Life Insurance And Annuities

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RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 25, 2008
Aflac shareholders get 'say on pay' vote

Aflac's directors have released a proxy statement inviting its shareholders to vote on performance-based compensation.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 24, 2008
Retirement Income: Advisers still poke holes in retirement income products

Even as the financial services industry scurries to provide advisers with better retirement income vehicles, advisers continue to criticize the new products.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 18, 2008
AIG to pay Pennsylvania $13.5 million

AIG will pay $13.5 million to settle an investigation involving its alleged sham reinsurance deal with General Re.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 17, 2008
Insurance for Fifi and Fido

Pets Best Insurance Services is bringing coverage to man's best friends through banks and employee benefit providers.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 17, 2008
Correction

Due to a technical error, an old story about Robert R. Carter stepping down from his role as president of NFP Insurance Services Inc., ran in today's INDaily.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 14, 2008
Jackson National’s earnings rise

Jackson National Life reported today a 14% earnings increase and $4.1 billion in revenue for 2007.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 14, 2008
Advisers focus more on health of insurance carriers

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 11, 2008
Fixed annuities sales down 9% in '07

Estimated sales of book value annuities totaled $6.9 billion, while sales of indexed annuities totaled $6.3 billion.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 10, 2008
Nationwide Mutual to buy back shares for $2.2B

The move is intended to simplify the mutual company's ownership structure, according to the firm.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 07, 2008
Cuomo presses insurers for payment info

The New York attorney general Andrew Cuomo is broadening his investigation into health insurers’ practices related to payments for out-of-network services.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 06, 2008
Ambac to float $1.5 billion in offerings

Ambac will seek to raise capital through a $1 billion common stock offering, plus a $500 million public offering of equity units.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 05, 2008
ABIA elects three new board members

The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 04, 2008
Ambac to stay whole as it waits for infusion

The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 04, 2008
J.G. Wentworth gets life-settlement licenses

The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 03, 2008
Insurers are touting no-load, low-cost VAs

Registered investment advisers just might be the next big ticket for the insurance industry.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 03, 2008
Insurance industry expects a tax hike but not this year

Although 2008 probably won't be a year for any significant tax changes, the insurance industry is preparing for 2009 and 2010, when tax increases appear likely.

RETIREMENT LIFE INSURANCE AND ANNUITIES MAR 03, 2008
NFP Insurance president steps down

Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.

RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 29, 2008
Markets plunge as AIG sheds derivatives head

The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.

RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 29, 2008
W. Virginia bans STOLI plan settlement

West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.

RETIREMENT LIFE INSURANCE AND ANNUITIES FEB 29, 2008
MBIA, Ambac grapple with subprime fallout

MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.