The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
Broker-dealer executives whose firms clear trades through and use the custody services of Bear Stearns Securities Corp. say that their fears have been calmed for the moment by the deal under which JPMorgan Chase & Co. will acquire parent company The Bear Stearns Cos. Inc.
Four in 10 American adults are holding off on major life decisions because they are worried about the economy.
CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
The U.S. economy shed 80,000 jobs for the month, part of the longest period of decline since early 2003.
The U.S. economy has “all but stalled and could contract,” said Janet L. Yellen, San Francisco Fed president.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
The number of U.S. workers applying for unemployment benefits grew by 38,000 last week.
The economy could contract in the first half of this year, Ben Bernanke said in testimony today.
Wealthy donors may be more open to online relationships than charities may realize.
Insurance company Conseco announced a fourth-quarter earnings loss yesterday attributed to exposure to subprime loans.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Where some see devastation and loss, others see opportunity.
However, the Portland-based investment brokerage boasted a gain of 123% in total revenue.
Dow Jones Indexes of New York continues to add components to its 2008 Summer Games Index, which measures the performance of the official partners, sponsors and suppliers of the 29th Olympic Summer Games in Beijing.
NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.
Last year, National Planning Corp. and its sister broker-dealers shocked the independent-contractor broker-dealer industry with its lucrative recruiting packages to independent representatives.
In a move that has stunned the Section 529 college savings plan business, James Fadule has left his position as president of industry powerhouse Upromise Investments Inc.
Advanced Equities Financial Corp., a Chicago-based securities firm that has carved a niche of financing companies backed by venture capital firms, is preparing for an initial public offering.
