After a series of ratings downgrades this year halted sales of its life insurance and annuity products by major outside distributors, The Phoenix Cos. Inc. has created a distribution company of its own, Saybrus Partners Inc., and has struck a consulting agreement with Edward D. Jones & Co. LP.
Although CIT Group Inc.'s impending Chapter 11 bankruptcy is unlikely to halt the renewed popularity of financial sector stocks, advisers remain leery of investing in banks and other lenders.
Allianz Life Insurance Company of North America is pulling its stand-alone long-term-care insurance product off the shelves, effective Nov. 13.
The Phoenix Cos. Inc., following a series of ratings downgrades earlier this year that halted sales of its life insurance and annuity products by major outside distributors, today announced the creation of a distribution company, Saybrus Partners Inc., and a consulting agreement with Edward Jones & Co. LP.
A panel of life insurance company chief executives last week assessed how the industry has dealt with the financial crisis, debating the merits of mutual companies versus stock companies.
Economist, lawyer and deadpan comedian Ben Stein doesn't find much humor in the way the federal government is handling the economic crisis.
A California life insurance agent will face a preliminary hearing Friday as he contends with grand-theft and identity theft charges.
New opportunities for insurers and asset managers are on the horizon as they seek a way to put a guaranteed wrapper around target date funds, according to an insurance company executive.
Financial adviser Irene Berner is lacing up and hitting the pavement against leukemia and lymphoma, as she trains for the P.F. Chang's Rock "n' Roll Half Marathon in Phoenix.
A federal jury in Minnesota ruled last week that Allianz Life Insurance Company of North America used deceptive materials to market its two-tiered equity-indexed annuities, but declined to assess damages against the company, saying that the plaintiffs suffered no harm.
