Insurance and Financial News Roundup

A few financial services tidbits from around the nation...

PS: So you won't have to guess when FAN updates occur, simply scroll to the bottom of this page and subscribe. You will then get alerts when there is anything new posted to the blog.-TD

Bill for retiring Boomers derailed

Sacramento -- Insurance companies derailed a bill Tuesday that would have required them to develop rules about selling annuities to persons over 65 years old.

The measure by Sen. Jack Scott, D-Pasadena, was scheduled to be debated by the Assembly Insurance Committee but the author of a rival bill sponsored by the insurance industry made a motion to send Scott's bill to ''interim study'' -- a polite term for killing the measure for the remainder of the legislative session.

The committee approved the motion. Scott said they could conduct the study without him...

Allianz Looks to Improve Its Annuities Practices

Allianz Life Insurance of North America unveiled a series of measures Friday designed to improve customer service in its annuities business.

The initiatives, which include the creation of a "chief suitability officer," come at a time when the Golden Valley-based insurance giant is facing growing legal and regulatory scrutiny about the sale and marketing of variable annuities to senior citizens...

http://www.startribune.com/535/story/1289155.html

Identity Theft Expert Featured on WebCast

(having been a victim of identity theft, the subject always interests me. It is the reason I bought Prepaid Legal protection and encouraged my husband to sell it. If you are in the senior market, you should listen to this interview since seniors are especially vulnerable to being victimized by identity thieves.) If you can't listen to it live, you will probably be able to find it in the www.libertyman.com archives at some point in time.

On Sunday July 8, 2007 at 5pm CST, Mr. John P. Gardner Jr.,
nationally known as an expert on Identity Theft, will be
doing a one hour long live interview with Mr. John Moore.

You can listen in live at www.thelibertyman.com
(CLICK ON LINKS TO GET TO THE LIVE SHOW)

Mr. Moore's radio program is on Sirius radio every Sunday
from 4pm until 6pm and the interview with Mr. Gardner is
scheduled to start at 5pm CST.

Interesting article on small caps from the Motley Fool


These Stocks Will Burn You

By Rex Moore July 7, 2007

In his article "The Market's 10 Best Stocks," my colleague Tim Hanson pointed out the benefits of searching for the next multibagger success stories among the smallest of companies.

And I agree with him: The best stocks of the next decade will not be huge companies today. Why not? This chart should explain. Look how large each of these solid businesses would become if they increased just 10 times in value over the next decade....