The Hartford Financial Services Group's second-quarter profits fell to $543 million or $1.73 per diluted share.
Insurance industry representatives and regulators could not agree on moving ahead with comprehensive reform legislation.
Second-quarter net income for asset manager rose 18.5% to $35.2 million from $29.7 million in the year-ago period.
Focus Financial has acquired Wespac, an Oakland, Calif.-based RIA and benefits administrator.
As if dealing with clients stuck with auction rate securities isn't challenging enough, brokers are dismayed that firms are reporting some ARS-related customer complaints on the brokers' public disciplinary records.
A wealthy prospect wanted investment-grade bonds, and only investment-grade bonds, in his portfolio.
The amount of time workers take when considering retiring and executing the decision to leave a company is typically quite short, according to the results of a new survey released by the Employee Benefit Research Institute.
Allianz Life Insurance Company of North America of Minneapolis today named Giulio Terzariol chief financial officer.
Legg Mason today reported a loss of $31.3 million, or 22 cents a share, for the second quarter.
The insurance company will pay $786,655.87 as part of a settlement with the North Carolina insurance department.
Consumer protections and state partnership arrangements with insurance companies were among the topics.
New orders for manufactured durable goods were up 0.8% in June for a total of $215.4 billion.
UBS could be parially suspended from operating until those who purchased ARS from the firm are reimbursed.
Economic activity has slowed in the past month, with Americans buying fewer goods in all categories.
HealthMarkets Inc. faces up to $10 million in additional penalties if it doesn’t meet disclosure and oversight standards.
The Select 5 fixed-interest annuity is a single-premium product that is guaranteed for five years.
This could be the first of several cases arising from an investigation into the auction rate securities market.
E*Trade Financial reported a second-quarter earnings loss of $94.6 million compared to a net income gain of $159.1 million a year ago.
Wachovia reported a second-quarter loss of $8.9 billion, or $4.20 per share, while slashing its dividend by 87%.
There will be conintued stresses "until the housing market stabilizes further," said Treasury secretary Henry Paulson.
