| //02-08-2009 |
Aetna (NYSE: AET ) today announced second-quarter 2009 operating earnings of $308.5 million, or $.68 per share, a 28 percent decrease from the prior-year quarter. Operating earnings(1) exclude net realized capital gains (losses) and an other item. Second-quarter 2009 net income was $346.6 million, or $.77 per share, a 21 percent decrease from the prior-year quarter.
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| //01-08-2009 |
Jim Hagen, director of administration at Providence Church in Avon, said skyrocketing health insurance costs pushed the congregation to switch providers last year. And two years ago, the church was forced to increase the amount of the deductible per family - from $500 to $5,000 - for the four full-time pastors who receive coverage.
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| //31-07-2009 |
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| //28-07-2009 |
As was approved by the shareholders at the Annual General Meeting of Swiss Life Holding Ltd on 7 May 2009, a dividend of CHF 5 per share will be paid for the 2008 financial year. The dividend distribution will take the form of a repayment of par value, as in previous years.
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| //28-07-2009 |
NEW YORK--Jul. 28, 2009-- American International Group, Inc. (AIG) today announced that it has completed the sale of a majority of the U.S. life insurance premium finance business of AIG Credit Corp. and A.I. Credit Consumer Discount Company (A.I. Credit) to First Insurance Funding Corp. (FIFC), a subsidiary of Wintrust Financial Corporation of Lake Forest, Illinois, for approximately $679.5 million in cash. If certain conditions are met, FIFC will purchase certain specified additional life insurance premium finance assets for $61.2 million.
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| //27-07-2009 |
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| //27-07-2009 |
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| //24-07-2009 |
I am always reading about one company or another taking a hit on the bottom line, so they lower their prices, lay off employees or whatever to stay in business. We the people have all taken a hit on our bottom lines, so we trim our budgets and lives to stay in business.
Why is it that the two industries that deal directly with the public, FPL and the insurance companies — the ones that say they really care about the people, the ones that always raise their rates no matter what is going on — why do they always have to post a profit?
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| //22-07-2009 |
Aetna Inc. (NYSE: AET) announced that it has been awarded the TRICARE managed care support contract for the North Region by the U.S. Department of Defense. Under the five-year administrative services contract, Aetna Government Health Plans will support health care delivery to approximately 2.8 million eligible beneficiaries who are active duty service members, retirees and family members based in the 21 states of TRICARE’s North Region.
“We are honored to be awarded this contract to serve our nation’s military personnel and their families,” said Ronald A. Williams, Aetna’s chairman and CEO. “Aetna looks forward to putting our leading clinical and technological capabilities to work in helping our military population access the best possible health care.”
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| //22-07-2009 |
American International Group, Inc. (AIG) today announced that it has closed the sale of its consumer finance operations in Mexico, consisting of AIG Universal, S.A. de C.V., SOFOM E.N.R. and Markcenter Services, S. de R.L. de C.V, to Desarrollo de Negocios Integrados, S.A. de C.V. and Inversiones DNI, S.A. de C.V., companies related to Afirme Grupo Financiero and Consorcio Villacero.
Terms of the transaction were not disclosed.
“This sale continues the momentum of AIG’s restructuring efforts,” said Alain Karaoglan, Senior Vice President – Divestiture. “We are pleased with the progress that we are making with the disposition of our global consumer finance businesses.”
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| //22-07-2009 |
World insurance premium volume rose slightly to USD 4270 billion in 2008. However, adjusted for inflation, premiums declined by 2%. Global life premiums fell by 3.5% in 2008, mainly driven by a sharp fall in the sale of unit-linked and single premium life insurance products in the industrialised countries. Non-life premiums decreased by 0.8%.
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| //21-07-2009 |
American International Group, Inc. (AIG) announced today that it has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary of Zurich, for $1.9 billion, consisting of $1.7 billion in cash and $200 million in face amount of subordinated, Euro-denominated capital notes backed by Zurich Insurance Company, Zurich’s principal operating unit. FGI also assumed 21st Century’s outstanding debt of $100 million.
The transaction excludes AIG’s Private Client Group, which provides property and casualty insurance to high-net-worth individuals.
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| //21-07-2009 |
American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Company (ALICO) as an independent entity and seek an initial public offering and public listing in New York, depending on market conditions and subject to regulatory approval. This planned public offering of ALICO is a significant step in the process that was announced by AIG on March 2 and will result in a board of directors and management team for ALICO separate from AIG.
“We continue to consider all strategic options through a robust, structured and disciplined process. At this stage, we expect that a public offering for ALICO will be beneficial to all stakeholders, including U.S. taxpayers, policyholders, employees and distribution partners,” said Edward Liddy, Chairman and Chief Executive Officer of AIG.
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| //20-07-2009 |
Individual health insurance policies are more popular now than ever before, according to local insurers and independent brokers.
That's because more people are losing their jobs, many small workplaces are deciding not to offer health insurance and some of us are leaving the traditional workforce to follow the dream of starting our own businesses.
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| //20-07-2009 |
NEW YORK--(BUSINESS WIRE)--Nippon Life Benefits, a leading provider of employee benefits, today announced the rollout of a new program specifically targeting the employee benefit needs of Korean companies doing business in the U.S.
Nippon Life Benefits, one of the largest providers of employee benefits to Japanese companies in the U.S., has been piloting its Korean initiative in select markets in the Northeast since the beginning of the year. This program has already resulted in a number of prominent Korean companies as clients
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| //20-07-2009 |
Scottish Life, the pensions specialist arm of the Royal London Group, has reported continued high demand for its own style of "Adviser Charging" remuneration for IFAs.
Over 90% of new regular premium individual business written by Scottish Life in the past year has been on an Adviser Charging basis.
Keith MacPherson, Head of Marketing Development, said:
"Adviser Charging is one of the cornerstones of the Retail Distribution Review (RDR). However it appears to cause a lot of confusion, with some people saying that customers generally aren't prepared to a pay a fee, so it won't be successful.
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| //20-07-2009 |
Under the five-year administrative services contract, Aetna Government Health Plans will support health care delivery to approximately 2.8 million eligible beneficiaries who are active duty service members, retirees and family members based in the 21 states of TRICARE’s North Region.
“We are honored to be awarded this contract to serve our nation’s military personnel and their families,” said Ronald A. Williams, Aetna’s chairman and CEO. “Aetna looks forward to putting our leading clinical and technological capabilities to work in helping our military population access the best possible health care.”
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| //17-07-2009 |
World insurance premium volume rose slightly to USD 4270 billion in 2008. However, adjusted for inflation, premiums declined by 2%. Global life premiums fell by 3.5% in 2008, mainly driven by a sharp fall in the sale of unit-linked and single premium life insurance products in the industrialised countries. Non-life premiums decreased by 0.8%.
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| //17-07-2009 |
Please tell us who you are...
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| //17-07-2009 |
American International Group, Inc. (AIG) announced today that it has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary of Zurich, for $1.9 billion, consisting of $1.7 billion in cash and $200 million in face amount of subordinated, Euro-denominated capital notes backed by Zurich Insurance Company, Zurich’s principal operating unit. FGI also assumed 21st Century’s outstanding debt of $100 million.
The transaction excludes AIG’s Private Client Group, which provides property and casualty insurance to high-net-worth individuals.
“Closing the sale of 21st Century Insurance Group denotes further progress in AIG’s restructuring efforts,” said Edward Liddy, AIG’s Chairman and Chief Executive Officer. “In addition, the transaction further improves AIU Holdings’ quality of capital by monetizing its interest in 21st Century Insurance Group.”
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