Hartford Financial Services Group struck a deal with Forethought Financial Group, a privately held financial services company, to sell its its individual annuity operations.

The Hartford is giving up on individual annuities, saying it will run-off its individual annuity business and either sell or seek other alternatives for its individual life, financial services and retirement plan segments.

The Minnesota Department of Commerce has suspended the insurance license of a life insurance agent it alleges used fraudulent means to purchase 44 life insurance policies for one man totaling …  Read →