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In the final quarter of 2009, a renamed insurance company subsidiary of American International Group Inc. became the No. 1 seller of fixed annuities overall in the United States, according to Beacon Research... >> FULL STORY
The National Conference of Insurance Legislators reiterated its opposition to federal involvement in insurance regulation, specifically calling for insurers to be excluded from systemic risk legislation...
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Applications for individually underwritten life insurance in the United States were essentially flat in 2009, dipping 0.2% from the prior year, but applications grew 2.9% in the fourth quarter -- recovering all early year losses.....
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AIG said the cash will be used to reduce the liquidation preference of the Federal Reserve Bank of New York in the special-purpose vehicle formed by AIG and the Fed to hold the interests in Alico...
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