Life Insurance
Life insurance news and analysis, with coverage of life insurance market trends, and of life insurance regulatory, compliance and legislative issues .
MetLife Names CEO Kandarian as New Chairman
By Staff WriterMetLife Inc. on Monday named President and CEO Steven Kandarian as its chairman effective Jan. 1, rejoining the leadership roles after eight months.
October 31, 2011
Liquidation Proceeding for MF Global Undertaken by SIPCThe Securities Investor Protection Corporation, which maintains a special reserve fund authorized by Congress to help investors at failed brokerage firms, announced today that it is initiating the liquidation of MF Global Inc., under the Securities Investor Protection Act.
October 31, 2011
Narrowed US reporting rule for hedge funds adoptedThe largest U.S. hedge funds and private equity funds must report financial information to the government starting next year under a rule finalized Monday.
October 31, 2011
The Debt Fallout: How Social Security Went ‘Cash Negative’ Earlier Than Expected (Washington Post)Last year, as the recession raged on and unemployment rates held frighteningly steady, a struggling Social Security program went "cash negative" for the first time since the early 1980s.
October 31, 2011
New Concerns for Retirement Plan Providers (Investment News)If you provide financial services to Employee Retirement Income Security Act of 1974 plans, you may not acknowledge fiduciary status but you still need to consider the structure, amount, and distribution of fees associated with your products or services.
October 31, 2011
Ruth B. Smith Promoted to Executive Vice President of National Life GroupRuth B. Smith has been promoted to the position of executive vice president for protection at National Life Group, it was announced today by Mehran Assadi, president and chief executive officer.
October 31, 2011
Ruth B. Smith Promoted to Executive Vice President of National Life GroupRuth B. Smith has been promoted to the position of executive vice president for protection at National Life Group, it was announced today by Mehran Assadi, president and chief executive officer.
October 31, 2011
MF Global Files for Bankruptcy ProtectionMF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection one week after reporting its biggest-ever quarterly loss.