California’s insurance commissioner announced the end to a pair of civil suits, filed over his agency’s efforts to force insurance companies to stop investing in corporations working in Iran.

New York Life Insurance Co., America’s largest mutual life insurer, is re-organizing into two major business units, the company announced.

The number of market pessimists among America’s wealthy is slightly higher than optimists, according to a new survey.

Insurers’ investments should not be affected by the decision of Standard & Poor’s Ratings Service to lower the U.S. government’s credit rating, according to state insurance commissioners.

Millionaires are still investing in the stock market and many depend on financial advisors for investment decisions, a new study shows.

California Commissioner Steve Poizner filed a lawsuit challenging the state Office of Administrative Law’s (OAL) ruling that his efforts to stop insurers from investing in Iran constituted an underground regulation.

The California Office of Administrative Law (OAL) declared the state insurance commissioner’s actions against insurers holding investment relations with Iran to be “improper.”

Most U.S. investors say that any financial professional selling investments, including insurance agents, should operate under a “fiduciary standard” requiring them to put their clients’ interests ahead of their own.

The Maryland Automobile Insurance Fund (MAIF) said its assets directly managed by two minority investment firms have grown from $7.3 million to $42 million in value in the fiscal year that ended June 30.

A National Football League player has settled a civil suit in which he alleged that a financial advisor he was introduced to by his agent put his money into unauthorized investments.