Allianz Life Awards $475,000 to Local Organizations Supporting Financial Literacy
Allianz Life Insurance Company of North America today awarded $275,000 in financial literacy grants to 15 organizations throughout the Twin Cities area. Organizations providing financial literacy and retirement planning education received grants ranging from $5,000-$25,000.

Bank of America sells Balboa Life to Securian
Bank of America Corp. has reached a deal to sell its Balboa Life Insurance Co. unit to Securian Financial Group Inc. a privately held insurance and retirement planning company based in St. Paul, Minn.

Fitch Affirms MassMutual Ratings; Outlook Remains Stable
Fitch Ratings has affirmed all ratings on Massachusetts Mutual Life Insurance Company and its wholly owned domestic insurance subsidiaries . The Rating Outlook is Stable.