Life and Health Insurance
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About one-half of the people in the United States who have health insurance receive it from their employers. Most of the rest are enrolled in individual plans or government Medicare and Medicaid programs.
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Aviva, Britain's second-biggest insurer, cut its dividend by over a quarter to provide extra funds for a turnaround strategy aimed at bolstering capital and profit. The company's shares plunged 12 percent on the news and the stock was the worst performer on the FTSEurofirst 300.
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WASHINGTON, March 6- The U.S. health insurance industry is escalating its lobbying battle against a proposed Medicare Advantage pay cut to insurers by launching a television and online advertising campaign to garner public support among the program's 14 million beneficiaries.
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March 1- For more than six years, Tammy Saunders has woken at 5:30 a.m., showered, dressed and walked upstairs- to her office. A nurse practitioner, Saunders works as a case manager for Hartford, Connecticut- based health insurer Aetna Inc, helping college students recovering from accidents or surgery get the follow-up services they need.
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*4th- qtr loss/share $1.91 vs loss/share $0.67 year earlier. Feb 28- Mortgage insurer MGIC Investment Corp reported a sharp deterioration in its ability to pay claims in the fourth quarter and posted its tenth straight quarterly loss as it continues to lose money on loans insured during the housing boom.
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*4th- qtr loss/share $1.91 vs loss/share $0.67 year earlier. Feb 28- Mortgage insurer MGIC Investment Corp reported a sharp deterioration in its capital position in the fourth quarter and posted its tenth straight quarterly loss as it continues to lose money on loans insured during the housing boom.
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Feb 28- Mortgage insurer MGIC Investment Corp said it was considering reinsuring some of its businesses and raising capital after it reported a sharp deterioration in its ability to pay claims at the end of the fourth quarter.
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Mark Tucker, CEO & President of AIA Group, talks to CNBC after the insurance giant posted an 89% rise in full-year net profit, explaining how growth over the past three years has doubled.
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America's seniors appear to have grown more burdened by debt in recent years, and experts say a likely culprit is medical expenses.
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TOKYO, Feb 26- The yen has quickly dived to near three-year lows, but one Japanese sector with serious currency clout has yet to be heard: big insurers who control a combined $2 trillion in assets.
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WASHINGTON, Feb 22- The Obama administration on Friday finalized new consumer safeguards for health insurance that impose tighter restrictions on what insurers can charge older customers, despite industry warnings that the young may be forced to pay more as a result.
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TOKYO, Feb 22- Japan government bonds rose on Friday, with the benchmark yield dropping to a four-week low in line with firmer U.S. "The Bank of Japan will ease further, and the Fed will keep its easy policy for the time being, and this is supportive for bonds," said a fixed-income fund manager at a European asset management firm in Tokyo.
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*4th quarter loss $4 bln, or $2.68 per share. Feb 21- Insurer American International Group Inc reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this year because the company did not meet all of its performance targets.
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If you smoke, you might have to pay thousands extra for employee-based health insurance under Obamacare starting next year.
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TOKYO, Feb 21- Prices on long-dated Japanese government bonds eased on Thursday, ahead of an auction of 1.2 trillion yen worth of 20- year debt. *Yuya Yamashita, rates strategist at J.P. Morgan, said he did not expect the auction would see strong demand. *The Ministry of Finance offers a coupon of 1.80 percent, the highest level since March last year.
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WASHINGTON, Feb 20- The Obama administration on Wednesday issued its long-awaited final rule on what states and insurers must do to provide the essential health benefits required in the individual and small-group market beginning in 2014 under the healthcare reform law.
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WASHINGTON, Feb 20- The Obama administration on Wednesday issued its long-awaited final rule on essential health benefits that insurers must offer consumers in the individual and small-group market beginning in 2014 under the healthcare reform law.
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BRUSSELS, Feb 20- Belgian prosecutors have concluded that seven former directors of Fortis should face trial for allegedly misleading investors during the Belgian-Dutch bank's purchase of part of Dutch lender ABN AMRO and before its 2008 collapse.
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*Office Depot, OfficeMax in merger talks- source. Office Depot Inc surged 9.4 percent to $5.02 after a person familiar with the matter said the No. 2 U.S. office supply retailer was in advanced talks to merge with smaller rival OfficeMax Inc, which jumped more than 20 percent.
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*Great-West Lifeco expects 10 pct earnings boost. DUBLIN, Feb 19- Canadian life insurer Great-West Lifeco bought state-rescued insurer Irish Life for 1.3 billion euros on Tuesday in a deal that increases its presence in Ireland and lightens the Irish government's debts.
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