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News For: Jefferson Pilot Insurance AnnuityAmericans fear for their life insurance after financial turmoil Americans who have ploughed their savings into life insurance and annuity-linked pension funds were running scared yesterday as financial titans collapsed around them. Best downgrades life sector to negative OLDWICK, N.J.���A.M. Best Co. has revised its rating outlook for the U.S. life insurance industry to negative from stable, expecting more downgrades and negative outlooks than upgrades and positive outlooks for U.S. life, annuity and health companies in the near to medium future. 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. Sector roundup: Insurance, specialty retailers Shares of insurance companies surged Friday -- extending a rally that began Thursday -- as investors were heartened by a temporary ban on short selling and the federal government's plans to help rescue banks burdened by souring mortgage debt. TIAA Maintains Highest Possible Financial Strength Ratings From Independent Insurance Ratings Agencies NEW YORK----TIAA-CREF, the leading provider of retirement services in the academic, medical and cultural fields, today announced that the nation's leading independent insurance rating agencies have all affirmed the highest possible insurance financial strength ratings for Teachers Insurance Annuity Association of America and its insurance operating subsidiary, TIAA-CREF Life Insurance Company. Sector roundup: Insurance, specialty retailers CHARLOTTE, N.C. _ Shares of insurance companies surged Friday _ extending a rally that began Thursday _ as investors were heartened by a temporary ban on short selling and the federal government's plans to help rescue banks burdened by souring mortgage debt. AIG: Where does it stand, and how am I affected? The financial problems at American International Group Inc. may be causing you great concern if you hold an AIG life, health, home or auto insurance policy, or have an annuity with the company. Insurance industry executives and analysts say there's little for policyholders to worry about today, but they're watching the situation carefully. Insurance stocks rally on government's moves CHARLOTTE, N.C. Shares of insurance companies surged Friday _ extending a rally that began Thursday _ as investors were heartened by a temporary ban on short selling and the federal government's plans to help rescue banks burdened by souring mortgage debt. Vt. pension funds lose money on Lehman, AIG stock State Treasurer Jeb Spaulding says the plummeting stock values of the Lehman Brothers investment bank and insurance company AIG Inc. have cost Vermont's public pension funds about $6.5 million. Regulators shut down a small W.Va. bank WASHINGTON Federal regulators have shut down Ameribank Inc., a small bank in West Virginia, saying it overextended loans for the rehabilitation of distressed properties. It was the 12th failure this year of a federally insured bank. The Federal Deposit Insurance Corp. has been appointed receiver of the bank, based in Northfork. It had $115 million in assets and $102 million in deposits as of ... |