Annuities
Annuity news and analysis, including coverage of annuity market regulatory, compliance and legislative issues.
Hartford Says States Continue Annuity Probe
By Trevor ThomasThe Hartford Financial Services Group Inc. says it has received more subpoenas for information about its group annuity products from the attorneys general of ...
June 20, 2005
Bank Of America Leads In Brokerage RevenueBrokerages in banks saw investment income fall 7% during the first quarter, according to a new report.[@@]The industry tallied $1.4 billion in income from ...
June 20, 2005
Annuity Seller Offers Identity ProtectionSun Life Financial U.S. is offering customers a new layer of protection.[@@]The Wellesley Hills, Mass., insurer will be providing 1 year of free PrivacyGuard ...
June 17, 2005
Skandia To Settle SEC Charges (Corrected)Skandia Insurance Company Ltd. is offering to settle a case involving allegations of past market-timing problems at its old American Skandia unit.[@@]Prudential Financial Inc., ...
June 17, 2005
American Equity Changes AuditorsAn active player in the fixed and equity indexed annuity markets is changing auditors.[@@]The company, American Equity Investment Life Holding Company, West Des Moines, ...
June 15, 2005
Fied Annuity Buyers Prefer 1-Year Guarantees (Updated)Consumers who buy fixed annuities still seem to be expecting an increase in interest rates.[@@]A few years ago, when interest rates seemed to be ...
June 15, 2005
Helberg Rises At SecurianSecurian Financial Group has promoted John Helberg to manager of individual underwriting.[@@]Helberg was a senior underwriter at Securian, St. Paul, Minn. He has a ...
June 15, 2005
NAIC Committee Builds Floor Into VA Guarantee ProposalA key group of regulators has decided that insurers should use traditional formulas as well as more complicated statistical models when establishing reserves for ...