Life insurers are still strong in the wake of the financial crisis, insurance experts said yesterday at a life settlement industry conference.
Measures that would significantly boost funding for the Securities and Exchange Commission as well as give shareholders a say on executive pay are included in draft financial overhaul legislation in the Senate, a person familiar with the matter said Monday.
New York Life Insurance Co. has revamped its sales team to make it easier for its wholesalers to sell an array of products to advisers — including annuities, mutual funds and guaranteed income products.
A key state insurance figure has called upon the life settlements industry to keep Main Street policyholders in mind — or else.
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.
CashEdge Inc. is now making its AllData Advisor account aggregation service available to financial advisers via a self-service online subscription.
AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.
Life insurance producer advocacy groups celebrated the House Financial Services Committee's approval yesterday of the proposed Investor Protection Act, but stressed the bill still doesn't go far enough in protecting commissioned-based insurance sales agents.
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.
Life insurer Hartford Financial Services Group Inc. said Monday that its chief financial officer, Lizabeth Zlatkus, will be named its chief risk officer and the company will begin looking externally for a new CFO.
New York Life Insurance Co. is preparing to launch a no-load version of its immediate annuity to target the fee-based-adviser market, according to Matthew Grove, its vice president.
After leading Chicago's unsuccessful effort to land the Olympics, Patrick Ryan is jumping into something he knows a lot better than the Byzantine politics of the International Olympics Committee — the insurance business.
The Hartford Financial Services Group Inc. has introduced a variable annuity that allows clients to allocate dollars into a built-in income component.
Members of the insurance industry are applauding an amendment to the Consumer Financial Protection Agency Act of 2009 that eliminates a section that would have given the agency oversight of some insurance products.
