The Department of the Treasury and the Internal Revenue Service released new guidance that is “designed to expand the use of income annuities in 401(k) plans.”
Of the 15 A.M. Best stock indexes, two rose and 13 declined. Leading A.M. Best's Global Insurance Composite Index were LIG Insurance Co. and Westaim Corp.. Trailing the list of global insurance stocks were Qatar General Ins& Re Co. and Atlantic American Corp..
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