MassMutual Officially Fires OConnell (Updated)
By Allison BellThe Massachusetts Mutual Life Insurance Company board says it has fired Robert O'Connell, the company's former chairman and chief executive officer, because it believes ...
June 23, 2005
Foundation Backs Universal Coverage ProposalFoundation Backs Universal Coverage ProposalMassachusetts might be able to achieve universal access to health coverage with a relatively modest public investment.[@@]The Blue Cross Blue ...
June 23, 2005
SEC to Hold Open Meeting on Independent Director RuleThe U.S Court of Appeals for the D.C. Circuit ruled June 21 that the SEC violated the Administrative Procedures Act with its rule requiring registered investment companies to have a board composed of at least 75% independent directors and an independent chairman. The court told the SEC to reconsider the...
June 23, 2005
New York Life Hires COLI EpertNew York Life Insurance Company has hired Gary Warren to be the first vice president in charge of its advanced markets network department.[@@]Warren will ...
June 23, 2005
Software Firm To Support Medicare Drug PlansTriZetto Group Inc. is developing software and support services for companies that will be selling the new Medicare Part D drug plans.[@@]TriZetto will be ...
June 23, 2005
Swiss Re: United States Drags Down HemisphereThe United States suffered from weaker life insurance premium growth in 2004 than any other major life market in the Western Hemisphere.[@@]Researchers at Swiss ...
June 23, 2005
Bank Annuity Sales PlateauAnnuity sales at banks and savings institutions amounted to $4.7 billion in March, unchanged from the total for March 2004.[@@]Although sales of fixed annuities ...
June 23, 2005
Retirement Savings Slump Causes ConcernIn this ever-more sophisticated age of investing, financial planners and financial institutions are concerned that workers are still not saving enough for retirement, either due to a failure to realistically assess future costs or because they're spending too much, as the baby boomers are now.