InsuranceNewsNet Washington Bureau Chief Arthur D. Postal has covered regulatory and legislative issues for more than 30 years. He can be reached at [email protected].
Judge says AIG has a basis for its claim that Coventry orchestrated a scheme in a life settlement deal.
Bipartisan legislation aimed at prodding the Securities and Exchange Commission into coming down harder on companies and individuals who violate…
The state securities chief says broker Barry Armstrong used a radio show to dupe seniors. Armstrong says he is authentically concerned about Alzheimer’s awareness.
U.S. insurance companies, hurt by the prolonged period of low interest rates, are taking on greater risks, the International Monetary…
Months after the DOL released its proposed rule, the DOL says it is unsure of its impact on insurance. They vow to find out.
New York Life has completed the acquisition of a majority interest in $25 billion of in-force life insurance policies from John Hancock.
Appropriations bills that call for stopping the Obama administration from creating a new fiduciary standard are moving forward in the…
Labor Secretary Thomas Perez said comments are prompting the department to consider changing some aspects of the rule’s best interest contract exemptions.
Advisors fear they will lose clients if the Department of Labor’s proposed fiduciary rule goes into effect, according to a survey by the National Association of Insurance and Financial Advisors.
The SEC is starting a multi-year examination initiative on how broker-dealers and advisors ensure their clients are prepared for retirement….
The new rule will cap the rates used for indexed universal life insurance illustrations at below 7 percent.
“Federal creep” on oversight of insurance and financial services is a key concern in legislation written by the Republican majority and approved Wednesday by the House Appropriations subcommittee that controls the purse for the Departments of Labor and Treasury.
Access to affordable financial help will be prohibited – even when it is in the investor’s best interest — through…
Legislation that calls for “defunding” the effort to establish a new fiduciary standard will be considered by the House Appropriations Committee.
The SEC is letting the Labor Department take the lead in expanding the fiduciary standard.
A new study by Vanguard indicates that the average American is setting aside 7 percent of their income in retirement savings accounts.
A federal judge ruled that government treated AIG “much more harshly than other institutions in need of financial assistance,” but awarded no damages.
The NAIC committee crafting an unclaimed property rule is looking at whether companies should be sanctioned for past unclaimed property oversights…
Financial advisors are suggesting fixed annuities at a lower rate now than they did in 2006, according to the survey.
A U.S. Chamber of Commerce report contends that the proposed fiduciary standard would take a toll on small business retirement plans and the advisors who serve them.
