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Stock Market & Financial Investment News

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June 12, 2013
06:20 EDTPRU, BRK.A, PNX, GNW, ALL, SLF, HIGNY regulator wants moratorium on "shadow insurance" practice, Reuters reports
The New York State Department of Financial Services called for a national moratorium on certain transactions by life insurance companies that potentially put policyholders and taxpayers at greater risk, according to a regulatory report, reports Reuters. The report said that insurance companies use a method known as "shadow insurance" to shift blocks of insurance policy claims to shell companies, often in states outside where the companies are based, or else offshore, to take advantage of looser reserve and regulatory requirements. Reference Link
News For A;HIG;GNW;PRU;SLF;PNX From The Last 14 Days
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July 7, 2015
10:36 EDTPNXPhoenix Companies names Gina Callopy O'Connell Chief Risk Officer
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July 6, 2015
16:53 EDTPNXPhoenix Companies executes reinsurance treaty, expects to de-stack units
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10:24 EDTGNWOptions with increasing implied volatility
Options with increasing implied volatility: UVXY MBI AMBC VIX FIT SRPT VXX GREK SVXY GNW
July 2, 2015
16:36 EDTPNXStandard General reports 6.6% stake in Phoenix Companies
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July 1, 2015
12:55 EDTHIGHartford Financial calls active on ACE Limited acquisition of Chubb
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June 30, 2015
08:03 EDTSLFSun Life Financial to purchase Prime Advisors
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