Annuity Market News articles from February 2006

Annuity Market News archives from February 2006

Case Study.(investments of widow)(Brief Article)
February 1, 2006... For an example of how secondary market sales of annuities (see story, middle) can work, Michael Vaughn of J.G. Wentworth in Bryn Mawr, Pa., offered this real-life case. Vaughn said his company recently purchased an annuity from a 67-year-old...

Carriers Battle it Out With Market Timers: With Illinois Successes, Class Action Suit May Loom.
February 1, 2006... Insurance companies find themselves caught between a rock and a hard place with market timers. On the one hand, regulators have come down on carriers for inadequately enforcing frequent trading rules; on the other, the timers themselves have...

The Secondary Market is Alive and Well.
February 1, 2006... Specialty finance companies are doing a brisk business buying nonqualified variable, fixed and income annuities with guaranteed payment options from annuity owners. The companies are repackaging the income streams and then selling them to...

Annuities Susceptible to Identity Theft.
February 1, 2006... Could insurance and annuity policyholders be the newest victims of identity theft? Last year, there were over 1,900 cases of identity theft involving insurance companies, according to a Federal Trade Commission report. That represents just...

At Deadline.(Teachers Insurance and Annuity Association - College Retirement Equities Fund)
February 1, 2006... Customers Reel from TIAA-CREF Technical Snafus Administration platform change-overs can cause headaches for insurance companies, but problems at TIAA-CREF have been taking an unusual toll on customers, according to reports in eWEEK....

People Moves.(Lawrence "Larry" W. Dahl joins Lincoln Benefit Life Co)(Richard LaVoice joins Massachusetts Mutual Life Insurance Co)(Tyler S. Carr joins John Hancock Financial Services)
February 1, 2006... LBL Appoints Dahl President Lincoln Benefit Life Co. has a new president, Lawrence "Larry" W. Dahl. He replaces B.E. "Gene" Wraith, who is now vice chairman and is assisting with leadership transition until his April 30, 2006 retirement....

New Venture Aims to RISE to the Challenge of Traditional Annuitization.(interview with .H. "Rick" Carey and Jeff Dellinger from Retirement Income Solutions Enterprise)(Interview)
February 1, 2006... R.H. "Rick" Carey and Jeff Dellinger have teamed up to fill what they view as a serious gap in services for insurers that see true annuitization as a key component in solving the retirement income equation. Their partnership has given...

Phoenix Contract Survives Legal Assault.
February 1, 2006... On July 30, 2002, Paul M. Prusky of Ardmore, Pa., filed suit in District Court against Phoenix Life Insurance Co. of Hartford, Conn., claiming damages because the carrier stopped allowing him unrestricted trades. Justice Thomas J. Rueter...