Supreme Court Upholds Health Care Law
In a surprise, Chief Justice Roberts joins 5-4 opinion, justifying ruling by calling individual mandate a tax and not a penalty as stated in the law.
GAO Criticizes FINRA, SEC on Oversight
Serious questions are being raised about the effectiveness of FINRA and whether the SEC spends enough time overseeing this self-regulatory agency.
Jackson Acquires SRLC From Swiss Re
Jackson National Life Insurance Co. has acquired a U.S. subsidiary of Swiss Re for $621 million in an effort to grow its traditional life insurance servicing business.
LIMRA: Individual Life Sales Improve in Q1 of 2012
Total individual life insurance premium grew 3% in the first quarter of 2012 compared to the prior year, according to a new report.
SunAmerica Reshapes Its Distribution Channels
AIG’s SunAmerica Financial Group unit is reorganizing to consolidate and expand its distribution channels.