Insurance Rates & Quotes News
MGIC added $1.2B in mortgage coverage in August (AP)
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.
CNA Financial transfers environmental liabilities (AP)
AP - Commercial insurer CNA Financial Corp. said Tuesday that it has completed its transfer of $1.6 billion of asbestos and environmental pollution liabilities to a subsidiary of Warren Buffett's Berkshire Hathaway Inc.
Dead soldiers' parents sue insurer over benefits (AP)
AP - The parents of six deceased U.S. soldiers are suing Prudential Financial, saying it paid paltry interest on military life insurance benefits while keeping more generous interest earnings for itself.
Health Net Inc. Director Thomas Farley dies (AP)
AP - Health insurer Health Net Inc. said Thursday that board member Thomas Farley died earlier in the week at the age of 75.
Insurer Humana names CEO McCallister as chairman (AP)
AP - Health insurer Humana Inc. on Thursday named long-standing CEO Michael B. McCallister as chairman, succeeding David A. Jones Jr. who has resigned from the post but will remain on the board.
China Life says no recent talks with AIA (Reuters)
Reuters - China Life (2628.HK), the world's most valuable insurer, said it has not held talks with AIG since March, despite reports it may be part of a Chinese consortium that aims to buy 30 percent of AIA.
China Life first-half profit up 7.4 percent (AP)
AP - China Life Insurance Co., the country's biggest life insurer, said Thursday its first-half profit rose 7.4 percent as premium growth offset weak stock market returns.
Insurer says Texas financier must pay legal bills (AP)
AP - Jailed Texas financier R. Allen Stanford and two of his former company executives — accused of bilking investors out of $7 billion in a massive Ponzi scheme — lied to investors and falsified financial statements, disqualifying them from having their legal bills paid for by an insurance policy, attorneys representing the insurer told a federal judge on Tuesday.











