Producers should be able to collect annuity sales commissions even when they have not recommended the transactions, insurance industry commenters say.

Hartford Financial Services Group Inc. posted a first quarter net income loss of $1.2 billion and said it will respond to the economic downturn by curtailing international sales and changing its variable annuities.

Former American International Group Chairman Maurice Greenberg has asked the current chairman Edward Liddy where a new, multisector, credit default swap financial venture got $35 billion in cash colla

"As life expectancy increases, the percentage of workers' lives spent in retirement continues to grow, while the number of working years stays relatively constant," the AAA, Washington, says in the

Charlotte, N.C.-based Bank of America Corp. is acquiring the Balboa Insurance Group as part of the deal announced today to acquire Countrywide Financial Corp., Calabasas, Calif., in a $4 billion stock

Federal law does not ordinarily require employers to provide health benefits for retirees either under or over 65, the usual Medicare eligibility age, EEOC officials write in a preamble to the new fin

Because "many political and parochial concerns" will lead to resistance to major changes, the department will propose some concrete, "intermediate steps" toward improving the financial services regula

Great-West Healthcare, a part of Great-West Life & Annuity, Greenwood Village, Colo., provides medical, dental, vision, life and disability coverage for 2.2 million U.S. residents in 5,200 U.S.