TITLE

Court ruling raises the heat in feud between insurers, banks

AUTHOR(S)
Levert, Lee
PUB. DATE
January 1995
SOURCE
New Orleans CityBusiness (1994 to 2008);1/30/95, Vol. 15 Issue 30, p13
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Discusses the issues surrounding the United States Supreme Court's ruling that national banks may engage in the sale of annuities which is a traditional insurance product. Arguments by the insurance industry against the ruling; Factors that led banks to engage in the sale of annuities; Impact of the ruling on the financial services market.
ACCESSION #
9502240146

 

Related Articles

  • Mass. decides EIPs are fixed contracts. Connolly, Jim // National Underwriter / Life & Health Financial Services;7/6/98, Vol. 102 Issue 27, p1 

    Discloses that the Massachusetts Division of Insurance has ruled that insurers selling equity indexed annuities in the state can also sell it as fixed products. Previous state law treating the contracts as variable insurance products; Companies affected by the initial decision; Impact of the...

  • Downhill From Here: The 151A Legacy, and New Challenges for Indexed Annuities. Pellett, Christina // Agent's Sales Journal;Feb2011, Vol. 14 Issue 2, p22 

    The article focuses on the imposition of rule 151A which considers indexed annuities (IAs) as securities. It says that the Coalition for Indexed Products, a group of insurers, filed a law suit designed to block rule 151A. Tony Compton of Topeka says that the rule prompts insurers to get their...

  • Hudson, Wachovia, S&T Lead New Forays Into Marketplace. Morris, Gregory // Bank Investment Consultant;Oct2002, Vol. 10 Issue 8, p40 

    Reports the growth of the three regional banks in the insurance marketplace in the U.S. Opportunities to acquire insurance agencies; Building of infrastructure and referral system; Emphasis on the component of financial-services industry.

  • Banks and insurance: Doing it right. Graham, John R. // U.S. Banker;Jan2000, Vol. 110 Issue 1, p64 

    Focuses on how banks should purchase insurance companies in the United States. Insurance agencies' attraction and retention of customers; Need for the establishment of relationship between bankers and insurance agents; Need for focus on marketing.

  • Bank/insurance rivalry inches toward conciliation. Gettlin, Robert H. // Best's Review / Life-Health Insurance Edition;Jul96, Vol. 97 Issue 3, p10 

    Comments on the dispute between the banking and insurance industries over the issue of financial services reform. Decision of legislator not to support any side; Code issues involved in the dispute; Steps taken by both sides towards accommodation.

  • Wealth effects of banks' rights to market and originate annuities. Cowan, Arnold R.; Howell, Jann C.; Power, Mark L. // Quarterly Review of Economics & Finance;Summer2002, Vol. 42 Issue 3, p487 

    Examines wealth effects of bank rights to sell and underwrite annuities for banks and insurers in the U.S. Assessment of costs and benefits of legislative, regulatory and judicial actions supporting financial convergence; Cross-sectional analysis of stock-price reactions.

  • The Start-Your-Own-Agency Option .  // American Banker;10/1/2002, Vol. 167 Issue 188, p1 

    Discusses why some banks getting into the business gave decided to start their own insurance agencies in the United States. Reason for successful cross-selling of commercial property/casualty insurance to small business by banks.

  • Counting beans not enough to value an agency. Moore, Michael O'D. // American Banker;9/1/1998, Vol. 163 Issue 167, p13 

    Focuses on difficulties that banks encounter in determining the value of independent insurance agencies to their banking operations. Issues that should be considered when determining the value of agencies to banking companies; Why average agencies are not good acquisition targets;...

  • Vying for Annuity Share, Insurers Sell Partnership. Reich-Hale, David // American Banker;5/2/2001, Vol. 166 Issue 84, p1 

    Reports on the trend among insurance companies in the United States to sell partnership assets with banks. Influence of the drive for product and service innovations on the trend according to industry observers; Challenge set for insurers in setting up proprietary annuity products.

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics