Crawford & Co. and its lenders have amended its existing credit agreement in a move company officials say gives it new flexibility and affirms its operational performance.

The Wilkes Barre, Pa., parent company of Penn Millers Insurance Co. plans to repurchase up to 5% of its issued and outstanding shares of common stock.

Sterling Life Insurance Co., headquartered in Bellingham, Wash., has selected a Maryland company to optimize its financial operations.

Five bank broker-dealers were fined a total of $1.65 million for bad supervision and procedures involving the sale of variable annuities, mutual funds or unit investment trusts, according to the …  Read →

A new survey co-sponsored by Nationwide Insurance indicates that African Americans in Washington, D.C., do not have specific financial plans, but are concerned about their financial future and are interested …  Read →

As employer-sponsored retirement plans have increased their use, the Certified Financial Planner Board of Standards wants the federal government to prohibit target date funds from serving as default investments in …  Read →

Fixed annuities continue to outsell variable annuities, as people fear the rocky stock market.

For the second quarter in a row, fixed annuities outsold variable annuities $35.6 billion to $30.7 billion, …  Read →

The potential for Social Security to be bankrupt by 2037 has the president of Prudential Retirement warning Americans to plan for more than that income stream for their retirement.

Christine …  Read →

The president of John Hancock’s U.S. insurance division has been tapped to serve as president of John Hancock Financial Services, the U.S. division of Toronto-based Manulife Financial Corp.

James R. …  Read →

Three quarters of non-retirees are concerned about the amount of debt they expect to carry into retirement, according to a new survey.

Consumers fear the impact of short-term financial problems more …  Read →