A chunk of a $190 million award from a tax case in a Japanese court will be repaid to American International Group by MetLife, according to regulatory filings and a news report…
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When a consumer watchdog reporter shows up on your doorstep with lights and a camera crew, it’s too late to start planning your public relations response…
Insurance agents from across the U.S. will descend on the nation’s capital today for the second industry-wide fly-in, according to Americans to Protect Family Security…
The U.S. Securities and Exchange Commission and the U.S. Attorney in Hartford, Conn., have charged three former executives of a Connecticut hedge fund with numerous counts of fraud in a failed life insurance investment scheme…
Genworth Financial has placed Chief Financial Officer Martin Klein in charge of overseeing two business units the company has targeted for possible sale…
Two former Texas investment executives have been sentenced to 10 years each in prison in connection with a life settlement fraud scheme they operated until 2009…
Some 86 percent of insurance chief executive officers plan to increase their investments in technology this year, consulting firm PwC (formerly PricewaterhouseCoopers) noted in its most recent report on the state of the industry…
A new insurance policy unveiled by Minnesota Life includes a unique Income Protection Agreement (IPA) that lets the policyholder decide when and how death benefits will be paid…
Annuity sales declined 8 percent in 2012, according to LIMRA’s fourth quarter “2012 U.S. Individual Annuities Sales” survey, which represents data from 95 percent of the market…
MetLife is preparing to sell its U.K. bulk annuities business, according to news reports…
Three in 10 American households are uninsured and half say they are underinsured. Lincoln Financial Group officials predict that 2013 will see the return of innovation in financial products as a result…
How are insurance companies preparing to survive—and maybe thrive—in this era of “stable instability?”…
Following a 2-year courtship, Great-West Lifeco has agreed to acquire Irish Life Group from the Irish government for $1.73 billion…
More than half of Gen X and Gen Y consumers admit having little or no knowledge about investments and financial products, according to a recent LIMRA study…
Gerber Life Insurance will turn to MajescoMastek, an information technology provider to insurance companies, to help it overhaul its technology as part of a two-year transformation initiative to modernize its core policy administration processes…
More than half of Gen X and Gen Y consumers admit having little or no knowledge about investments and financial products, according to a recent LIMRA study…
Ratings agency A.M. Best has revised its outlook for Fidelity Security Life Insurance Co. and its New York subsidiary to negative from stable, according to a statement…
MetLife blamed a fourth quarter profit decline of 87 percent on costs related to lower interest rates and annuities…
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Deutsche Bank Securities and a former advisor to pay two investors and their trusts a total of $934,000…
It has become one of the most common strategies in investing: follow Warren Buffett’s lead. And why not? Buffett’s financial acumen, after all, has made him one of the richest men in the world, and his recent bets in a tumultuous market have continued to pay off…
