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Insurance News

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

3 hrs ago | Penticton Herald

Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports

Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.

Comment?

Related Topix: Hershey, PA, Food, Hershey Foods, Kraft Foods, Warren Buffett, Construction, Berkshire Hathaway, Investment Services

8 hrs ago | 6 ABC

Senate panel to mull Bernanke nomination on...

Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.

Comment?

Related Topix: Ben Bernanke, American International Group

12 hrs ago | Newsday

Conn. jobless rate jumps to 8.8 percent in October

Connecticut Labor Department says the state's unemployment rate increased slightly to 8.8 percent, even though employers added 1,000 jobs in October.

Comment?

Related Topix: Connecticut, Connecticut Government, Mathematics, Science, Aetna

16 hrs ago | CKNW News Talk 980

Stock markets close lower amid indications of subdued economic recovery

The Toronto stock market finished lower Thursday on worries about the pace of an economic rebound, downgrades in the tech sector and concerns about financial stocks after two major institutions announced moves to raise more capital.

Comment?

Related Topix: Financial Markets, Manulife Financial

20 hrs ago | SNL Financial

Willis Group, Gras Savoye shareholders enter capital reorganization agreement

Willis Group Holdings Ltd. and the original family shareholders of Gras Savoye & Cie signed a definitive agreement with Astorg Partners to reorganize the capital of Gras Savoye in a leveraged transaction.

Comment?

Related Topix: Willis Group Holdings

Yesterday | MarketWatch

Taiwan regulator: China Strategic's timing 'wrong' on Chinatrust

The consortium led by China Strategic Holdings Ltd. shouldn't have agreed to sell a stake in Nan Shan Life Insurance Co.

Comment?

Related Topix: American International Group

Thu Nov 19, 2009

Fox 8 - WJW

Berkshire Hathaway lines up $8B loan to help pay for $26.3B acquisition of BNSF railroad

Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp.

Comment?

Related Topix: Berkshire Hathaway, Construction, Investment Services, Warren Buffett, Railroads, Burlington Northern Santa Fe

Reuters Video

Geithner defends AIG bailout

No 19 - U.S. Treasury Secretary Timothy Geithner defended the costly bailout of AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.

Comment?

Related Topix: American International Group, Video

ComputerWorld

Health Net says 1.5M medical records lost in data breach

A hard drive with seven years' worth of personal financial and medical information on about 1.5 million customers of Health Net of the Northeast Inc.

Comment?

Related Topix: Health Net, Shelton, CT

InvestmentNews

Finra fines MetLife Securities and three affiliates $1.2M over supervision of broker email

A MetLife Inc. subsidiary and three other affiliates have been fined a total $1.2 million for alleged failures to ensure supervisors could review brokers' e-mails with the public.

Comment?

Related Topix: MetLife

ClipSyndicate

Delphi's Rosenkranz Says Insurers `Scapegoated' by Obama: Video

Nov. 18 -- Robert Rosenkranz, chief executive officer at Delphi Financial Group Inc., a workers-compensation and group-life insurer, talks with Bloomberg's Pimm Fox about the health-care overhaul debate.

Comment?

Related Topix: Delphi Financial Group, Video, Business News

Wed Nov 18, 2009

The Globe and Mail

Wary Manulife back for billions

Close You asked. We're building it. Wary Manulife back for billions Manulife CEO Donald Guloien MIKE CASSESE/REUTERS For the second time in less than a year, insurer taps market; raises $2.5-billion in bid to bolster capital to 'fortress levels' Tara Perkins and Andrew Willis M anulife Financial Corp.

Comment?

Related Topix: Manulife Financial

Portland's CW32 KRCW -TV

Aetna cutting 625 jobs immediately, plans to make similar cuts by the end of 1st quarter 2010

In this July 31, 2008 file photo, a woman strides past the Hartford, Conn., headquarters of Aetna, Inc.

Comment?

Related Topix: Aetna, Hartford Metro, Hartford, CT, Health Insurance, Health

Insurance News Net

Auto Repair Shops Win $15 Million From InsurerLoading...

STAMFORD, Conn._A Connecticut jury has awarded $15 million to automobile repair shop owners in their lawsuit accusing an affiliate of The Hartford Financial Services Group of unfair trade practices.

Comment?

Related Topix: Hartford Financial Services Group

MarketWatch

Goldman apologizes, offers small businesses help

Goldman Sachs said late Tuesday that it would provide $500 million to support small businesses, hours after its CEO Lloyd Blankfein apologized for the group's role in the global financial crisis.

Comment?

Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services, Small Business, Personal Finance, Warren Buffett, Construction, Berkshire Hathaway

Chicago Tribune

Compensation detailed for 2016 bid executives

Chicago's unsuccessful bid for the 2016 Olympics was powered, in part, by volunteers, the most visible being Aon Corp.

Comment?

Related Topix: AON, Business News

MarketWatch

China Strategic shares soar on Nan Shan deal with Chinatrust

Shares of China Strategic Holdings soared Wednesday after it announced plans to trade a part of its newly acquired stake in American International Group Inc.'s Taiwan unit for a wider presence in the Taiwanese financial-services sector.

Comment?

Related Topix: American International Group, Southeast Asia, World News, Taiwan,

Tue Nov 17, 2009

The Minneapolis-St. Paul Pioneer Press

Ford, Subaru, VW win insurance industry picks for safest new vehicles

Ford, Subaru and Volkswagen sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.

4 comments

Related Topix: Automakers, Honda Motor Co

FOX59.com WXIN-TV Indianapolis

Principal Financial insurance and financial services president to retire

The Principal Financial Group Inc. said Tuesday its president of insurance and financial services will retire at the end of this year.

Comment?

Related Topix: Principal Financial Group, Financial Services, Investment Services

ClipSyndicate

Froehlich Says China Unlikely to `Budge' on Yuan Policy: Video

Nov. 17 -- Robert Froehlich, senior managing director at Hartford Financial Services, talks with Bloomberg's Jon Erlichman about the outlook for China's currency policy.

Comment?

Related Topix: Hartford Financial Services Group, Video, Business News

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