News

The Obama administration has made clear it will support the Senate version of a financial services reform bill as the measure appears to be nearing a floor vote.

A 6.9 magnitude earthquake has claimed hundreds of lives in the Qinghai province of China, but there will be little impact on insurers, judging by past quake losses in that country.

American International Group this week in SEC filings said federal salary restrictions prevent it from being competitive in a defense of the millions it pays management.

State Farm Insurance Cos. announced it will commit $25 million to the National Equity Fund (NEF) Inc. to help finance affordable housing in low-income communities for disadvantaged families and seniors.

Securities lawsuit filings fell by 39 percent in the first quarter, Advisen reported, noting that several high-profile stockholder actions were dismissed as well.

Insurance agencies need to abandon the idea that providing value-added service will be enough of a differentiator for them to survive and thrive, the managing principal from Hales & Company said.