Early retirement surge underway
By John SullivanYou read the headline right. In a scary development, the Social Security Administration reports a surge in benefit claims due to the economic downturn. We...
May 19, 2009
Allstate second insurer to turn down bailoutAllstate Corp. has become the second insurer to turn down a Treasury bailout. The company refused funding based on its reported strong capital and liquidity...
May 18, 2009
AIG Looks to Launch IPO for Asian UnitAIA Group has offices and subsidiaries in 13 Asian markets
May 15, 2009
Analysts: insurers may reject TARP fundingAnalysts at Keefe, Bruyette & Woods told Reuters Friday that some U.S. life insurers with solid capital positions may not accept funds under the U.S....
May 15, 2009
More government meddling?The SEC has proposed rule amendments that, if adopted, would include a yearly "surprise exam" by an independent public accountant for investment advisors who have...
May 15, 2009
Shares rise for insurance co.'s following TARP approvalSix major insurance companies reportedly received preliminary approval Thursday from the Department of the Treasury to participate in the Troubled Asset Relief Program. Both Hartford Financial...
May 14, 2009
Easier said than doneAs we reported recently, clients are understandably concerned that low insurance company market valuations will translate to claims-paying trouble. Not so, says Thomas Hampton, commissioner...
May 14, 2009
SEC votes to consider surprise examination rulesIn a unanimous agreement Thursday, the Securities and Exchange Commission voted to consider proposals that investment advisors who manage or have access to client assets...