Aetna Names Technology Chief
By Staff WriterAetna Inc., Hartford, has promoted Margaret McCarthy to senior vice president and chief information officer.[@@]McCarthy previously was the company's vice president of business solutions ...
June 03, 2005
Agency Downgrades AIGStandard & Poor's Ratings Services has cut its rating on the senior debt of American International Group Inc.[@@]S&P, New York, is reacting to the ...
June 03, 2005
RBC Standard Scenario Floor Prompts DebateMany life insurers and insurance regulators are opposing the idea of creating a mechanism that would add a floor to a new flexible reserving ...
June 03, 2005
MassMutual Fires CEOMassachusetts Mutual Life Insurance Company says it is firing Robert O'Connell, the company's chairman and chief executive, "due to certain issues, subject to his ...
June 03, 2005
NAIFA Calls On NAIC To Oppose Limited Term LicensesA major producer group has repeated its opposition to limited term insurance licenses, calling on state insurance regulators to adopt a resolution rejecting these ...
June 03, 2005
Vesta Reports Accounting ProblemsA Southern insurer says it has discovered material weaknesses in the effectiveness of its internal controls.[@@]The multiline insurer, Vesta Insurance Group Inc., Birmingham, Ala., ...
June 03, 2005
AIG Pulls Back From China Group Life MarketAmerican International Group Inc. has withdrawn an application to add group life insurance to its product lines in China. [@@]In a Form 10-K annual ...
June 03, 2005
Epert: Develop LTC Reverse MortgagesA long term care finance expert is suggesting that insurers develop a new type of instrument to help finance long-term institutional care.[@@]Stephen Moses, president ...