Nor did it have any capital in the holding company that sold these financial insurance policies.
But are the Bermudan pair right that the future lies in the development of non-traditional, financial insurance?
Since the financial crisis insurance costs have doubled from an average of roughly 0.12% of assets a year to 0.24%.
FORBES: Worried About A Bond Bubble? Consider A Stable Value Fund For Your 401(k)
It has adjusted UK gross value added, a measure of economic output, to exclude energy extraction and use, and also financial and insurance activities.
At the same time, none of the nearly two dozen financial, insurance and law firms seeking space that his firm tracks are looking to expand, and many are shrinking.
Financial and insurance services are another sector watching the independence debate very carefully, because there is so much cross-border regulation and the dominant share of markets south of the border.
It has a relatively low cost of living, an educated workforce (the University of Iowa is two hours away), and it's a Midwest financial and insurance center, home to many banks' refinancing operations.
Orix is also building a database aimed at luring 300, 000 individuals over the next few years with phone-delivered financial planning, investments, insurance and other financial services.
The National Association of Insurance Commissioners is now requiring climate change risks to be included when examiners audit the financial condition of insurance companies.
FORBES: Rethinking Our Place In A Post-Hurricane Sandy World
At the bottom of the list: Genworth Financial, which offers mortgage insurance and other consumer financial products.
Every broker, financial advisor and insurance agent wants a piece of the doctor market.
LinkedFA is a social networking site strictly for financial advisors, insurance professional and investors.
FORBES: SEC Wants To Follow You On Twitter, Facebook, LinkedIn, YouTube...
Still, some financial advisors favor insurance as a way to manage continuing high dental costs.
Unlike many forms of financial commerce, insurance is not regulated at the federal level but by individual states.
The export surplus in financial services and insurance was 2.6% of GDP in the first three quarters of 2011.
Because bankruptcy laws attempt to overcome this market failure, they are, in effect, a state-imposed system of universal financial-distress insurance.
This is a concept that too few financial advisors and insurance agents grasp when they oversell insurance or investments for retirement.
FORBES: How Wall Street Unloads Its Risk On Unsuspecting Savers
The company charges a fee but it can help track down a wide variety of financial assets including insurance polices and pensions.
Ideas such as financial planning and insurance coverage can be foreign concepts to those from families or home countries where it was not common.
FORBES: Big Data Shows The Growing Influence of Hispanics Will Change Business Models
And what do single women want? (We should ask them.) A first guess is security in all its forms: banking, financial services, insurance, not to mention padlocks.
He suggests investors put assets into firms that provide a wide range of financial services and insurance and pare back on holdings in the auto and retailer sectors.
He points to bank deregulation in 1999, which allowed non-bank financial companies (insurance firms, brokers and the like) big users of credit to own banks for the first time since the Depression.
The hidden financial arrangements these insurance brokers have with health insurance companies also are pervasive throughout the industry, add significantly to the cost of such coverage, and are easily concealed from customers.
The company's industry segments are primarily financial services and insurance comprising enterprises providing banking, finance and insurance services, manufacturing, enterprises in the energy, utilities, communication and services and retail, consumer packaged goods, logistics and life sciences.
For years, CPAs have been referring business to financial planners and insurance agents, and in the past ten years there has been a trend to bring those professionals in-house instead of referring this business away from their firms.
FORBES: Red Flags: How to Know When Your CPA Isn't Really Working For You
His top choices in the group are Hartford Financial Services (HIG), one of the largest U.S. multi-line insurance holding companies and a leading property-and-casualty insurer, and Prudential Financial (PRU), which provides a wide range of insurance, investment management, and other financial products and services.
FORBES: Ray of Optimism: Energy, Durable-Goods, And Insurance Stocks Are Irresistibly Inexpensive
MetLife, one of the largest insurance providers in the U.S., competes with AIG and Hartford Financial to provide life insurance, health insurance, retirement planning products and auto and home insurance to both consumers and corporations.
And while the inescapable and obvious result is that increased financial pressure is placed on the private health insurance system at the expense of removing some of the financial pressure on the government run Medicare system, what may not be quite so obvious is the additional financial pressure placed on even the youngest and healthiest people in the private health insurance pools.
Other competitors in the financial sector include: HCC Insurance Holdings, Inc. (HCC), American Financial Group (AFG), and RLI Corp. (RLI).
Another similarity between Buffett and Combs: an affinity for financial companies, particularly insurance firms.
应用推荐