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March 28, 2013
American International Group,
the insurer whose government bailout was marked by controversy
over executive salaries, on Wednesday said its board adopted a
clawback policy to recover compensation in case of mistakes or
wrongdoing.
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March 27, 2013
Prudential, Britain's
largest insurer, has been fined 30 million pounds ($45.5
million) for failing to tell the UK financial regulator about
its attempted takeover of Asian rival AIA three years
ago.
-
March 27, 2013
President Barack Obama's
top healthcare adviser acknowledged on Tuesday that costs could
rise in the individual health insurance market, particularly for
men and younger people, because of the landmark 2010 healthcare
restructuring due to take effect next year.
-
March 27, 2013
U.S. insurer Protective Life
Insurance is the leading candidate to buy some of AXA
SA's U.S. life insurance assets in a deal that could be
valued at around $1 billion, according to two people familiar
with the situation.
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March 25, 2013
India's IT
outsourcers are promoting "mini CEOs" capable of running
businesses on their own, while trimming down on the hordes of
entry-level computer coders they normally hire as they try to
squeeze more profits out of their staff.
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March 22, 2013
Assurant Inc settled a New York
probe of its "force-placed" insurance by agreeing to pay the
state a $14 million penalty, refund some homeowner premiums and
reform certain business practices.
-
March 21, 2013
Enbridge Energy
Partners LP said on Wednesday that the costs of
additional cleanup from a huge Michigan oil spill three years
ago may push the total bill past the limit of its insurance
coverage, hampering its financial results.
-
March 20, 2013
General Motors Co is
recalling about 33,700 model-year 2013 Buick LaCrosse sedans and
Cadillac SRX crossover vehicles globally to address a potential
software problem that could increase the risk of a crash.
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March 14, 2013
Corporate leaders from the
defense, technology, energy and banking industries told
President Barack Obama on Wednesday they agreed cyber attacks
were a top security threat but that they were looking for a
"light touch" from the government in response to the risk.
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March 07, 2013
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.
-
March 07, 2013
Most large employers don't expect to
send their full-time employees to government health exchanges
for insurance during the next five years, but some retirees and
part-time workers will end up there, a new survey has found.
-
March 06, 2013
A coalition of fiscal
conservatives on Tuesday called for a steep cut in federal
subsidies for crop insurance, setting up a clash with U.S. farm
groups that see the program as their top priority in a new farm
bill.
-
March 01, 2013
Of the insurer's 35,000 employees, 14,500 do not
have a desk at the home office, a move that the company's top executives, CEO Mark Bertolini and national business chief Joseph Zubretsky, have said helps cut costs in real estate.
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February 22, 2013
A former Infosys Ltd
executive is challenging the IT outsourcing industry's billing
model by charging for results instead of basing fees on the time
and labour put in by the armies of staff working for India's big
firms.
-
February 21, 2013
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.
-
February 21, 2013
International Business Machines
unveiled its expanded mobile strategy on Thursday in an effort
to gain an advantage over rivals amid a proliferation of devices
such as smartphones and tablets.
-
February 20, 2013
The Obama administration said
on Tuesday that it will operate federal online health insurance
marketplaces in 26 of the 50 U.S. states with little or no input
from local state officials.
-
February 19, 2013
Ireland's sale of Irish Life to
Canadian life insurer Great-West Lifeco will help push
the government's debt below 120 percent of GDP this year, the
country's finance ministry said on Tuesday.
-
February 14, 2013
The Dubai International Financial
Centre, a business zone, says it aims to double the number of
companies there over five years by serving as a base for
business with China, south Asia and Africa, not merely the Gulf.
-
February 08, 2013
New York state's highest court
on Thursday said a trial must determine whether Travelers Cos
deliberately structured a nearly $1 billion asbestos
settlement to force its reinsurers to pay more than their fair
share.
-
February 08, 2013
President Barack Obama on
Thursday renominated one of his top healthcare advisers to lead
the federal agency responsible for overseeing Medicare, Medicaid
and the implementation of his 2010 healthcare reform law.
-
February 07, 2013
Health insurer Cigna Corp. reported
a higher-than-expected fourth-quarter profit on Thursday, helped
by the acquisition of Medicare provider HealthSpring, and raised
its outlook for 2013.
-
February 07, 2013
Allstate Corp's quarterly profit
fell 45 percent on losses from superstorm Sandy, but the home
and auto insurer said it has paid out about 95 percent of Sandy
claims and is seeing rate increases across businesses.
-
February 05, 2013
Computer maker Dell Inc will go
private in a $24.4 billion deal that also involves Microsoft
Corp and private equity firm Silver Lake, the parties
said on Tuesday.
-
February 01, 2013
The Obama administration laid
out its blueprint for providing contraceptive coverage for
employees at nonprofit religious organizations on Friday,
proposing rules that would contain benefits within separate
individual insurance plans without cost to the employer.
Reuters
