Darla Mercado

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RETIREMENT RETIREMENT PLANNING SEP 10, 2009
Hartford consolidates distribution units for retirement plans, individuals

The Hartford Financial Services Group Inc. yesterday formed Hartford Life Distributors, an entity that consolidates its distribution forces for 401(k) plans and individual products.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 09, 2009
NY Life agent denies bilking $2M from seniors

A former New York Life Insurance Co. agent pleaded not guilty in a federal court in South Carolina yesterday following charges that he had swindled 35 investors out of more than $2 million over 13 years.

RETIREMENT TAX SEP 06, 2009
Foreign-account holders may face double trouble

After the headlines about the IRS' going after secret Swiss bank accounts, investors are learning to their dismay that they could face fines and prosecution for failing to report other foreign assets, such life insurance, to both the IRS and the Treasury Department.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 04, 2009
Central United Life Insurance fights back against accusations it shortchanged cancer clients

Central United Life Insurance Co. has come out swinging against a lawsuit filed by the Missouri Department of Insurance, which accused the carrier of improperly paying claims to cancer patients.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 04, 2009
Insurance agent gets up to five years for running a Ponzi scheme

A South Shore, Ky.-based insurance agent this week was sentenced to five years in prison and ordered to pay almost $400,000 in fines for swindling clients in a Ponzi scheme that involved annuities.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 02, 2009
Insurers Argus and Tremont settle Madoff suit

Insurers Argus Group Holdings Ltd. and Tremont International Insurance Ltd. have reached a partial settlement in a lawsuit filed by variable-annuity and variable-universal-life customers who lost money in Bernard Madoff's $65 billion Ponzi scheme, according to court documents.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 01, 2009
John Hancock Life Insurance, John Hancock Variable Life Insurance receive approval to merge with John Hancock Life Insurance (USA)

Two John Hancock Life Insurance affiliates have received regulatory approval in Massachusetts to merge into another company entity.

RETIREMENT LIFE INSURANCE AND ANNUITIES SEP 01, 2009
Life insurance sales tumbled 20% in the second quarter, LIMRA International says

Total sales of life insurance plummeted during the second quarter, falling 20% from a year earlier, according to a report from LIMRA International.

RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 31, 2009
Second-quarter fixed-annuity sales rose 10% to $27.8 billion, Beacon Research reports

Overall sales of fixed annuities hit $27.8 billion during the second quarter, up 10% from a year earlier but down 20% from the first quarter this year, according to data from Beacon Research Publications Inc.

RETIREMENT LIFE INSURANCE AND ANNUITIES AUG 31, 2009
Arkansas carrier charged with shortchanging cancer clients

The Missouri insurance department has sued Central United Life Insurance Co. for allegedly dodging claims from clients with cancer.