American Council Of Life Insurers

Retirement Account Cap With Obama Budget Buoys Insurance

A cap that President Barack Obama has proposed on the size of tax-advantaged retirement accounts is seen as potentially pushing savers to another product that limits payments to the government: life insurance.

Fallen Soldiers' Families Denied Cash as Insurers Profit

The package arrived at Cindy Lohman’s home in Great Mills, Maryland, just two weeks after she learned that her son, Ryan, a 24-year-old Army sergeant, had been killed by a bomb in Afghanistan. It was a thick, 9-inch-by- 12-inch envelope from Prudential Financial Inc ., which handles life insurance for the Department of Veterans Affairs.

Duping the Families of Fallen Soldiers

Life insurers are secretly profiting from death benefits owed to the survivors of service members and other Americans.

Accidental Death Becomes Suicide When Insurers Dodge Payouts

Jane Pierce spent nine years struggling alongside her husband, Todd, as he fought cancer in his sinus cavity. The treatments were working. Then, in July 2009, Todd died in a fiery car crash. He was 46. That was the beginning of a whole new battle for Jane Pierce, this time with Todd’s life insurance company, MetLife Inc.

New York Life Hedges Yield Jump as Rate Nirvana Elusive

New York Life Insurance Co., the insurer with a portfolio of more than $170 billion, limited the investment duration and hedged against higher yields to prepare for a rise in interest rates after U.S. bond buying ends.

Former Oklahoma Governor Keating to Head Banking Trade Group

One of the largest bank lobbying groups in Washington has named the Republican former governor of Oklahoma to lead its campaign to shape the implementation of the Dodd-Frank Act.

JPMorgan’s Tanious Says U.S. Best House in Neighborhood

The U.S. economy is the strongest among developed markets as a debt crisis weighs on Europe, said Joseph Tanious, a global market strategist at JPMorgan Chase & Co.’s asset-management unit.

Life Insurers `Very Proud' of Death Benefit Retention

U.S. life insurers are “very proud” of the retained-asset accounts that allow companies to hold death benefits and earn interest on the funds because the practice gives bereaved beneficiaries time to decide what to do with the money, an industry group said today.

Apollo to Guggenheim Seek Annuity Windfall Insurers Missed

Leon Black’s Apollo Global Management LLC private-equity firm and asset manager Guggenheim Partners LLC are betting they can make a windfall on annuities as insurers scale back from the retirement products.

U.S. Insurers Will Tell Regulators Retained Benefits Help Beneficiaries

A trade group representing U.S. life insurers will tell state regulators that beneficiaries are helped when death benefits are retained in corporate accounts.

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