Loews Corp. and its conglomerate CNA Financial Corp. insurance unit reported a fourth-quarter profit on Monday which was lesser that analysts' speculations as profit squeezed at its oil and gas drilling company, Diamond Offshore Drilling.

read more

Official announcement have confirmed that the American International Group Inc. has appointed Peter Hancock, once described by an ex-employer as an "architect" of derivatives business, to overlook the group's finance and risk, in addition to the company's money-losing credit-default swap division.

read more

The House of Representatives announces that it plans this week to vote on - and probably approve - a step to unveil health insurers' antitrust protections, which will be Congress' first initiative this year to try to overhaul the nation's health care system.

read more

The RRSP season aims to provide a lot of advice about how to maximize your contributions, borrowing to contribute, the benefits of contributing, along with guidance on investing inside your registered retirement savings plan.

read more

Aetna Inc. posted a remarkably low quarterly profit, on Friday. Its fourth-quarter net income fell to $165.9 million, or 38 cents per share, from $194.7 million, or 42 cents per share, the previous year.

Aetna had previously warned the investors that 2010 would be a repositioning year.

read more

According to the non-profit called American Legislative Exchange Council, with the Massachusetts election having given Senate Republicans the filibuster power to stall the health care overall legislation proposed by the Obama administration, the conservative lawmakers in as many as 34 states have either proposed or filed amendments to their state constitutions, banning government health insuran

read more

Timothy Geithner again supported the rescue of the American International Group in the hearing on Wednesday.

A decisive member of the House Oversight Committee, Rep. John Mica, said, "We're getting a lame story. I don't know why we shouldn't request your resignation".

read more

Managed Care Company UnitedHealth Group claims on Thursday its fourth-quarter profit jumped 30 percent on higher premium revenue, despite a continued reduction in commercial enrolment.

The health group reported its fourth-quarter net earnings of $944 million or $0.81 per share in comparison to $726 million or $0.60 per share last year.

read more

Commissioner David Stevens on Wednesday stated that to give a lift to FHA’s balance sheet changes are being made at the government mortgage insurer. Presently it backs about half of all home loans to the nation's minorities.

read more

As was confirmed by the company on Monday, Swiss Reinsurance Co. proceeded to sell a part of its American life reinsurance business to a division of Berkshire Hathaway, which fetched the firm a total of 1.3 Billion Francs ($1.27 Billion). With the move, Swiss is looking to free up capital and distribute it across in a way which would help the company bag more profitability.

read more

On the back of the many state budget cuts that were imposed about 6 months back, nearly 3 million California residents lost their health benefits or access to any health care and additional thousands ended up losing their jobs, as per figures shared by a report released on Thursday.

read more

The recent misdealing with the Patricia Howard’s insurance has led to Adam Hamm, North Dakota insurance commissioner, revoking its license on Thursday.

Also, the legislature agreed to increase the maximum fine from one thousand dollars to ten thousand dollars. The change takes effect today.

read more

Health Insurer, Aetna Inc is expecting in forth quarter of 2009 to shell out about $60 to $65 million as the cost associated with job cuts and restructuring. Earlier, 1,000 positions were axed in December 2008.

read more

The ongoing investigation by the Pennsylvania Attorney General Tom Corbett into an insurance fraud has resulted in another arrest of a women and her brother.

read more

President Obama has allowed unemployed workers by signing a legislation to receive subsidized COBRA premiums for up to 15 months. This step has bought relief to thousands of laid-of workers.

The subsidy previously expired after nine months.

read more

Thousands of Americans will have to pay a lot more for COBRA, the federal program which allows workers to keep their company’s health insurance plan after they leave their job.

The reduced-cost premiums stopped for the first wave of recipients which was a part of the economic stimulus package signed by President Barack Obama.

read more

The nonpartisan Congressional Budget Office (CBO) reported on Monday that if the health-care legislation comes through, most of the Americans buying heath insurance through their employers will end up paying their current level of premiums for the coverage.

read more

As the COBRA program's expiration inches closer, more and more Americans who have lost their jobs as a part of strict cost cutting across firms of the country are growing worried about the coming times. Under the program, which will begin phasing out next week, unemployed Americans were saving hundreds of dollars every month, something which they will have to give up on now.

read more

The workers who were laid-off between Sept. 1, 2008 and Dec. 31, 2009, were getting COBRA subsidy which pays 65 percent of their job-based health insurance premiums for nine months.

This subsidy is now expiring for thousands of unemployed Americans who began receiving this subsidy in March, when it was first started as part of the American Recovery and Reinvestment Act.

read more

Thanks to AXA SA, AMP has announced that the company does not have to raise any additional finances to aid the joint proposal it is looking at with AXA Asia Pacific Holdings Ltd.

read more