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News For: Variable Annuities ComparisonWisconsin 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. 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. Morgan move cools Wachovia merger talks A possible Wachovia-Morgan Stanley merger took an unexpected turn Monday when the New York investment bank instead sold a 20 percent stake in itself to a Japanese bank. The development came as Morgan Stanley and Goldman Sachs ��� the last two major standalone investment banks ��� received approval on Sunday to convert to bank holding companies. This means the Wall Street stalwarts will now face the ... CREDIT CRUNCH The term "credit crunch" has come to define current business conditions much as hedge fund did just a few years ago, but mostly with a vague definition framed by anecdotes. Domestic banks may join bailout list Canada's banks expected to push to be included in efforts that will buy risky exposures from financial institutions |