Although large employers are committed to providing their workers with health benefits now, the looming 'Cadillac' tax raises questions about the future.» Read More
Feb 17- A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings is close to buying health insurance claims processor MultiPlan Inc for about $4.4 billion, the Wall Street Journal said.
The issue in front of federal bankruptcy Judge Steven Rhodes is whether a pledge of Detroit tax revenue to pay off the voter-approved bond issues is a binding obligation under Michigan law, as argued by bond insurers in two lawsuits, or merely a promise.
HONG KONG, Feb 17- Hong Kong shares closed at their highest in three weeks on Monday, thanks to robust Chinese bank lending data and a rally by mainland insurers after China Life Insurance reported strong January premium growth.
Richard Holt, regional economist at Capital Economics, discusses the economic impact of the severe floods that have hit the U.K.
*Daqin Railway sheds early gains despite policy news. HONG KONG, Feb 17- Hong Kong shares hit their highest in three weeks early on Monday, led by insurers which posted strong January premium growth and helped by robust China bank lending data.
Tax returns, wills, performance reviews and résumés. Digital age or no, those documents have to be completed.
NEW YORK, Feb 13- The only three insurance companies in Louisiana that sell healthcare policies under President Barack Obama's healthcare law throughout the state are rejecting payments from a federal program intended to help low-income HIV patients, advocacy groups said on Thursday.
*AIG raises quarterly dividend to 12.5 cents per share. Feb 13- Insurer American International Group Inc on Thursday raised its quarterly dividend by 25 percent and reported it swung to a profit in the fourth quarter, compared with a year-earlier loss, sending its shares up in after-market trading.
TORONTO, Feb 13- The profits of Canadian life insurers grew in the fourth quarter, as higher returns from growing wealth management units offset uneven insurance sales, highlighting a shift in business as the companies cut risk in the wake of the financial crisis.
Feb 13- Insurer American International Group Inc posted a fourth-quarter profit, compared with a year-earlier loss, and raised its quarterly dividend. The company reported net income of $1.98 billion, or $1.34 per share, for the quarter ended Dec. 31, compared with a loss of $3.96 billion, or $2.68 per share, a year earlier.
American International Group posted earnings excluding items of $1.15 per share on revenue of $8.62 billion, beating Wall Street estimates.
*Zurich books $318 million in restructuring costs in Q4. ZURICH, Feb 13- Zurich Insurance missed profit expectations in the fourth quarter due to restructuring charges, and said the total cost of an overhaul of its business would be about $600 million- the upper end of its forecast range.
TORONTO, Feb 13- Manulife Financial Corp reported a 20 percent rise in fourth-quarter profit as stronger mutual fund sales and a C $350 million gain on the sale of its Taiwan insurance business offset weaker insurance sales, but results still fell short of estimates.
TORONTO, Feb 13- Manulife Financial Corp on Thursday reported a 20 percent rise in fourth-quarter profit as Canada's largest life insurer booked a C $350 million gain on the sale of its Taiwan insurance business last year.
Martin Senn, CEO of the Zurich Insurance Group, says the group's profit miss is due to restructuring charges and that it has "very strong cash flow" and "solid results."
Feb 12- MetLife Inc, the largest U.S. life insurer, reported a better-than-expected nine-fold rise in quarterly profit, helped by lower claims and a smaller loss on its derivatives program.
Jeremy Haynes, insurance partner at Deloitte, says that if the flooding in the U.K. continues, the costs to insurers could surpass $1 billion.
*Diageo, Beiersdorf, Prudential tipped for recovery. LONDON, Feb 11- A two-week sell-off in European shares exposed to emerging economies is luring investors to firms caught up in the storm and that now trade at unusually low prices, such as drinks giant Diageo and insurer Prudential.
HONG KONG, Feb 11- Hong Kong shares posted their best daily gain in nearly three months on Tuesday, as investors covered short positions in Chinese insurers and energy plays on optimism that Beijing will unveil more plans that could spur earnings growth in some sectors.
*Hong Kong and H-shares at one-week high on policy optimism. HONG KONG, Feb 11- Hong Kong shares are set to post their best daily gain in nearly 3 months on Tuesday, led by Chinese insurers and energy counters on optimism that Beijing will likely unveil more policy that could favor earnings growth in some sectors.