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Analysts cool to a Manulife bid for Lincoln
Reports began circulating on Aug. 27 that Manulife — John Hancock Financial Services Inc.'s parent company — was gearing up to buy Lincoln National Corp.
Analysts shoot holes in rumored Lincoln-Manulife deal
Acquisition of U.S. company — and its variable annuity business — would hike Manulife's exposure to volatile equity markets
Fidelity cuts VA fee by 10 basis points
Fidelity Investments' insurance unit has dropped the cost of its variable annuity by 10 basis points and has created a new fee level for larger accounts.
FDIC has ‘serious concerns’ about death-benefit accounts
The agency says some beneficiaries may mistakenly believe the accounts are insured by the U.S. government
MetLife, Prudential now facing limits on retaining death benefits
U.S. life insurers, a group led by MetLife Inc. and Prudential Financial Inc., would be prohibited from retaining death benefits without specific consent of clients, under a proposal today by state legislators.
Insurers in hot seat, as Cuomo said to issue more subpoenas
The furor over retained-asset accounts doesn't appear to be letting up. The VA is investigating. The Secretary of Defense wants money returned to beneficiaries. And now, a source says NY AG Andrew Cuomo is widening his probe of the industry practice.
The Hartford lands on regulators’ radar
Insurance regulators in New York are joining Connecticut's insurance commissioner in examining whether The Hartford made improper disclosures or engaged in misleading practices in its marketing of a new variable annuity.
Employers strive to minimize 2011 increases
Employers expect compliance with the health care reform law to account for nearly one-third of the projected 10% average increase next year in health benefit costs, but most are taking steps to keep that increase at or below 6% — a move that will cause many to lose grandfathered status, according to a survey by Mercer LLC.
Insurers’ closing of VA funds rubs advisers the wrong way
Although it is common, and perfectly legal, for insurers to prune funds from their VA menus periodically, financial advisers say the practice is increasingly thwarting their ability to put clients in the best possible funds.
Mike Wells named CEO of Jackson National Life Insurance Co.
Prudential Plc, the U.K.'s biggest insurer, promoted Mike Wells to chief executive officer of its U.S. division and appointed two new non-executive directors as it reorganizes the board after a failed takeover bid in Asia.
‘Exchange’ letter lands The Hartford on regulators’ radar
Attorneys also predict insurer's marketing of new VA will trigger lawsuits; 'half-baked solicitation'
Cash hoards could spur life insurance M&A, analyst says
While life insurers continue to cling to their cash, a boom in mergers and acquisitions may be just around the corner, according to an analyst with Moody's Investors Service Inc.
Principal Financial to check out of health insurance biz
Move frees company to focus on asset management; insurance less profitable
The Hartford embarks on restructuring
The Hartford Financial Services Group Inc. is disbanding its distribution arm, Hartford Life Distributors, and decentralizing its wholesalers among four recently established business units.
The knock on group LTC plans
Long-term care insurance is considered a valuable benefit by employees, but advisers seldom share their enthusiasm.
LTC insurance a hard sell to boomers
For Tori Fontenot, the clarion call to consider long-term-care insurance for herself and her husband came as she tried to coordinate care for her elderly mother.
Law targets insurance agents barred by other regulators
Florida measure empowers state to revoke licenses of brokers who have run afoul of various agencies
A renewed confidence
Investment advisers' confidence in the financial health of the insurance industry — though still underwhelming — is on the rebound, according to the InvestmentNews 2010 Insurance Product Survey.
New York Insurance Exchange revival plans move ahead
Officials who are seeking to revive the New York Insurance Exchange may be moving away from earlier discussions of favorable tax treatment for participants, according to preliminary recommendations that indicate what shape the facility may take.
Advisers bullish on auto-IRA measure
Insurers, fund companies and advisers who serve small investors are likely to be big winners if the Automatic IRA Act of 2010 becomes law.
