Two Houston men have been sentenced to spend more than 45 years in prison for their role in a massive life settlements fraud scheme.
NAIC's summer meeting in Philadelphia washed out by Hurricane Irene; decision on disclosure model to come later this month
The state of Iowa finally issued it's long-awaited guidance on what insurance agents and securities brokers can — and can't —do when working with clients
Fine issued by Illinois securities cops over sale of fixed annuities raises questions of jurisdiction; others say no conflict exists
In a move that could affect the sales of securities and insurance in the state, Iowa's insurance regulator this week is expected to issue guidance on how far insurance agents and brokers can go in advising clients on the suitable sources of funds for insurance products
Annuity exam overload, including extra training, could prompt some advisers to limit customer choice.
Push for larger reserves could push some insurers right out of the business; vendors fighting back
Birnbaum the sole consumer advocate on newly formed panel; 'really going to stand out'
Regulator filing details second benefits cut since May launch
Citing costs, government pulls plug on controversial long-term-care insurance plan; 'we're right where we have been operating'
Long time come, but agents finally form guild to have leverage over corporate office decisions
MetLife Inc. will take a charge of up to $135 million for unpaid death benefits based on Social Security Administration records.
Ameriprise Financial Inc. counts on controlled distribution and Lincoln National Corp. 'goes Greek' to hedge variable annuities.
Sales of indexed annuities surged to $8.4 billion, growing 18% from the first quarter. Meanwhile, income annuities climbed 30% to $2.3 billion during the same period.
Aviva Life & Annuity Co. this month amended its lawsuit against six insurance agents in an alleged charity-owned life insurance scheme, claiming that the parishioners of a Los Angeles church were coached to lie to the insurer about the source of premiums for their coverage
State regulators are intensifying a probe into unpaid benefits after Florida Insurance Commissioner Kevin McCarty said in May that insurers may be keeping at least $1 billion in unclaimed funds.
Yield-starved investors and their advisers are discovering a complex investment vehicle: annuities awarded in wrongful-death or injury lawsuits that are being sold as factored structured settlements
Investors, attracted by the allure of guarantees, gobbled up variable annuities during the second quarter, placing some insurers on pace to beat estimates and bringing broker-dealers closer to pre-crisis VA sales levels
