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News For: Pacific life Variable AnnuitiesNAVA Reports Second Quarter Variable Annuity Industry Data RESTON, Va.----NAVA, the Association for Insured Retirement Solutions��, today announced second quarter results for the variable annuity industry. The combined net assets of U.S. variable annuities increased 0.1% to $1.41 trillion at the end of the second quarter, as compared with the end of the first quarter of 2008. Some sales of AIG annuities on hold Dozens of banks have suspended sales of AIG annuities, a sign of the challenge the company faces holding onto business a week after the government took it over. Citigroup May Sell Primerica to Flowers, Protective (Update1) Sept. 24 -- Citigroup Inc. , the U.S. bank seeking to shed assets, may sell its Primerica life insurance unit to J.C. Flowers & Co. and an Alabama insurer, people with knowledge of the talks said. Life insurance industry���s revenue is growing steadily THE life insurance industry revenue grew by 14% during the first half of this year compared to the same period last year, despite a slowdown in consumer spending due to high inflation and interest rates. AIG debacle raises red flags that need checking on your policies Whether you have insurance policies through AIG or another company, the events of last week should serve as a red flag about the safety of your annuities and life insurance policies in these volatile economic times. Halsey pulp mill workers still seek contract In June, workers left unemployed by Pope & Talbot's bankruptcy felt lucky to have their jobs back after an out-of-town investor purchased the Halsey pulp mill and brought it back to life. UAE c.bank says banks can repo certificates DUBAI, Sept 25 Reuters - The United Arab Emirates Central Bank said on Thursday banks could repurchase all certificates of deposit with life of 14 days or more. Australia, Peru, Vietnam want to join trans-Pacific free trade deal US Trade Representative Susan Schwab at an OECD press event in Paris. Australia, Peru and Vietnam have expressed interest in joining a budding Asia-Pacific tariff-busting plan which has received a boost with the participation of the United States, officials have said. |