Seasonal Mortgage Applications Down 16 Percent
Wednesday, October 22, 2008 (153 reads)
The Market Composite Index, a measure of mortgage loan application volume compiled by the Mortgage Bankers Association, fell more than 16 percent last week on a seasonally adjusted basis.
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FINRA: Indexed Annuities Ought To Be SEC-Regulated
Tuesday, October 21, 2008 (275 reads)
Mary Schapiro, head of the Financial Industry Regulatory Authority (FINRA), is on record as saying that although many insurers might not want to hear it, indexed annuities may have to be put under the oversight of the Securities and Exchange Commission.
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The Hartford Appoints Hauptbevollmaechtigter
Tuesday, October 21, 2008 (120 reads)
The Hartford, which plans to begin selling variable annuities in Germany early next year, has hired Stephan Schinnenburg as hauptbevollmaechtigter, or general manager, of its German branch.
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Fed Launches New Plan To Help Money Market Funds
Tuesday, October 21, 2008 (126 reads)
The Federal Reserve Tuesday launched a new facility to fund purchases of certificates of deposit and commercial paper from money market mutual funds in the latest step to provide liquidity to strained financial markets.
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W.R. Berkley Expects Stormy Q3 Results
Monday, October 20, 2008 (117 reads)
Greenwich insurer W.R. Berkley Corp. said today it expects to incur losses of up to $41 million from Hurricanes Ike, Gustav and Dolly in its third-quarter earnings.
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Aetna Earns Leadership Award
Monday, October 20, 2008 (106 reads)
Hartford health and life insurer Aetna has been awarded a leadership award for value-based health benefits from the Institute for Health and Productivity Management (IHPM).
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Layoffs Spreading Across Corporate America
Monday, October 20, 2008 (235 reads)
Shock waves from the global financial crisis are now being felt in almost every corner of working America as companies press the eject button on increasing numbers of employees.
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