Financial Guaranty Insurance Co. to halt claims payments.
The National Association of Independent Life Brokerage Agencies has announced its opposition to the SEC's regulation of fixed indexed annuities as securities.
A $241 million award given to the state regarding its takeover of the now-defunct Executive Life Insurance has been overturned.
A married couple has cut back on their charitable donations and are instead volunteering their time and services.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
The group will oppose the SEC's proposal to regulate certain indexed annuities as securities.
Sun Life Financial has introduced a 6% bonus credit for customers of its Masters Extra variable annuity.
Catherine J. Weatherford replaces Mark Mackey, who in January announced that he would step down from the post.
Aon Corp., the world’s largest insurance broker, will acquire Benfield Group for $1.75 billion.
Penn Treaty American’s reinsurer has withdrawn its agreement to back long term care policies written by two subsidiaries.
Two proposed rules are designed to enhance access to financial advisers by DC participants and IRA holders.
The New York-based firm has chosen Vanessa A. Wittman as its new finance chief and executive vice president.
Limra International Inc. today added Lawrence J. Niland to its compliance and regulatory services division.
Under IRC Section 108, certain exceptions allow a taxpayer to exclude COD income from gross income.
Products that combine equity exposure, income generation and volatility protection may grow more popular among advisers, according to a retirement product executive.
Martin Liechti has returned to Switzerland more than three months after he was detained material-witness warrant.
A GAO study found that about 66% of U.S. corporations didn't pay any federal income tax.
Conseco said that it plans to transfer Conseco Senior Health Insurance, its long-term care unit, to an independent trust.
The amount of money that employees paid in to their defined contribution plans in the first half of 2008 increased.
Walter A. Bell, Alabama’s insurance commissioner, announced that he will step down at the end of the month.
