The American Bankers Insurance Association has elected three financial services industry leaders to serve as new board of directors.
The bond insurer has decided against splitting into two entities, as it prepares to receive up to $3 billion in cash.
Changes to defined benefit plans will slow considerably this year, with 72% of plans surveyed by Hewitt Associates saying they would not likely make any changes to their plans this year, compared to 41% in last year’s survey.
The firm's life settlements units have received provider licenses in 22 states and have filed applications with five others.
Registered investment advisers just might be the next big ticket for the insurance industry.
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.
Robert R. Carter is stepping down as president of NFP Insurance Services Inc., according the SEC filings.
Some clients love IRAs so much that they create problems by contributing more than they should.
The Labor Department will soon release guidelines detailing how advisers may give direct counsel to clients about IRAs.
The Dow Jones lost more than 300 points after the insurer reported dismal quarterly results.
West Virginia today passed legislation to prevent the settlement of stranger-oriented life insurance policies.
MBIA is bracing for more write-downs and Ambac has been given more time to justify its triple-A rating from Moody’s.
A record 516 new plans were funded in 2007, with total plans serviced growing to 2,825, a 15% increase from 2006.
The rule would increase protection for employee contributions to pension and welfare-benefits plans for smaller firms.
Ted Mathas has been named the firm’s chief executive officer-elect and will succeed Sy Sternberg.
Only 36% of respondents in a survey knew that Medicare eligibility begins at age 65.
They now face up to 230 years each in prison and fines of up to $46 million, according to the Department of Justice.
There is value to annuitization through a single premium immediate annuity, said insurance industry experts.
The process could come to a favorable conclusion for the bond insurer early this week.
