Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
Leading bond insurer MBIA Inc. lost $2.4 billion, or $13.03 per share, in the first quarter.
Jeff Auld, the president of Berthel Fisher and Company Financial Services Inc., has left the company for personal reasons.
As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.
One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
In the midst of a pause in a decade-long growth spurt, the separately managed accounts industry continues to win over independent financial advisers, many of whom are generally wary of the products' complexity.
More consumers had a positive outlook about the economy, even as concerns about job security grew.
Larry Herring, Joe Hagen and Kenn Hugos were all legacy A.G. Edwards & Sons representatives in Phoenix.
The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.
The U.S. trade deficit shrunk to $58.2 billion in March, down from $61.7 billion in February.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
Gamco Investors reported a 45% drop in first-quarter net income to $10.5 million, compared $19.2 million a year ago.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
Fortress Investment Group reported a first-quarter loss of $68.9 million compared to a gain of $62.1 million a year ago.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Regulators discovered lapses in the company’s long-term-care insurance claims and complaints processing.
Banks that sold insurance were more profitable than those that didn’t in 2007, according to Bank Insurance Market Research.
Marsh & McLennan Cos. posted a loss of $210 million in thefirst quarter of 2008, $268 million a year ago.
This is the second time Jeff Auld has left as the head of an independent-contractor B-D in less than two years.
A whopping 79% of Americans believe that the United States is in a recession, a poll released today suggests.
