Insurance Rates & Quotes News
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.














