On Friday May 13, 2011, the Bureau of Labor Statistics released its most recent report on changes in the Consumer Price Index (CPI), the primary gage of inflation used in the U.S. Despite a modest uptick of 0.4%, the demand for and the price of gold has remained stable. Some industry experts had expressed...
Read More »
American Insurance Group, the largest beneficiary of the massive federal bailout program two years ago, last week took another step towards closing out its debt when the company repaid about $6.9 billion of the amount it still owes the government Treasury. The insurance giant paid the money after selling off the shares that it...
Read More »
It is often amazing what one person can do. One example of this is when an 81 year old investor from Blue Eye, Missouri, liquidated a variable annuity. He then filed a complaint that AG Edwards could not show that variable annuities, sold by them, were in compliance with the company’s procedures. Because of...
Read More »
Japan’s earthquake and escalating nuclear threat have caused huge after shocks in the financial markets. Most recently, global insurers AIG, Prudential and MetLife have started to feel the pressure. To date, Japan’s earthquake has caused an estimated loss of almost $25 billion. This could shape up to be one of the most expensive disasters...
Read More »
The insurers who will face the most financial trouble as a result of the earthquake in Japan include Berkshire Hathaway, Chubb Group, and, once again, American Insurance Group. Paul Newsome, an analyst at Sandler O’Neill + Partners. According to Newsome, these particular insurance companies announced that they had been exposed to the damage that...
Read More »
Prudential Capital Group, a provider of business capital to companies and enterprises worldwide, announced in February that it intends to position about $10 billion in much needed financing to companies during 2011. This figure is a bit higher than the total amount of capital placed by the company last year ($9.8 billion). The company...
Read More »
Stock markets tumbled after the Japanese quake that registered 9.0 on the Richter scale. The full scope of the disaster has not yet been determined. Reactors in the city of Fukoshima are managing to avert meltdowns, but the crisis has not ended. An erupting volcano adds to the woes caused by the earthquake and...
Read More »
Reports released by Citigroup’s analysts in late February have revised their expectations for the Prudential Insurance Company of America (PRU), one of the largest issuers of insurance products and annuities. The previous communication from Citi regarding the insurer’s outlook had lower projections regarding the company’s earnings per share and the pricing of its stock....
Read More »
Allianz Life Insurance Company of North America (Allianz Life) had a great ending to their 2010 fiscal year. With profits of approximately $472 million posted and continued strong sales, Allianz looks to continue the trend into 2011. The Allianz Life Annuity was one of the insurance products contributing to their profitable year, as customers...
Read More »
On Thursday the 24th of February, 2011, the trading volume of shares for American Equity Investment Life Holding (AEL) were unusually high. Compared to the previous session, the number of trades spiked by over 21 percent to a total of more than 570,000 trades. At the end of the session, the stock was trading...
Read More »
If you are interested in joining our mailing list, please submit your email below.
