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Archive | April 4, 2013

SEC Allowing Social Media

The Securities and Exchange Commission made an announcement Tuesday that they will now allow public companies to use social media in place of more formal websites for announcements.  According to an article written by Marcy Gordon “An SEC rule requires that all investors receive significant company information at the same time.  By allowing businesses to  Full Article…

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American Family getting out of variable life, variable annuity business

Madison-based American Family Insurance will no longer service variable universal life insurance policies and variable annuities. The company signed an agreement to transfer its remaining portfolio of about 34,350 such policies and contracts to Kansas City Life Insurance Co., subject to review by the Wisconsin Office of the Commissioner of Insurance.   American Family’s life insurance affiliate, known as  Full Article…

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