Insurance
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TORONTO, Feb 3- After ringing up share-price gains last year that led the market, Canada's life insurers look ripe for a setback even if they post blockbuster quarterly results over the next couple of weeks.
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WASHINGTON, Feb 1- The Obama administration on Friday sought to settle a dispute with some religious leaders over the inclusion of contraceptives in employees' health insurance plans by proposing to separate birth control from other benefits.
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WASHINGTON, Feb 1- The Obama administration on Friday offered a compromise on controversial new health care rules that would allow religious employers to exclude contraceptives from health insurance for their employees, but would still guarantee those employees access to free coverage for birth control.
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OLYMPIA, Wash.-- Abortion rights supporters and opponents packed a Washington state House hearing Thursday and debated a measure that would require insurers to pay for the procedure.
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Travelers has been raising insurance premiums for three years because of severe weather patterns, said Chairman and CEO Jay Fishman told CNBC.
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Payment for shares made in cash- HSBC. HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, allowing completion of the biggest equity purchase in the country by a foreign investor.
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Jay Fishman,The Travelers Companies chairman & CEO, talks about his company's growth plans, and sheds some light on the depth and impact of the nation's debt crisis.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal. Ping An announced the approval in a filing on the Shanghai stock exchange just hours before a deadline for a decision.
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*China brokers, insurers lead afternoon A-share climb. *China property weak on fears of more curbs. HONG KONG, Feb 1- China shares closed out their best week in 15 months, helped by an afternoon surge on Friday that also lifted the Hong Kong market from earlier losses rooted in news an official survey of manufacturing activity in China lagged expectations.
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WASHINGTON, Feb 1- The Obama administration laid out its blueprint for providing contraceptive coverage for employees at nonprofit religious organizations on Friday, proposing rules that would contain benefits within separate individual insurance plans without cost to the employer.
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WASHINGTON, Feb 1- Only 11 of the 50 U.S. states have moved to implement new consumer safeguards under President Barack Obama's healthcare law, raising questions about how major health insurance reforms will be enforced, a report released on Friday says.
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WARREN, N.J.-- Property and casualty insurer Chubb Corp. on Thursday said fourth-quarter net income dropped 77.4 percent as it suffered heavy costs related to Superstorm Sandy. Chubb bought back 369,900 shares at a total cost of $28 million, or an average cost of $76.54 a share, during the fourth quarter.
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Goldman Sachs analyst Matthew Borsch asked Aetna officials about this possibility during a Thursday morning conference call to discuss the insurer's fourth-quarter. The insurer earned $190.1 million, or 56 cents per share, on $8.96 billion in revenue, not counting one-time items. Aetna Chairman and CEO Mark Bertolini responded to Borsch.
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PORTLAND, Ore.-- A worker came from the IT department of a Central Oregon health insurance business a few years ago to fix an email problem for the CEO.
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Shawn Guertin, who has been with Aetna since 2011 and was previously CFO of Coventry Health Care Inc, which Aetna is buying, will replace Zubretsky on Feb. 25. The Hartford, Connecticut company announced plans in August for the $5.6 billion acquisition of Coventry, part of a strategy to expand in government-sponsored healthcare programs like Medicare.
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Jan 31- Aetna Inc said on Thursday that fourth-quarter earnings fell sharply, as costs rose in parts of its employer-based insurance business and as it took charges for settling litigation involving its payment practices for out-of-network care.
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Shawn Guertin, who has been with Aetna since 2011 and was previously CFO of Coventry Health Care, which the company is buying, will replace Zubretsky on Feb. 25. Aetna announced plans in August for the $5.6 billion acquisition of Coventry Health Care Inc, part of a strategy to expand in government-sponsored healthcare programs like Medicare.
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Jan 31- Aetna Inc said on Thursday that fourth-quarter earnings had fallen sharply as it took charges for settling litigation and costs rose in parts of its employer-based insurance business. Aetna said net income had declined to $190.1 million, or 56 cents per share, from $372.6 million, or 97 cents per share, a year earlier.
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*Global Aerospace backed by Berkshire, Munich Re. LONDON, Jan 30- Boeing Co has some insurance in case its aircraft are grounded, but it is far too soon to say whether the problems with the 787 Dreamliner will lead to significant claims, the head of the planemaker's lead insurer said on Wednesday.