AG 38 Reserving Debate Spawns Second Draft
By Jim ConnollyRegulators have decided to seek public comments on a second proposal for establishing reserving guidelines for universal life products with secondary guarantees.[@@]Members of the ...
May 09, 2005
CIGNA Finds Medicare PartnerCIGNA HealthCare has agreed to work with a large prescription drug discount card seller to set up a national Medicare drug plan.[@@]CIGNA HealthCare, Bloomfield, ...
May 09, 2005
IRS Sets Procedure For Volume SubmittersFederal regulators have published guidance for financial services firms that administer large numbers of retirement plans.[@@]The Internal Revenue Service guidance, Announcement 2005-37, affects "volume ...
May 09, 2005
Dow Jones: April Bad for All, Worst for Convert ArbNEW YORK (HedgeWorld.com)--Everyone took a soaking from the showers of April. The returns from last month were negative for each of the six hedge fund categories tracked by Dow Jones indexes. The convertible arbitrage strategy lost the most (3.73 %), followed by equity long/short (U.S.), event-driven, merger arbitrage and equity...
May 09, 2005
Michigan Association Runner Branches OutThe National Association for Business Resources is promoting a national health savings account program.[@@]NABR, Warren, Mich., says a unit of Assurant Inc., New York, ...
May 09, 2005
Cerulli: Fund Ta Changes May Attract Latin American CashU.S. mutual funds may be heading south to look for new sources of assets.[@@]The recent elimination of the 30% withholding on U.S. mutual fund ...
May 09, 2005
Travelers Life Veteran Goes To MassMutualMassachusetts Mutual Life Insurance Company has hired Gregory Zabel to be vice president of life sales.[@@]Zabel will manage career agency life regional directors for ...
May 08, 2005
Pennsylvania Carrier Adds Wellness RewardsHighmark Inc. is offering a new wellness program to group preferred provider organization customers with at least 50 employees.[@@]Highmark, Pittsburgh, says the new Highmark ...