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
A bill that would force ridesharing companies to buy more insurance was approved by the California State Senate Insurance Committee.
Since Detroit filed the biggest municipal bankruptcy in U.S. history last July, Syncora has objected to the city's moves nearly every step of the way- from an early agreement with investment banks over interest rate swaps to the more recent "grand bargain" designed to save the Detroit Institute of Arts.
NEW YORK, June 26- U.S. healthcare companies are winning higher profit forecasts, bucking a wider trend on Wall Street, as pricey new biotech drugs hit the market and insurance enrollment rises under the Affordable Care Act.
HONG KONG, June 25- The index of Chinese companies listed in Hong Kong edged down to a one-month closing low on Wednesday, weighed down by China banks and insurers, while the benchmark index remained tepid. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong shed 0.7 percent at 10180.05 points, its lowest since May 27.
TOKYO, June 24- Prime Minister Shinzo Abe will announce steps aimed at weakening Japan's powerful farming cooperative as part of a reform package on Tuesday, but the plan has been watered down after lobbying and lacks details. Reforms unveiled last year failed to excite investors and led to a decline in Japan's stock market.
Franklin Lakes, New Jersey- based Western World offers auto and property insurance and, within Validus, it will operate as an independent business led by its current management team. Validus provides reinsurance and insurance services and operates through its three Bermuda- based units- Reinsurance Ltd, Talbot Holdings Ltd and AlphaCat Managers Ltd..
June 23- Reinsurer Validus Holdings Ltd said it would buy specialty insurer Western World Insurance Group Inc for about $690 million in cash.
The agency affirmed Berkshire Hathaway's "AA/A-1+" counterparty credit and "AA+" for insurance financial strength and revised the outlook to stable.
LONDON, June 23- The United States may refuse to apply new global capital rules in the world's biggest insurance market because of the "breakneck speed" they are being pushed through, American regulators said on Monday.
Companies are taking out life insurance policies on their employees, and collecting the benefits when they die. The New York Times reports.
WASHINGTON, June 20- The Obama administration on Friday announced the creation of a new chief executive position to oversee operations of the federal Obamacare marketplace that provides private health insurance to consumers in 36 U.S. states.
*IPO priced at 260 pence per share vs 220-290 range. LONDON, June 19- Britain's Lloyds Banking Group has increased the number of TSB shares it is selling following strong investor demand for the stock market listing, sources familiar with the matter said on Thursday.
*Aegon buoyed by share buyback plan. *Oil prices rise as violence in Iraq continues. LONDON, June 18- European stock markets edged up on Wednesday to go back within reach of multi-year highs reached last week, with insurer Aegon rallying after announcing a share buyback program.
HONG KONG, June 17- Hong Kong shares finished lower on Tuesday, dragged down by underperforming financial companies and a weaker Macau gaming sector. Asia insurer giant AIA Group shed 1.4 percent, while HSBC Holdings slipped 0.4 percent.
Jay Fishman, Travelers Insurance chairman & CEO, shares his outlook on the housing market and the economy. Fishman also explains how Travelers helps customers manage medical costs.
Jay Fishman, Travelers Insurance chairman & CEO, discusses the company's stock surge and explains the company's premise for producing value.
*Move to make Telefonica biggest Telecom Italia investor. MILAN, June 16- Italian banks Intesa Sanpaolo and Mediobanca moved on Monday to leave the shareholder pact that controls Telecom Italia, following insurer Generali and making way for new investors in the phone company.
The government is contacting hundreds of thousands of people with subsidized health insurance to resolve questions about their eligibility. The NYT reports.
Japan stocks have disappointed this year, but some funds are betting companies will finally put their piles of cash to work for shareholders.
June 11- Health insurer Aetna Inc is submitting premium rates to regulators for Obamacare insurance plans for 2015 that generally increase less than 20 percent from 2014, its Chief Executive Officer Mark Bertolini said on Wednesday.
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