Insurance Carriers

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Obama aide puts moral case to health insurers

AFP American Edition 4 days ago

Barack Obama's top health official made a tough moral case to insurance giants Wednesday: put people and patriotism before profits and drop opposition to the president's overhaul plans. Health and Human Services Secretary Kathleen Sebelius braved an industry conference two days after ...

AIG aircraft unit debt offering has strength

AP News 5 days ago

AIG aircraft unit's loan sales garner demand; to provide add'l funding ahead of possible sale International Lease Finance Corp., the aircraft-leasing unit of American International Group Inc., is looking to raise $1.3 billion in loan offerings as it seeks new funds to ...

HHS Sebelius exhorts insurers to get on board

AP News 5 days ago

HHS secretary challenges health insurers to back Obama's system overhaul _ or else The head of the Health and Human Services Department is sketching out a stark choice for the nation's insurers: oppose reform and eventually lose customers, or work with the ...

Munich Re CEO: Buffett stake backs our strategy

Reuters US Online Report Business News 5 days ago

MUNICH (Reuters) - Munich Re <MUVGn.DE> sees star investor Warren Buffett's stake in the reinsurer as evidence that he backs its long-term strategy aimed at creating stability, Munich Re's chief executive said on Wednesday. "He would not have bought in if he ...

Insurers' Chile quake hit won't up prices

Reuters US Online Report Business News 5 days ago

MUNICH/ZURICH (Reuters) - Last month's huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world's top two reinsurers said, but it looks unlikely to raise reinsurance prices. World leader Munich Re <MUVGn.DE> said it ...

Chile quake to cost insurers 'up to $7 bln'

AFP Global Edition 5 days ago

Reinsurance giant Swiss Re on Wednesday estimated that insurers will have to pay up to 7.0 billion dollars (5.16 billion euros) for damages arising from the deadly earthquake in Chile. "This latest earthquake will lead to significant insurance claims for property damage ...

Swiss Re puts Chile quake insurance cost at $4-7BN

AP News 5 days ago

Swiss Re puts total cost to insurance industry of Chile quake at $4-7 billion Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich ...

Shares of bailed out companies surge

AP News 5 days ago

Bailed out companies see shares rise on hopes that government rescues could be winding down Shares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. ...

Humana CEO compensation for 2009 jumps 26 percent

AP News 5 days ago

Health insurer Humana hikes CEO compensation 26 percent in 2009, mostly due to bonus Health insurer Humana Inc. paid CEO Michael B. McCallister 26 percent more last year than in 2008, largely because of a $1.8 million performance-related bonus. McCallister, 57, received ...

Obama stages populist battle on health reform

AFP American Edition 6 days ago

A fired-up President Barack Obama has turned his populist ire from Wall Street to the insurance sector as he sought to rally support for a last-ditch bid to pass a historic health care overhaul bill. Obama laid a bold bet on Monday ...

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