Insurance Rates & Quotes News
Is Medicare Protected As Overhaul Lingers? (Investor's Business Daily)
Investor's Business Daily - If Congress passes ObamaCare, should retirees be on guard? Not necessarily, says Susan Berson, senior health care industry attorney at the Washington, D.C., law firm Mintz Levin and former general counsel for senior markets at insurer UnitedHealth Group .
The Ambitions of Prudential's Tidjane Thiam (BusinessWeek)
BusinessWeek - According to insiders at Prudential Plc , Tidjane Thiam, the chief executive of the insurer which said last week that it was bidding $35.5bn (23.6bn) to buy AIG's Asian insurance business is a firm believer in emotion over analysis.
Swiss Re puts Chile quake insurance cost at $4-7BN (AP)
AP - Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG.
Dutch fine Fortis for false information (AP)
AP - Belgian insurer Fortis Holding said Wednesday that Dutch regulators fined it euro576,000 ($781,000) for giving incorrect information about the financial situation of Fortis bank, months before it nearly collapsed and sought government rescue.
Insurers' Chile quake hit won't up prices (Reuters)
Reuters - Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices.
Humana CEO compensation for 2009 jumps 26 percent (AP)
AP - Health insurer Humana Inc. paid CEO Michael B. McCallister 26 percent more last year than in 2008, largely because of a $1.8 million performance-related bonus.
Summary Box: Stocks end day of quiet trading mixed (AP)
AP - MODEST MOVES: Stocks ended mixed after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Investors see buyouts as a sign of confidence in the economy.
How the major stock indexes fared on Monday (AP)
AP - Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares rose after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Meanwhile, health care stocks fell after President Barack Obama called for passage of health care legislation.
AIG sells Alico unit to MetLife for $15.5 billion (AP)
AP - American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.
AIG's Greenberg to testify Wednesday on Gen Re (Reuters)
Reuters - Maurice "Hank" Greenberg, the former chief executive of American International Group Inc , will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N), a judge ruled.
