Joseph P. Brandon, chairman and chief executive of General Re Corp., left his post following a rocky court case.
With the economy deteriorating and prices for gas and heating fuel skyrocketing, consumers who are seeking new sources of cash are increasingly jeopardizing their retirement income by taking out loans from their retirement plans.
The Iowa Legislature has approved a bill to ban stranger-originated life insurance practices.
Service providers to 401(k) plans should not be required to be fiduciaries of the plans, the Department of Labor is being told.
Zurich Financial Services announced that it is cutting 400 jobs at its North American business insurance unit.
Guaranteed Income for Life lets clients to put some of their 401(k) assets into at least one of the firm's lifestyle funds.
Less than 20% of American workers feel confident that they will be able to afford a comfortable retirement .
The Association for Advanced Life Underwriting has created a political action committee, the organization announced.
CEO Martin Sullivan's pay package was sliced by one-third after AIG reported a 56% drop in annual profit in its 2007 net.
Life Insurance Strategies arranges premium financing of large policies for high-net-worth clients.
A 25-year veteran of the retirement and investment management industry, John Y. Kim comes to NYLIM from Prudential Retirement.
The firm announced its foray into the life settlements industry as the first insurance carrier to buy unwanted policies.
Providing guidance on the provision of the Pension Protection Act of 2006 that now allows a plan participant to convert a plan balance directly to a Roth IRA, the Internal Revenue Service has issued a set of new rules (Notice 2008-30).
NAIC has revised its rules to keep life insurers from refusing coverage based on customers’ future travel.
Financial advisers and clients can be their own worst enemies when drafting plans for retirement income, making common — but crucial — errors that can ruin distribution plans, according to an influential academic.
The Dept. of Labor is backing 401(k) participants in an appeal of the dismissal of a class action filed against Deere & Co. and Fidelity Investments.
MetLife is bringing in its deferred income annuity as an asset allocation option in a defined contribution plan.
AIG has filed suit against ex-chief executive Maurice Greenberg and six other former directors and executives, accusing them of breaching fiduciary duty,
The firm reported that its operating earnings jumped 17% to a record level of $1.28 billion for 2007.
