Running Your Business
Insights on how to run an insurance agency, along with coverage of agency management and agency technology news.
Hartford Concludes Bank Acquisition
By Linda KocoThe Hartford Financial Services Group Inc. says it has completed its acquisition of Federal Trust Corporation for $10 million in cash.
June 24, 2009
BOLI Assets Exceed $126 Billion in 2008Large bank holding companies and stand-alone banks reported bank-owned life insurance assets of $126.1 billion in 2008, up 5% from $120.4 billion in 2007.
June 24, 2009
VA Oversight DefendedLife insurance industry trade groups and a state regulator all voiced strong opposition in testimony before Congress today to the Obama administration's proposal that a separate federal agency oversee financial products.
June 23, 2009
Canadian Watchdog Growls At ManulifeCanadian regulators have told Manulife Financial Corp. it may have failed to adequately disclose to investors the potential risks of some of its annuities.
June 23, 2009
Maine Law Backs Life SettlementsA new law in Maine requires life insurance companies to advise senior life insurance policy owners that life insurance settlements are an alternative to surrendering their policy or allowing it to lapse.
June 23, 2009
Most Don't Favor Government Health Care: SurveyA recent industry survey finds that 56% of respondents who have health insurance are against a government-run health care plan or are not sure how they feel about such a plan.
June 23, 2009
Conseco: NAIC Rule Change HelpedConseco Inc. says its capital position was improved by a recent National Association of Insurance Commissioners action.
June 23, 2009
Stephen L. DeschenesStephen L. Deschenes has been named senior vice president and general manager of the annuities division at Sun Life Financial Inc. He will be responsible for developing best practices and a diversified portfolio of competitive products, in