Insurance companies are hurting from the high cost of hepatitis C drug Sovaldi. Arthur Caplan, NYU Langone Medical Center, and CNBC's Bertha Coombs, share their opinions.» Read More
*New China Life Insurance drops after report says Temasek sold shares. HONG KONG, July 25- China shares are headed for their best weekly gain in 3-1/ 2 months on Friday, powered by continued strength in blue chips including bank stocks that is helping mainland markets outperform Hong Kong.
MIAMI— Federal officials have capped the amount of money scofflaws will be forced to pay if they don't buy insurance this year at $2,448 per person and $12,240 for a family of five. The penalty for the first year starts at $95 per adult or $47.50 per child under 18, and it can rise to as much as 1 percent of annual household income.
REYKJAVIK, July 24- A group of Chinese investors is in talks with the bankruptcy estate of Icelandic bank Islandsbanki, which was previously known as Glitnir and failed in 2008, over buying a stake in the up-for-sale bank, a finance ministry source said on Thursday.
DARBY, Pa.— Prosecutor: 1 worker dead in suburban Philadelphia hospital shooting; 2 hurt, including gunman.
July 24- U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama's healthcare law, the U.S. Department of Health and Human Services said on Thursday.
July 24- Insurers are expected to hike war risk premiums for airlines following losses due to global conflicts, including the downing of a Malaysia airplane over Ukraine, insurance rating agency A.M. Best Company said on Wednesday.
FRANKFURT, July 23- When Bill Gross eventually retires as chief investment officer of California- based asset manager Pimco, his "Bond King" crown will go with him. Allianz, the German insurer which owns Pimco, wants to ensure that in a post-Gross era the asset manager he co-founded will not be so reliant on the investment decisions of one person.
CHARLOTTE, N.C.— Fortune 500 packaging company Sealed Air Corp. will consolidate management operations from several states and relocate its New Jersey headquarters to the Charlotte area, where it plans to employ nearly 1,300 jobs in three years.
WASHINGTON— Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday.
Microsoft 4 Q earnings hurt by Nokia acquisition Apple's fiscal 3 Q earnings top analyst forecasts Airlines scrap Israel flights over missile fear US stocks climb as earnings reports roll in Contrarian's case: Why US could dip into recession US home sales increase 2.6 percent in June Ackman goes after Herbalife's nutrition clubs Coke's sales miss estimates as Diet Coke flags Bond insurers vow to fight Detroit financial plan Chrysler recalls Jeep SUVs for ignition switches
Airlines scrap Israel flights over missile fear US stocks climb as earnings reports roll in Contrarian's case: Why US could dip into recession US home sales increase 2.6 percent in June Ackman goes after Herbalife's nutrition clubs Coke's sales miss estimates as Diet Coke flags Bond insurers vow to fight Detroit financial plan US job-training review emphasizes data, employers US consumer prices up 0.3 percent in June Lockheed 2 Q profit rises 3.5 percent
Former Green Bay Packer Jermichael Finley has a quandary—take a $10 million disability insurance payout, or continue playing football.
Congress is once again considering the renewal of an act that requires insurers to offer terrorism insurance. The question is – does it need some tweaks?
Saudi stock market to allow foreign investment Contrarian's case: Why US could dip into recession US job-training review emphasizes data, employers Airlines scrap Israel flights over missile fear US home sales increase 2.6 percent in June US stocks climb as earnings reports roll in Bond insurers vow to fight Detroit financial plan US consumer prices up 0.3 percent in June Amid sanctions, France in warship sale to Russia Coke's sales miss estimates as Diet Coke flags
Former NFL players Jack Brewer of The Brewer Group CEO, and "Fast Money" trader Jon Najarian, discuss whether Green Bay Packers Jermichael Finley should collect $10 million tax free thanks to his disability policy.
*Q2 oper earnings $1.93/ shr vs. est $2.07. July 22- Property and casualty insurer Travelers Cos Inc reported a steeper-than-expected fall in quarterly operating profit, hurt by bigger catastrophe losses and a slowing pace of premium rate increases.
July 22- Health insurer Centene Corp reported a 24 percent jump in quarterly profit, beating market estimates for the sixth straight quarter, as member signups surged 23 percent. The company's shares rose as much as 8.5 percent to hit a life high of $81.98 on the New York Stock Exchange on Tuesday. Centene said it had 3.2 million members as of June 30.
LONDON, July 22- Citi has hired Credit Suisse banker Nicolas Desombre to lead its investment bank in France, the latest in a series of senior hires in Europe to help strengthen its operations in the region. In a memo to employees seen by Reuters, Citi said Desombre will also run its global insurance business alongside Gautam Chawla.
July 22- Health insurer Centene Corp reported a 24 percent jump in quarterly profit, beating market estimates for the sixth straight quarter, as the company's premium and services revenue surged after it expanded in Florida, Ohio and California.
*Q2 oper earnings $1.93/ shr vs. est $2.07/ shr. July 22- Property and casualty insurer Travelers Cos Inc's quarterly earnings fell short of analysts' estimates as hail and wind storms in the United States increased catastrophe losses.
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