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News For: Variable Annuities American ScandiaChuck Bennett: Arab American and Chaldean Council holds awards gala Stunningly dressed in a gold silk taffeta suit, Comerica Bank Senior Vice President of Business Affairs Linda Forte took the stage at the Arab American and Chaldean Council's ACC 29th annual Civic and Humanitarian Awards Gala, held at the Detroit Marriot Renaissance Center. Loss Of Face Could Mean Losses For AIG In Japan After coming close to bankruptcy, the insurer is facing a crisis of confidence among its notoriously skittish Japanese customers. Global banks to be included in U.S. bailout Foreign banks, which were initially excluded from the plan, lobbied successfully over the weekend to be able to sell the toxic U.S. mortgage debt owned by their American units to the Treasury, getting the same treatment as U.S. banks. Pressure on variable annuities Variable annuity providers will suffer as the price of derivatives rises, predicts Hargreaves Lansdown head of pension research Tom McPhail. ... 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. 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. Foreign Banks Hope Bailout Will Be Global The American bailout plan, which originally excluded foreign banks with U.S. units, may expand, a move that could raise its cost and intensify scrutiny by Congress and critics. Freddie and Fannie bank losses grow US regulators have underestimated potential bank losses on preferred stock issued by Fannie Mae and Freddie Mac , the American Bankers Association said on Monday. Annuities can help you diversify With Wall Street quite volatile, many are wondering if they should keep their investments playing in the stock market. If your financial plan is suited to your needs, you should be able to stay the course. You may, though, want to consider other options if you haven't already like annuities. FOX Toledo's Kristi Leigh continues her report on non-market investing. U.S. weighs bailout of foreign banks, too The American bailout plan may expand to include foreign banks, a move that could raise its cost and intensify scrutiny by Congress and critics. |