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News For: Scudder AnnuitiesSome 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. The outlook on low-risk investments isn't so bad Investors who stash their cash in money market funds, certificates of deposit or fixed-rate annuities aren't looking for big gains. They just want to protect their principal and earn a little bit of interest. Several Firewalls Now Protect Investors from AIG, Lehman Failures Global insurance giant AIG sold more than $10.8 billion worth of annuities in the second quarter of 2008���more than any other insurer���and Lehman Brothers' Neuberger Berman mutual funds managed more than $250 billion. NAVA Reports Second Quarter Variable Annuity Industry Data NAVA, the Association for Insured Retirement SolutionsR, 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. Net assets decreased by 3.3% relative to the second quarter one year ago. Citigroup May Sell Primerica to Flowers, Protective (Update2) 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. 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. Local banks stable amid flailing economy Bad news is flying thick and fast recently concerning the United States economy, but in Goshen County things have remained steady, according to several local banks. Questions, answers for worried AIG policyholders AIG's reach in the economy is huge: It ranks among the top writers of automobile insurance, commercial insurance and life insurance. It led the nation in fixed annuities sold through banks, writing more than $5 billion in 2007. U.S. TRIES TO PREVENT ECONOMIC MELTDOWN WASHINGTON -- Some Louisiana members of Congress say they'll need to see more specifics before deciding whether to support an unprecedented government intervention to stabilize the economy, including the purchase of hundreds of billions of dollars worth of risky loans to stabilize banks and restore credit options to homeowners and businesses. A.M. Best Revises Rating Outlook of U.S. Life/Health Companies to Negative The severe dislocation in the capital markets, fueled most recently by the bankruptcy filing of Lehman |