SEC: Cases from financial crisis not ending with Goldman Sachs
The U.S. Securities and Exchange Commission is investigating more cases resulting from the financial crisis, according to its chairwoman, who said the Dodd-Frank financial services reform bill passed...
View ArticleOld Mutual selling Baltimore life unit for $350 million
Old Mutual plc, a London-based financial services firm, is selling Baltimore-based U.S. life insurance unit to a New York private investment fund for $350 million. Julian Roberts Old Mutual called its...
View ArticleSluggish economy continues to hurt workers’ compensation market
The workers’ compensation market felt the effects of the global financial crisis last year, with net premiums written plunging 14.6%, to $12.3 billion, marking its lowest level in a decade. A.M. Best...
View ArticleU.S. life, annuity sectors improve, but face obstacles
Although the rating outlook on the U.S. life/annuity sector changed to stable from negative in 2010, A.M. Best says challenges remain for this year. Last year showed positive results in terms of credit...
View ArticleReport: SEC probing Texas firm’s life-expectancy estimates
Updated: Added company’s confirmation of investigation, 10:18 a.m. ET, Jan. 21, 2011. The U.S. Securities and Exchange Commission is investigating a Texas-based life settlement company’s estimates for...
View ArticleLife, health insurers finding ‘balance’ after ‘alarming’ two-year span
Life and health insurance companies may be in a safer place, at least in terms of their ratings, than they have been in the last two years, according to A.M. Best Co. Last year showed “balance” in...
View ArticleLow interest rates cause sleepless nights among life, P-C insurers
Low interest rates and political unrest are two insurance industry challenges that life insurers and property-casualty companies say keep them awake at night. Insurers place most of their funds in...
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