Prudential Financial Inc. of Newark, N.J., is back in talks with American International Group Inc. to purchase a pair of the beleaguered carrier's Japanese units, according to published reports.
Grandparents have been shelling out cash to help their grandchildren, but not advice to accompany the assistance, according to data from MetLife Mature Market Institute.
Kids are learning that when the economy gets tough, the tough will cut back on their spending, according to a recent poll from the Northwestern Mutual Life Insurance Co.
American International Group Inc. today sold most of its ownership in its Russian consumer bank subsidiary.
Although financial advisers have been leery of life insurance with long term care benefits, the products appear to be generating interest among consumers trying to insure against multiple risks and search for a place to store assets, according to a new study.
Broker defections, a loss of market share and spinoffs could be on the horizon for insurance-affiliated broker-dealers if the Obama administration's proposed regulatory reforms force them to act as fiduciaries.
As life and annuity insurers emerge battered from 2008 and the first quarter this year, there appear to be some hints of recovery amid the wreckage, according to a report from A.M. Best Co.
The Texas Department of Insurance yesterday said that it will try to implement provisions of legislation vetoed last week by Gov. Rick Perry that was designed to protect annuity customers.
Some financial advisers are rethinking the idea of: Buy term insurance and invest the difference.
