Wednesday, March 12, 2003

Fixed Rate Annuities On the Way Out
Fixed-Rate Annuities, currently pegged at a minimum 3%, will float, based on a recent decision of the National Association of Insurance Commissioners. The float will be based on the yield of a five-year constant-maturity Treasury note. Utah's Insurance Commissioner, Merwin Stewart, headed the committee that made the decision.
[Wall Street Journal (Registration Required)] comments or questions [] 9:19:02 AM

States Scrap Primaries
Colorado, Missouri, Kansas, Arizona, and Utah are looking to scrap costly primaries. The Utah Legislature in their recent session voted to cancel funding for the 2004 primary, saving $600,000.
[WXXA - Albany NY (via AP)]
comments or questions [] 9:12:21 AM


© Copyright 2003 Craig Neilson .
Last update: 4/1/2003; 9:33:42 AM .

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