A total of 222,184 consumer complaints were reported to the NAIC last year, a 3.6% fall from 2006.
The Morgan Stanley Global Long/Short Fund aims to offer an institutional-quality portfolio of long/short equity hedge funds.
The number of U.S. workers filing new claims for unemployment benefits rose in late January to its highest level since October 2005.
MBIA, the troubled Armonk, N.Y.-based bond insurer, posted a $2.3 billion loss and a write-down of $3.5 billion.
The firm’s parent company, National Financial Partners, will replace Jeff Montgomery from within.
Brian Duperreault replaces Michael Cherkasky, who left the New York-based insurance broker in December.
Self-reporting in areas such as the retention of e-mails “is more of an art than a science,” said the CEO of ING.
This followed a 4.7% increase in the third quarter, bringing average growth in 2007 to 2.2%, compared with 2.9% in 2006.
A possible collapse of teetering bond insurers could cost financial firms, including Merrill Lynch and Citigroup, up to $75 billion.
Claymore Securities has unveiled the Claymore/AlphaShares China Small Cap Index exchange traded fund on Amex.
