American International Group Inc. says it may sell North American life subsidiaries such as American General, VALIC and SunAmerica and focus mainly on property-casualty operations....Read article
Some Banks Put AIG Annuity Sales On Hold
10/2/2008
BY TREVOR THOMAS
Despite strong assurances from American Insurance Group Inc. that its subsidiaries are financially sound, a number of banks say they have temporarily suspended sales of AIG annuities....Read article
NAFA Exec Lobbies Against Rule Change
10/2/2008
The National Association of Fixed Annuities is continuing to battle against a U.S. Securities and Exchange Commission effort to classify indexed annuities as securities....Read article
Report Gives Annuity Senior Protection Ideas
9/23/2008
Securities regulators have come up with a list of suggestions for ways that financial services companies can protect older investors....Read article
Dinallo Reports Heavy AIG Call Volume
9/24/2008
BY JIM CONNOLLY
The New York State Insurance Department received about 1,000 calls about American International Group Inc. insurance contracts in the first 2 days after news of the company’s liquidity problems surfaced....Read article
Guardian Adds VA Withdrawal Benefit Rider
10/1/2008
A new variable annuity feature may give purchasers the ability to guarantee a large cumulative increase in the withdrawal amount after 15 years....Read article
Allianz Rolls Out VA Benefits Features
10/1/2008
A new variable annuity option will offer purchasers a 10% annual increase on their purchase payments....Read article
VA Reserving Rule’s Impact Explained
9/30/2008
BY JIM CONNOLLY
Insurance companies will start adjusting their reserving practices for variable annuities by the end of next year to reflect by state regulators’ final adoption of a more flexible reserve guideline....Read article