NEW ORLEANS—William J. Kelly, president of WJK Advisory L.L.C. and former president of the Risk & Insurance Management Society Inc., was awarded the Harry and Dorothy Goodell Award during Monday’s opening session of the society’s 2007 conference in New Orleans. The award is the highest honor...
April, 2007
Genworth Financial today announced the launch of the newest addition to its portfolio of long term care planning solutions -- Cornerstone Advantage.
Cornerstone Advantage's unique design and innovative approach helps expand the long term care insurance market to a much larger consumer base and makes long term care protection a more "mainstream" insurance solution -- much like auto, life and health insurance.
Genworth Financial Launches New "Cornerstone Advantage" Long Term Care Insurance Product
Source: PR Newswire
Genworth Financial today announced the launch of the newest addition to its portfolio of long term care planning solutions -- Cornerstone Advantage.
Cornerstone Advantage's unique design and innovative approach helps expand the long term care insurance market to a much larger consumer base and makes long term care protection a more "mainstream" insurance solution -- much like auto, life and health insurance.
Genworth Financial Launches New "Cornerstone Advantage" Long Term Care Insurance Product
Source: PR Newswire
For plan sponsors, getting associates to enroll in their company-sponsored 401(k) plan can be one of the most challenging aspects of managing the plan. With an associate's income earmarked for so many things, saving for retirement often conflicts with more immediate goals like buying a new home, saving for college or paying off debt. To help plan sponsors simplify the retirement planning process for their associates, Nationwide Financial Services, Inc, has overhauled its end-to-end enrollment experience.
Source: Yahoo! Finance
Nationwide Financial Redefines 401(k) Enrollment
For plan sponsors, getting associates to enroll in their company-sponsored 401(k) plan can be one of the most challenging aspects of managing the plan. With an associate's income earmarked for so many things, saving for retirement often conflicts with more immediate goals like buying a new home, saving for college or paying off debt. To help plan sponsors simplify the retirement planning process for their associates, Nationwide Financial Services, Inc, has overhauled its end-to-end enrollment experience.
Source: Yahoo! Finance
Nationwide Financial Redefines 401(k) Enrollment
PHOENIX—Employers with captive insurance companies domiciled outside the United States could set up branch captives in Arizona to fund employee benefit risks under legislation signed last week by Gov. Janet Napolitano. The branch captive concept is appealing to employers that want to fund benefit...
It's a rule of thumb that's been repeated so often it's become accepted wisdom: If you want to be financially set in retirement, you should save 10 percent of your salary each year.
The 10 percent solution has simplicity going for it. And the fact that it's invoked so frequently lends it a certain air of authority. But will following this strategy guarantee you a secure retirement?
Source: Yahoo! Finance
Saving 10% of Income Might Not Suffice for Contingencies
It's a rule of thumb that's been repeated so often it's become accepted wisdom: If you want to be financially set in retirement, you should save 10 percent of your salary each year.
The 10 percent solution has simplicity going for it. And the fact that it's invoked so frequently lends it a certain air of authority. But will following this strategy guarantee you a secure retirement?
Source: Yahoo! Finance
Saving 10% of Income Might Not Suffice for Contingencies
NEW YORK—Property/casualty insurer Alleghany Corp. said Monday it has reached agreement to acquire Employers Direct Corp., an Agoura Hills, Calif.-based workers compensation insurance holding company, for $190 million. Employers Direct, founded in 2002, writes California workers comp insurance...
Filed under: Deals, NYSE Group (NYX)Across the globe, stock exchanges are scrambling to bulk up their operations. This means shelling out billions and billions for acquisitions.The latest deal: Deutsche Boerse AG wants to pay $2.8 billion for the International Securities Exchange Holdings, Inc. (NYSE: ISE). The ISE holds the second largest options market in the U.S. What's more, it has a very sophisticated electronic platform, which, no doubt, is a critical asset. Also, the options business is high margin.As for Deutsche Boerse, it has the Frankfurt stock exchange and a nice business in derivatives. All in all, it's a pretty good fit and should help blunt the competition from Nasdaq and the NYSE Euronext, Inc. (NYSE: NYX).The bid is at $67.50, a juicy premium of over 40% -- ...
