Insurance Industry – Page 2 – Your Economy Friend

Legal Briefing: Fraud Suit Against AIG Gets the Go-Ahead

September 11, 2016

AIG Faces Fraud Suit Over Credit Default Swaps Although American International Group (AIG) has had a successful run of getting lawsuits against it dismissed, and saw three investigations of the company resol...

Anthem Warns Consumers of Email Scam After Data Breach

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September 10, 2016

Insurance Industry

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Active ETFs: The Next Big Thing — or the Next Big Bust?

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August 31, 2016

Insurance Industry

When actively managed exchange-traded funds emerged two years ago, many thought they were destined to become wildly popular. "They were billed as the 'Holy Grail' of ETF evolution by many," says Christian Magoo...

Report: Premium Hikes for Top Medicare Drug Plans

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August 13, 2016

Insurance Industry

By RICARDO ALONSO-ZALDIVAR WASHINGTON (AP) - Millions of seniors enrolled in some of the most popular Medicare prescription drug plans face double-digit premium hikes next year if they don't shop for a better ...

AIG Prepares for First Bond Offering Since Bailout

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July 18, 2016

Insurance Industry

American International Group (AIG) is preparing for its first debt offering in two years, reported Thursday. Such an offering could be an important test of whether investors think the insurance giant can stan...

AIG Raises $17.8 Billion with Hong Kong IPO

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June 11, 2016

Insurance Industry

AIG (AIG) raised HK$138.3 billion ($17.8 billion) from the IPO of its main Asian unit, AIA, putting the troubled insurer on track to repay its U.S. government bailout. AIG placed 7.03 billion shares at HK$1...

Big Business Is Waking Up to Global Warming – but Is It Too Late?

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June 5, 2016

Insurance Industry

Ethan Miller/Getty ImagesDrought and increased water demand spurred by explosive population growth in the Southwest has caused the water level at Lake Mead, which supplies water to Las Vegas, Arizona and Southe...

AIG May Sue the Government for Charging Too Much to Save It

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May 11, 2016

Insurance Industry

Memories can be short on Wall Street, but AIG (AIG) is setting new records for selective amnesia. The giant insurance company, which only recently finished paying off its staggering debt to the federal gover...

Health Insurers Post Healthy Profits but Remain Cautious on 2011

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May 11, 2016

Insurance Industry

Whatever finally comes of the health care reform law, it appears health insurance companies have no intention of giving up their large profits -- at least for now. Investors may have gotten spooked last year, w...

Why You Should Give Your Insurance Policies a Checkup

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May 2, 2016

Insurance Industry

Shutterstock The insurance industry often urges customers to check their policies every once in a while to make sure everything is up to date. While that sounds like self-serving advice -- because you know ...

Vehicle Crashes Exact Hefty Toll on U.S. Economy

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May 2, 2016

Insurance Industry

Janet S. Carter, Daily Free Press/APA firefighter in Kinston, N.C., moves equipment after a woman pinned in her car was rescued by the jaws of life. WASHINGTON -- The economic and societal harm from motor v...

AIG Agrees on Plan to Repay U.S. Taxpayers for Bailout

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April 30, 2016

Insurance Industry

Finally, after many months of preparation and planning, American International Group (AIG) announced Thursday that it had entered into an agreement with the Treasury Department and the Federal Reserve Bank of ...

AIG, Treasury Offer to Sell 300 Million Shares to Public

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April 29, 2016

Insurance Industry

Global insurance company American International Group Inc. and the federal government are offering to sell a total of 300 million AIG shares to the public. AIG and the government didn't specify a price for the...

Stocks in the News: BP, Goldman Sachs, AT&T

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March 21, 2016

Insurance Industry

: BP (BP) extended Wednesday's selloff in London on Thursday, plunging as much as 11% to a 13-year low. Political pressure has intensified on the company to halt dividend payments and increase clean-up efforts...