Moody’s Downgrades BofA, Wells Fargo & Citigroup
By Marlene Y. SatterMore advisors may feel the necessity to seek independence, as lack of potential government bailouts led to ratings cut.
September 12, 2011
Upscale buyers like term, tooWhen prospecting for term business, a lot of producers focus on family sales.
September 08, 2011
PIMCO’s Gross: Fed Action ‘Destroyed’ Credit Creation; Obama Needs to Be BoldEchoing sentiments he made this week, Bill Gross said Thursday that QE by the Fed 'destroyed' credit creation, and that he'd like to "see something bold" from the president in his speech Thursday night.
September 05, 2011
Climate Change Endangers Insurance Industry: CeresInsurers are failing to adequately plan for climate change risks, according to a report by Ceres, thus endangering not only the consumers and businesses that depend on them but also their own survival.
August 28, 2011
LTC Buyers Choose Higher Premiums Over Limited BenefitsCan the LTC market come back from the brink?
August 26, 2011
Banks Seek Relief as More Investors Move to CashAs more investors move to cash as a defensive move against another possible downturn, U.S. regulators have asked some banks to take more deposits from large investors even if its unprofitable. Bloomberg reports lenders in return are seeking relief on insurance premiums and leverage ratios.
August 10, 2011
GAO Releases First Study of Long-Term Care InsuranceA Government Accounting Office study of long-term care insurance finds that nearly half of government employees who had purchased coverage chose to accept a rate increase rather than accept reduced benefits.
August 01, 2011
PIMCO’s El-Erian on Debt Deal: Short-Term Gain, Long-Term DisdainThe CEO of PIMCO said Sunday that the potential agreement ‘does nothing to restore household and corporate confidence.’