State Farm says it will not accept liability on the future sale of annuities or mutual funds. Meanwhile, Allstate, USAA and Nationwide plan to remain in the commission investment business.
A risk retention group which insures taxicabs primarily in Pennsylvania and New Jersey has been placed in liquidation, setting off a scramble by cab owners to find new insurance.
The International Association of Insurance Supervisors on Thursday unveiled what it envisions as a uniform capital framework for internationally active insurers, or global systemically important insurers.