Life Insurance And Annuities

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RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 25, 2007
National Insurance Act repitched

The first bipartisan House version of the National Insurance Act of 2007 was reintroduced today.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 24, 2007
NAIFA names new chief executive

The National Association of Insurance and Financial Advisors has named John J. Healy as its new chief executive.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 24, 2007
Insurer settles bid-rigging case for $115M

The Hartford said it has reached a $115 million settlement with three states to resolve a bid rigging and market timing case.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 23, 2007
Suitability czar plan raises questions

Is the creation of a top-level suitability monitoring job by Allianz Life Insurance Company of North America a step forward in annuity marketing or a defensive position in response to a battery of lawsuits?

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 20, 2007
Senate eyes insurer sales to seniors

The Senate opened an investigation into insurers that use suspect tactics when dealing with seniors.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 17, 2007
Assurant execs on leave after SEC notice

Insurance provider Assurant put its CEO and CFO on administrative leave after regulators notified the two executives that they may face civil charges.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 17, 2007
Willis settles Florida fee cases

Willis Group Holdings. today agreed to reimburse about $2.6 million to cities and counties throughout Florida.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 16, 2007
Ex-exec sues Marsh & McLennan

An ex-COO is suing the company, saying he was unfairly compensated in the wake of a bid-rigging scandal.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 16, 2007
Lincoln’s departing CEO nixes analyst speculation

Jon A. Boscia’s retirement announcement this month has nothing to do with the company’s merger prospects or its financial performance, according to the chief executive and chairman of Lincoln Financial Group.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 16, 2007
EIA suits’ separate fates show specificity is key

Two legal decisions this month related to equity index annuities make clear that plaintiffs must attack specific annuity provisions or standardized marketing materials in order to show the “commonality” needed for class action certification.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 16, 2007
Rich often neglect personal-lines insurance, experts say

NEW YORK — The rich are different, and so are their insurance needs, but many wealthy people may be leaving themselves unprotected, according to personal-lines-property-casualty-insurance specialists.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 10, 2007
Conseco slims down operations

Conseco Inc. will consolidate operations and sell properties as part of a plan to pare down expenses.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 10, 2007
NYLI names SVP and head actuary

New York Life Insurance Co. has promoted Gary Scofield to senior vice president and chief actuary.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 09, 2007
Boscia to retire from Lincoln

In an unexpected move, Lincoln Financial Group announced that its chairman and CEO will retire on Sept. 1.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 09, 2007
Money laundering pricier for banks

The cost of fighting money laundering has risen 58% since 2004, according to a survey by KPMG.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 09, 2007
Mother-daughter firm finds its sweet spot

Cynthia Keithley, principal of Keithley Investment Group LLC, goes to almost any length to serve her small-fry clients.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 09, 2007
Mergers of advisers and benefit firms seen as a natural fit

Mergers between employee benefit and financial advisory firms may become common as they set their combined sights on baby boomers’ retirement assets, according to industry observers.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 06, 2007
BofA to stand trial in Parmalat case

An Italian judge has ordered Bank of America to stand trial in connection with the 2003 collapse of Italian dairy company Parmalat SpA.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 06, 2007
Wuffli out, Rohner in at UBS

UBS picked deputy group CEO Marcel Rohner to helm the company, replacing Peter A. Wuffli.

RETIREMENT LIFE INSURANCE AND ANNUITIES JUL 05, 2007
Assurant execs put on notice

A specialty insurer said that two of its employees received Wells notices from the SEC's division of enforcement.