The financial services reform legislation approved this month assures that indexed annuities will remain regulated as insurance products, not securities.
President Barack Obama signed sweeping financial services regulatory reform into law today (July 21), creating a system of oversight designed to prevent future meltdowns of the financial services industry in the U.S.
A U.S. Senate and House conference committee on financial services regulatory reform agreed early today (June 25) on a bill that would avoid duplication between state and federal insurance regulation.
The saga of American International Group is one of the biggest stories of the decade, and the implications of its descent and eventual government bailout, to the tune of some $180 billion, are likely to reverberate long into the next decade.
Dean Zarras hit a home run with his recent article on how America’s treatment of health insurance as an endless source of payment for anything deemed, “health care,” could lead to national financial ruin.