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Downgrade? Buffett says U.S. merits AAAA rating
Warren Buffett roundly disagrees with S&P's lowering of Uncle Sam's credit rating, stating that the United States deserves 'quadruple A' status.
Hancock to pony up $1 million to La. in death benefit flap
The state of Louisiana will collect about $1 million in a settlement with John Hancock Life Insurance Co. as part of a massive investigation into the insurer's payment of death benefits
Probe widens, as California examines how 10 life insurers handle dormant policies
The ten largest life insurers doing business in California are under the microscope over the way they handle dormant life insurance policies.
Probe of insurers widens to include financial gain
Florida's insurance cop is looking into whether insurers' alleged failure to deliver deceased clients' death benefits promptly may have boosted the companies' financials
Insurers’ financials attract scrutiny in light of death benefit row
Florida's insurance regulator is looking into whether insurers' alleged failure to deliver deceased clients' death benefits promptly may have had an impact on the companies' financial statements and reserves.
Great-West, Lincoln Trust jump on plan and participant fee disclosures
Lincoln Trust and Great-West claim the Labor Department's disclosure rules don't go far enough when it comes to fixed general account fees for insurers.
MetLife may sell bank to escape Dodd-Frank
Stricter regs could hurt carrier's core businesses; MetLife Bank accounts for mere 2% of earnings
Why is MetLife charging into business that others are exiting?
Insurer MetLife moving into the business in a big way, while banks back out. Says one industry consultant: 'They must know something I don't know.'
Insurers may be sitting on $1B in death benefits
Florida insurance commissioner worried carriers spending more energy on collecting premiums than paying out on policies
Insurance cops grill MetLife, Nationwide on death benefits
Insurance regulators questioned MetLife Inc. executives today at a hearing in Florida as they sought to understand the insurer's death benefit settlement practices.
Raymond James to launch annuity matchmaking tool
New software tool will help advisers scan for the best variable annuity option for a client.
Triple-A rated insurers can handle a mild downgrade of U.S. debt
The ratings of four major life insurers with pristine Aaa ratings are likely to hold steady, provided the U.S.'s government bond rating doesn't fall by more than one rung.
Insurers getting plenty of mileage out of long-term-care hybrids
Pearl Neier, 85, decided against long-term-care insurance after hearing about the policies from AARP, the group that lobbies for older Americans
MetLife names Goulart as new CIO
MetLife Inc., the largest U.S. life insurer, selected Steven J. Goulart as chief investment officer to oversee a portfolio valued at more than $450 billion.
Illinois securities cops revoke licenses of reps for annuity sales
The Illinois Securities Department has revoked the registration of two investment adviser representatives for inappropriately liquidating clients' annuities to fund the purchase of fixed-indexed annuities
Market lifts variable annuity assets to all-time high
Assets in variable annuities reached an all-time high in the first quarter of the year. Cash inflows helped, but the high-flying stock market was the real reason the coffers bulged.
Finra to revamp market exams for broker-dealers
Finra will take a data-centric approach to performing market exams, pulling reams of information from broker-dealers, insurance companies…
GAO’s financial advice: Hold off on Social Security, buy an annuity
A new study by the Government Accountability Office predicts that middle-class workers may well outlive retirement savings. The solution, the GAO says, is for workers to hold off on taking Social Security -- and buy annuities.
Guidance imminent on 401(k) income products
The Treasury Department will soon offer guidance on lifetime income options in 401(k) plans with the aim of curbing the number of individuals who are likely to outlive their retirement savings.
American Beacon books power trio to subadvise go-anywhere offering
Pimco, Brandywine and GAM will co-manage firm's new flexible bond fund
