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Insurance News

Insurance news continually updated from thousands of sources around the net.

2 hrs ago | Bellingham Herald

Berkshire Hathaway 2Q profit jumps 41 percent

Berkshire Hathaway Inc. said Friday that its net income grew to $6.4 billion, or $3,889 per Class A share.

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Related Topix: Business Wire, Berkshire Hathaway , Startups, Empire Group, Construction, Berkshire Hathaway, Investment Services, Warren Buffett, Washington Post, Publishing

3 hrs ago | Business Journal

Palm Beach HMO sells Medicaid business to Molina Healthcare

The Long Beach, Calif.-based health insurer paid $7.5 million for the acquisition, said Thomas Cleare , chief program officer at the Health Care District of Palm Beach County.

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Related Topix: Molina Healthcare, Healthcare Law, Law, Medicaid, Health, Palm Beach, FL, Palm Beach County, FL

7 hrs ago | Globe and Mail

Video: Fairfax Financial, CEO Prem Watsa probed for insider trading

Fairfax Financial Holdings Ltd. said Quebec's securities regulator was investigating the company, Chief Executive Officer Prem Watsa and President Paul Rivett for possible illegal insider trading or tipping Fairfax Financial Holdings Ltd. said Quebec's securities regulator was investigating the company, Chief Executive Officer Prem Watsa and ... (more)

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Related Topix: Fairfax Financial Holdings

10 hrs ago | Daily Kos

Insurers, hospitals enjoying the profit of Obamacare

Here's another nail in the coffin of the case for repealing Obamacare. Two of the major players in the healthcare industry-hospitals and insurance companies-are getting a much bigger stake in the law as they foresee profits under it.

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Related Topix: Healthcare Law, Law, Medicaid, Health, Wellpoint Health Networks, Medicine, Hospital Administration, Healthcare Industry, LifePoint Hospitals

14 hrs ago | Bangkok Post

Post-coup stability makes baht winner

In a world roiled by violence in Ukraine and Gaza, stability has become the watchword for investors - even if it comes in the form of a coup.

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Related Topix: Financial Markets, Goldman Sachs, Financial Services, Investment Services, Credit Suisse Group, Israel, World News, Middle East

Thu Jul 31, 2014

The Age

Manufacturing sector bounces back

Activity in China's manufacturing sector rose in July, according to China's official gauge, bolstering the government's chances of meeting its 2014 economic growth target of about 7.5 per cent and continuing a recent run of positive data out of the world's second-largest economy.

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Related Topix: Pmi Group Inc

Reuters

California's proposed 2015 Obamacare premiums to rise 4 pct in 2015

Healthcare premiums will rise an average of 4.2 percent in 2015 on California's Obamacare insurance exchange, the largest of the state marketplaces established by President Barack Obama's healthcare reform, state officials said on Thursday.

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Related Topix: Wellpoint Health Networks

Bradenton.com

1,100 layoffs planned at Alpha coal mines in W.Va.

The announcement dealt another blow to Appalachia's iconic, but dwindling, fossil fuel industry.

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Related Topix: Annuity and Life Re Holdings, Appalachia, VA, U.S. Environmental Protection Agency, Environmental Law, Law

Business Insurance

Endurance terminates takeover bid for Aspen Insurance

Endurance Specialty Holdings Ltd. on Wednesday said it has terminated its offer to acquire Aspen Insurance Holdings Ltd. and will not be pursuing its board size increase and scheme of arrangement proposals.

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Related Topix: Endurance Specialty Holdings

Business Insurance

2014 set to be costliest year for insurance industry since 9/11 attacks

This year is on track to becoming the costliest for the insurance and reinsurance sector since 2001, when the Sept.

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Reuters

UPDATE 1-Market Chatter-Corporate finance press digest

* European private equity firm Charterhouse is readying the sale of UK skincare company Deb Group this year in a deal worth about 500 million pounds including debt, four sources with knowledge of the talks said on Wednesday.

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Related Topix: Financial Services, Phoenix Companies, Goldman Sachs, Investment Services, World News, Germany,

Wed Jul 30, 2014

Reuters

UPDATE 2-Allstate profit jumps 49 pct as costs fall, premiums rise

Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 49 percent jump in quarterly profit as costs fell and the company took in more premiums.

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Related Topix: Allstate

Journal Gazette

Lincoln National quarterly earnings up 26%

Lincoln National Corp. today reported second-quarter earnings of $398 million, or $1.48 per diluted common share, a 26 percent increase from the $317 million, or $1.15 a share, posted for the same three months of 2013.

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Related Topix: Financial Services, Lincoln National

Business Journal

Hawaii ranks 4th in U.S., 11th globally, for captive insurance industry

Hawaii is one of the biggest markets in the United States for captive insurance companies - a form of self insurance for businesses - and the state's experience has drawn companies ranging from local mom-and-pop to Fortune 500 companies such as Google .

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EETimes

7 Insurance Issues With Your Self-Driving Car | EE Times

As we gird for the inevitability of fully autonomous cars sometime between 2020 and 2035, we occasionally hear the small, still voices of technologists and industry analysts discussing the significant reduction in automotive insurance rates and how it will add momentum to autonomy.

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Quebec Chronicle-Telegraph

How Obamacare Made Health Insurance Industry 'Villains' Into White House Partners

Recall, for a moment, how health insurers were treated by Democrats in the Obamacare debate.

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NewsOK.com

WellPoint 2Q tops Wall Street expectations

WellPoint's second-quarter profit fell 8.6 percent as expenses tied to changes in the nation's health care laws climbed.

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Related Topix: Wellpoint Health Networks, Medicare

The Macon Telegraph

Humana 2Q profit falls 18 pct on higher costs

The company's results, released Wednesday, matched analysts' expectations, and it reaffirmed its 2014 earnings estimate of between $7.25 and $7.75 per share.

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Related Topix: Humana, Medicare, Health, Family, Elderly (Senior Citizen), Medicaid

NewsOK.com

Humana 2Q profit falls 18 percent

You now have an easier online way to manage your Home Delivery subscription for The Oklahoman .

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Related Topix: Humana, Louisville, KY

The Washington Post

Volt Beats Leaf in Insurance Industry's Electric-Car Crash Tests

General Motors Co.' s Chevrolet Volt passed the U.S. insurance industry's toughest frontal crash test, while Nissan Motor Co.'

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Related Topix: Arlington, VA, Business News

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