Standard & Poor’s Ratings Services lowered to “AA+” from “AAA” its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups, following its lowering of the U.S.’s credit rating last week.

An Albany, N.Y.-based organization dedicated to advancing the careers of women announced its 2011 industry partners, whose sponsorship shows their dedication to supporting women in insurance and financial services careers, according to the group.

A Racine, Wis., judge ruled that a Milwaukee-based insurance company breached contracts when it changed how dividends were paid on certain annuities.

Large life and annuity insurers fared better than smaller insurers in an independent ratings service’s analysis of what companies are strong enough to be recommended to consumers.

It appears life and health insurance companies in the U.S., Canada and Europe have been caught dining on fast-food profits – nearly $2 billion worth – when they encourage their members to eschew these treats in the name of wellness. At least that’s the case an article from Harvard researchers, published in the April 15 edition of American Journal of Public Health, tries to make.

An added partial benefit option and interactive online tools are available for medical professionals as part of Northwestern Mutual’s new “flexible” medical occupation definition.

An Iowa insurance agent and securities broker was arrested after he allegedly took more than $100,000 from his clients for his own personal use.

Three former Northwestern Mutual Life Insurance Co. employees have filed a $200 million class-action lawsuit against their ex-employer, alleging denial of minimum wages and overtime pay.

In a suit filed in …  Read →

A conference for African American financial professionals is scheduled for April 27-28 at Howard University in Washington, D.C.

The Fourth Annual Conference for African American Financial Professionals provides attendees with an …  Read →