Insurance News

An easily accessible defined contribution plan available to all employers, including the self-employed, was touted by a senior Sun Life Financial executive Tuesday as a means for greatly increasing pension coverage among Canadians.

Arthur J. Gallagher & Co. has acquired Shuford Insurance Agency Inc. of Concord.

A top bank regulator is throwing cold water on a financial overhaul plan the Obama administration wants to see passed quickly.

Updated at 6:26 p.m. NEW YORK -- American International Group Inc. on Tuesday that it would go ahead with a previously announced pay package for its new CEO Robert Benmosche of $7 million in cash and stock.

Ambac Financial said Tuesday that Chief Financial Officer Sean Leonard resigned effective immediately, a possible sign of continuing trouble at the bond insurer.

Kenneth Feinberg, the Obama administration's pay czar, is being pressed by federal officials to relax executive compensation restrictions at American International Group Inc for 2010, the Wall Street Journal reported, citing people familiar with the matter.

Robert and Leland Orr, founders of bankrupt Brooke Corp. , have been banned for life from the banking industry.

Kingsway Financial Services Inc. said Monday it plans to sell its majority interest in Jevco Insurance Co.

Manulife snaps up stake in Chinese fund manager Manulife CEO Donald Guloien MIKE CASSESE/REUTERS Canadian insurer to pay $156-million for 49 per cent stake in ABN Amro TEDA in first acquisition since big share issue last week Tara Perkins Globe and Mail Update Published on Monday, Nov.

A virus has been detected and can only attack iPhones whose users have disabled some pre-installed security features, according to analysts monitoring the progress of the virus, known as the Duh Worm.

After years of being rebuffed in court, the widow of a wealthy Conseco executive who was killed in 1997 by a spinning helicopter blade finally got a break on Wednesday.

But the board does not plan to take any action with respect to Benmosche when it meets next Tuesday, the source said.

Democratic Sen. Chuck Schumer says health care reform that includes a public option can pass the Senate.

Ambac Financial Group Inc said on Wednesday that the statutory capital of its main unit was well above a regulatory minimum at the end of the third quarter, easing concerns the company would fall short of funds and risk being taken over by state officials.

The U.S. House Financial Services Committee voted on Wednesday to approve a proposal that would empower government regulators to break up large financial firms that threaten economic stability.

The Indian life insurance industry is expected to grow by about 15 per cent in the current financial year to touch a total premium income of Rs 2,55,000 crore in 2009-10. "Despite the slowdown in the economy, life insurance industry has continued to grow as policyholders are realising the value of insurance.

Sweeping health care legislation has cleared its first hurdle in the Senate on a party-line vote.

Q Do any mutual funds mirror Berkshire Hathaway's investment style? - D.G., online A Be careful.

Aon Risk Services President Ted T. Devine is leaving Aon Corp. to launch a charitable organization, the Chicago-based brokerage said in a statement.

So now we know the value Goldman Sachs Group Inc. places on salving its conscience for screwing up what Chief Executive Officer Lloyd Blankfein called 'God's work.' It seems that $500 million is all it takes to compensate the world for Goldman's role in creating the credit crunch.