Tue, 21 Feb 2012 16:25:00 GMT
"The defendants conspired to reap the benefits of a scheme that defrauded insurance companies and lined their own pockets," said the FBI Assistant Director in charge...
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Mon, 20 Feb 2012 11:03:00 GMT
Baby Boomers have had the misfortune of approaching retirement age at a time when stock market crashes diminished their 401(k) nest eggs and companies began eliminating defined benefit pensions...
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Thu, 16 Feb 2012 11:53:00 GMT
Fitch feels recent public discussions surrounding a possible split of the Hartford Financial Services Group into separate life and P/C companies has raised questions...
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Thu, 16 Feb 2012 10:55:00 GMT
Total annuity sales increased eight percent in 2011, compared to 2010, to reach $240.3 billion, according to LIMRA's fourth quarter 2011 U.S. Individual Annuities Sales survey, which represents data from 94 percent of the market...
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Wed, 15 Feb 2012 14:08:00 GMT
From a ratings perspective, we are concerned with the ultimate risk profile of any CA products, pricing adequacy, questions of transparency, and how the product will be reserved for considering the level of capital required under regulatory capital ratios....
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Wed, 15 Feb 2012 10:00:00 GMT
Regulators say that talking about some indexes in indexed annuities gets a little close to the financial advising line...
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Wed, 15 Feb 2012 10:00:00 GMT
Regulators say that talking about some indexes in indexed annuities gets a little close to the financial advising line...
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Tue, 14 Feb 2012 21:19:00 GMT
The ACLI says it is concerned about provisions in the Fiscal Year 2013 federal budget proposal that would impose new taxes and fees on the insurance industry...
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Sat, 11 Feb 2012 19:30:00 GMT
As President Barack Obama considered a decision on birth control that would turn into an unexpected political nightmare, he heard it from inside and outside his White House: He risked a fierce backlash if he required religious employers to provide insurance coverage for contraception in violation of their beliefs...
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Thu, 09 Feb 2012 13:16:00 GMT
Officials announced that private health plans will have to provide consumers with a user-friendly summary of what's covered, along with key cost details such as copays and deductibles...
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Wed, 08 Feb 2012 16:20:00 GMT
American International Group has been forced to rethink its succession plans after its chairman Steve Miller announced he was taking a job as chief executive officer of an aviation manufacturer...
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Tue, 07 Feb 2012 10:47:00 GMT
Until recently, retirement planning focused mostly on helping workers accumulate savings - but now, the Treasury Department is tackling another aspect: making sure retirees don't run out of money...
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Mon, 06 Feb 2012 16:46:00 GMT
Prudential Insurance has entered into a $17 million settlement with seven states to help conclude an investigation into how the company uses the Social Security Administration's Death Master File to find life insurance policyholders who have died...
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Mon, 06 Feb 2012 14:01:00 GMT
Mary Landrieu, D- La., and Johnny Isakson. R- Ga., have introduced legislation that would exclude agent and broker compensation from the Patient Protection and Affordable Care Act's medical loss ratio requirement...
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Sat, 04 Feb 2012 10:20:00 GMT
American workers will be better able to access annuities and address their lifetime retirement security needs under a series of steps taken today by the U.S. Treasury and Labor Departments, said the American Council of Life Insurers (ACLI)...
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Fri, 03 Feb 2012 11:46:00 GMT
The U.S. insurance industry added 1,100 jobs in January— a mere 0.05% increase from the previous month, according to the latest employment report released by the U.S. Bureau of Labor Statistics...
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Fri, 03 Feb 2012 10:38:00 GMT
Overall, the MIB Life Index has shown stability three years in a row, compared with about five years ago, when the industry was seeing year-over-year decreases, said Lee Oliphant, CEO and president of MIB Group. "The stability that it's shown in this difficult economy...bodes well for the industry as it's an affirmation that people really recognize a need for life insurance."...
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Thu, 02 Feb 2012 16:13:00 GMT
The U.S. House of Representatives has passed legislation that effectively kills the Community Living Assistance Services and Supports program, or CLASS Act, whose implementation has been suspended since October...
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Wed, 01 Feb 2012 12:29:00 GMT
What are contingent annuities? They might be an answer for some clients' guaranteed income needs...
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Wed, 01 Feb 2012 10:00:00 GMT
A new report from actuarial consulting firm Milliman shows a provision of the health reform law intended to tax health insurance companies to help fund coverage expansions, will be paid entirely by state Medicaid programs for the portion assessed to Medicaid managed care organizations...
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