A new software service lets employers benchmark 401(k) plan costs.
A Florida pension fund yesterday filed suit against AIG and four executives of making misleading statements about the company’s finances.
A Wells notice was sent to Maurice Greenberg, former chief executive of AIG, last Friday, The Wall Street Journal reported.
American International Group Inc.’s will raise $20 billion to guard against further write-downs, according to published reports.
Despite the economic downturn, demand for small-business 401(k) plans remains strong, according to ShareBuilder Advisors.
Taxes are going up after the expiration of the Bush tax cuts in 2010, even if John McCain, R-Ariz., is elected president in November.
The Energy and Tax Extenders Act may be taken up next week by the House of Representatives.
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The insurer settled with the Connecticut Attorney General’s Office following an investigation into its practices.
A former banker at UBS has been charged with helping clients avoid paying taxes by opening secret bank accounts.
Chet Culver, Iowa’s governor, has signed a law to discourage stranger-originated-life-insurance practices.
AIG Investments has announced an $65 million investment in Calyx Agro Ltd., making its foray into Brazilian agriculture.
"The shareholders need to absorb the significance of the company’s first-quarter losses,” said ex-chief Hank Greenberg.
Bank-owned life insurance hit $120.4 billion in assets in 2007, up 15.9% from the previous year, according to Michael White Associates LLC.
The use of alternative hedge-fund-like strategies within mutual funds was a hot topic of discussion last week at the Investment Company Institute's 50th annual general membership meeting in Washington.
As the weather heats up in May, so does the competition among insurance carriers that are releasing new features for their variable annuities.
One of American International Group Inc.’s units is considering splitting from the insurer, The Wall Street Journal reported.
Oklahoma and Connecticut have passed bills to discourage stranger-originated life insurance practices.
AIG reported a net loss of $7.81 billion, or $3.09 per diluted share, for the first quarter of the year.
The government should remove obstacles that keep employers from offering 401(k) plans, said Paul Schott Stevens.
