Legal

Illinois taxpayers will pony up at least $130 million extra in interest payments for a bond sale this week due to lowered credit ratings because lawmakers have failed to solve the state's $97 billion pension crisis.

The lawsuit claims former AIG CEO Maurice "Hank" Greenberg and former chief financial officer Howard Smith engaged in accounting fraud meant to dress up the insurance giant's books.

Long-awaited revisions of the Department of Labors fiduciary rules remain months away.

The plaintiffs alleged that CIGNA operated the 401(k) plan not in the best interests of employees, as required by ERISA, but for the benefit of CIGNAs bottom line.

Insurer Sun Life Financial Inc. said Friday that the sale of its U.S. annuities business to Delaware Life Holdings LLC is likely going to be delayed because it hasn't yet received regulatory approval.

Umbrella and charitable directors and officers insurance can provide protection for boomers who want to give back.