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'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 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 (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 ...
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 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 ...
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 ...
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 ...
MODEST MOVES: Stocks ended mixed after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Investors see buyouts as a sign of confidence in the economy. WEAKER HEALTH: President ...
Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares rose after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 ...
