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News For: Usps AnnuityWill the Rescue Package Protect Your Savings? Readers deluged columnist Brett Arends in the last week, desperate to know if their life savings and even bank accounts were safe. If this comprehensive new rescue package goes through, the good news is: Yes, you should be safe. How AIG's turmoil affects you The financial problems at American International Group may be causing you great concern today if you hold an AIG life, health-, home- or auto-insurance policy, or have an annuity with the company. Americans 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. Some say there's little for AIG policyholders to worry about The financial problems at American International Group Inc. might be causing you concern if you hold an AIG life, health, home or auto insurance policy or have an annuity with the company. Wisconsin 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. 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. Banking and Financial In response to current financial market events, we are re-circulating the content of two Client Alerts originally published earlier this year regarding broker-dealer bankruptcies. Proskauer's Broker-Dealer team is available to consult with you on these rapidly developing market events. Fitch Discusses AIG Rating Watch Revision in Light of Federal Reserve Actions CHICAGO----Earlier today, Fitch Ratings revised its Rating Watch on American International Group, Inc. and its subsidiaries to Evolving from Negative following the announcement that its board has approved a transaction under which the Federal Reserve Bank of New York will provide AIG with a two year $85 billion secured revolving credit facility. Marketing Alliance profit up 18% in Q1 The Marketing Alliance Inc. said Monday that growth to its carrier network and annuity business pushed revenue up 32 percent in the first quarter of fiscal 2009. Broker tips: Woolworths, X5, Just Retirement LONDON SHARECAST - Disappointing first-half figures from Woolworths prompted Landsbanki to maintain its ���reduce��� rating on the high street store. The company posted a record loss of ��99.7m in the half year to end July, up from ��63.8m. |