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News For: Jefferson Pilot Insurance And AnnuitiesWisconsin insurance commissioner urges caution about AIG annuities Wisconsin Insurance Commissioner Sean Dilweg is urging insurance consumers today to be cautious about replacing or liquidating their annuities, particularly those that may be underwritten by the AIG insurance companies, despite the current volatility in financial markets. The Wall Street Crisis and the Next President of the U.S. At the end of a week of falling stock prices, bankruptcies and almost bankruptcies of important financial firms in Wall Street, the markets seemed to stabilize on Friday when President George W. .... Weekly News Round-up Lehman Brothers Holdings Inc has filed for bankruptcy protection, making it the largest casualty of the global credit crisis, and given its assets at the time of filing, Lehman surpassed WorldCom as the biggest US Bankruptcy filing. As an AIG policyholder, should you stay or go? First, don't panic State insurance regulators are assuring policyholders that the financial problems besetting AIG would not trickle down to the firm���s insurance subsidiaries, but policyholders with high-value annuities and whole-life insurance products still might be worried. Japan, China Locked In by Investments TOKYO, Sept. 19 -- Japan is a captive of its investment in the United States economy and its central bank has no real alternative other than to hold on to the massive amounts of U.S. Treasury bonds it owns and work hard to help clean up the mess on Wall Street, Hidehiko Sogano, an associate finance director at the Bank of Japan, said Friday. Candidates differ on bailouts, sick days, union cards Candidates for a central Ohio congressional seat disagreed yesterday on the wisdom of the federal government's bailouts of foundering mortgage lenders, an investment bank and insurance conglomerate. Citing Grave Financial Threats, Officials Ready Massive Rescue The Bush administration is urgently preparing a massive intervention to revive the U.S. financial system, including a plan to sweep away the unpaid loans that are choking banks and blocking the flow of money to borrowers. Europe closes Ryder Cup gap to two points Europe, with important contributions from rookies Justin Rose, Oliver Wilson and Graeme McDowell, narrowed the US Ryder Cup lead to two points after the morning foursomes at Valhalla Golf Club. Top Local Stories Here are the top stories at this hour: the federal government helps out banks with billions in bad debt, Jefferson County commissioners do something different by fighting over money, and a victim of a standoff takes a turn for the worse... As finance titans collapse, Americans fear for their life insurance Americans who have ploughed their savings into life insurance and annuity-linked pension funds were running scared as financial titans collapsed around them. |