Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
More consumers had a positive outlook about the economy, even as concerns about job security grew.
The financial crisis is "75% to 85% done,” according to Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co.
Hedge funds gained ground in April, rebounding from a rough March, according to industry indicators.
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.
The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.
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.
