Insurance agents are frustrated that as they try to help customers navigate Obamacare's marketplaces, they aren't earning the commissions they've long built their businesses around.» Read More
HONG KONG, Aug 28- China Life Insurance Co Ltd, the world's biggest insurer by market capitalization, posted a higher-than-expected 68 percent increase in first-half net profits but regulatory changes and fierce competition will pressure its earnings for the rest of the year.
*Officials say launch still set for Oct. 1. WASHINGTON, Aug 28- The Obama administration has delayed a step crucial to the launch of the new healthcare law, the signing of final agreements with insurance plans to be sold on federal health insurance exchanges starting Oct. 1.
Continued widespread public ignorance about Obamacare insurance exchanges could hamper enrollment in those exchanges and ultimately jack up premium prices.
Aug 22- California said on Thursday it would consider a soft launch of its Obamacare online health insurance exchange if tests of the new system next month show it isn't ready to accommodate wide public access.
Bigger companies expect health-care costs to increase under Obamacare—and most are concerned with getting hit by a tax on pricier plans under the health-reform law, a survey finds.
Costs for families with employer coverage will rise 4 percent, to an average $16,351, of which workers will pay $4,565 in premiums, according to the 15th annual Employer Health Benefits Survey by the Kaiser Family Foundation and the Health Research& Educational Trust released Tuesday.
LONDON, Aug 21- British lender Lloyds Banking Group has sold German life insurer Heidelberger Leben to private equity group Cinven and reinsurer Hannover Re for around 300 million euros, raising hopes that the state-rescured bank is moving closer to restoring its dividend.
Healthy young people who don't buy health insurance are called young invincibles, but a report finds 20-somethings are more often priced out than opting out of coverage.
With six weeks until the launch of open enrollment, Covered California and other Obamacare exchanges say they will be ready, but plans for testing are cutting close to deadlines.
A quirk in Obamacare means that some workers and their families may be better off financially if their employers don't offer subsidies for health-insurance premiums.
TOKYO, Aug 19- Japanese government bonds slipped on Monday as investors positioned for a 40- year sale in the following session, but moves were small with the U.S. On Tuesday, the Ministry of Finance will hold a quarterly auction of 400 billion yen of 40- year bonds, and will offer 20- year bonds on Aug. 27.
HONG KONG, Aug 15- Hong Kong businessman Richard Li, the youngest son of Asia's richest man, will appoint a former top executive at AIA Group Ltd as the CEO of his new insurance company, according to people with direct knowledge of the move.
Another delay in Obamacare gives critics of the health-reform law more ammunition and will take money of out chronically ill people's pockets.
*Euro zone exits recession, Germany, France beat GDP forecasts. *France's CAC 40 hits two-year high. Gains were capped by shares in Rio Tinto, AstraZeneca and Royal Dutch Shell losing their dividend entitlement.
Aug 12- Senate Republican leader Mitch McConnell on Monday called on the Obama administration to delay the Oct. 1 opening of exchanges where uninsured Americans will be able to buy health insurance until the U.S. government can guarantee the protection of people's personal data.
With enrollment set to begin on Oct. 1 for individuals who want to receive health insurance under the 2010 law, Obama used a White House press conference to counter a massive Republican campaign to discredit and destroy the new program, including a threat by some Congressional Republicans to insist on repeal as a condition of funding the government.
TORONTO, Aug 8- Manulife Financial Corp shares slid on Thursday, while rival Sun Life Financial Inc rose after mixed results that reflected more stable markets and showed the fruits of their recent attempts to remove risk from their balance sheets.
*Careful stock picking key to value as Europe, UK recover. LONDON, Aug 8- It's been a long time coming, but with recovery under way in the UK and signs the euro zone economy may be stabilising, the hunt is on for beaten-down stocks with hidden value.
ZURICH, Aug 8- Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable in the second half.
TORONTO, Aug 8- Manulife Financial Corp on Thursday reported a second-quarter profit, just missing analysts' estimates, as it absorbed a smaller loss from financial market movements. Canada's largest life insurer said its net profit was C $259 million, or 12 Canadian cents a share, compared with a year-before loss of C $281 million, or 17 Canadian cents a share.