Displaying 68 results
GM follows in Ford’s tracks, offers lump sum to retirees
Automaker also shifting balance of pension plan to Prudential
A shift to retirement readiness occurring in 401(k) plans
So your clients think they are going to work longer and retire later? Maybe not. With America’s…
Pru will pay $17M to settle with seven states over death benefits
Prudential Financial Will pay $17 million to settle with seven states; regulators claim insurer used more comprehensive database for cutting off annuity payments than one used to locate those owed money.
Analysts wave off $1.57B death benefit suit against Met, Pru
Illinois lawsuit alleges MetLife and Prudential owe some $524M in unclaimed death benefits
Prudential settles with 20 states over unclaimed death benefits
Agreement requires insurer to step up cross referencing to locate unpaid beneficiaries
Judge kills Pru motion to toss death benefit suits
Carrier being sued for allegedly retaining life insurance payouts, pocketing the float
Insurers using nimble approach to shield VA holders’ assets
The recent bout of stock market volatility is putting a new variable annuity investment strategy to the test.
MetLife says 30 jurisdictions are auditing unpaid benefits
State regulators are intensifying a probe into unpaid benefits after Florida Insurance Commissioner Kevin McCarty said in May that insurers may be keeping at least $1 billion in unclaimed funds.
Analysts reduce earnings outlook for life insurers
Although analysts are trimming third-quarter-earnings estimates for many life insurers, most remain upbeat about the long-term prospects for the sector
Variable annuity market preps for features arms race
Smaller variable annuity writers are expected to give the big boys a run for their money in the battle for market share
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.
Workers more likely to retire after strong market performance
Workers are more likely to retire after a period of strong equity returns, but they may be leaving the workplace at a time when their nest eggs are at the most risk.
VA-voom! U.S. variable annuity sales up 24%
Variable-annuity sales in the U.S. increased for the fifth straight quarter, led by gains at Prudential Financial Inc.
Nuveen, Prudential prep for new fund launches
Nuveen Investments Inc., the asset manager owned by Madison Dearborn Partners LLC, plans to start a fund to buy corporate debt, the firm said in a prospectus filed today with the U.S. Securities and Exchange Commission.
Suit: Prudential made $500M off vets’ death-benefit money
Lawsuit claims insurer profited mightily off retained-asset accounts; lump-sum payment or not?
Pru’s pared-down VA has some advisers grumbling
Growth on protected value cut back; company cites low interest rates
Prudential latest to rev up hybrid LTC product
Like automobiles, the future of long-term-care insurance may lie in hybrids.
Prudential hooks up with Edward Jones to launch A-share VA
Prudential Financial Inc. is teaming up with Edward D. Jones & Co. LP to create a new A-share variable annuity. The insurer expects to submit a filing for the product in the next 30 to 60 days.
Fitch hikes outlook on Prudential after Wachovia Securities sale
Fitch Ratings on Monday raised its outlook on Prudential Financial Inc., citing improvements to the insurance and investment company's capital position.
Wells Fargo pays $4.5B in cash for Prudential’s stake in brokerage
Wells Fargo & Co. is shelling out $4.5 billion in cash for Prudential Financial Inc.'s slice of a brokerage joint venture it shared with Wachovia Corp.
