Warren Buffett, at a news conference in Bengaluru in 2011, lavishly praised Berkshire Hathaway executive Ajit Jain for smoothly running much of the conglomerate’s insurance businesses.
Buffett, the billionaire chief executive ... Read →
Robert Benmosche, who took the helm of insurer American International Group (AIG) after a massive government bailout at the height of the financial crisis, died on Friday after a battle with lung cancer.
The 2015 winter season will certainly test insurers’ claims handling capabilities and processes as they scramble to adjust and monitor the status of all the claims.
Insured losses in 2014 were at the lowest level seen since 2009, according to Guy Carpenter.
The 50,000 Americans who used incorrect government forms when filing early tax returns will not have to pay their actual federal tax liability for 2014, according to the Treasury Department.
The nation's long term care insurance companies paid a record $7.85 billion in claim benefits to 250,000 individuals in 2014 according to AALTCI.
AXA S.A. is further extending its footprint into the United States with the launch of its U.S. Employee Benefits business, through subsidiaries AXA Equitable Life and MONY.
Total U.S. annuity sales in 2014 rose 3% to $235.8 billion, thanks to record annual sales in indexed and income annuities, according to LIMRA.
The Obama administration has blocked health plans without hospital benefits that many large employers argued fulfilled their obligations under the Affordable Care Act.
The Internet domain “.insurance” should be available to to the industry late this year, for use only by verified insurance industry members.
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Loren Holzhueter raked in more than $10 million through a Ponzi scheme run out of his small Wisconsin insurance agency, the U.S. Securities and Exchange Commission charged in a securities ... Read → Read »
A California man has been sentenced by a U.S. District Court in Richmond, Va., to spend the nex 6.5 years in prison for his role in a life insurance scheme involving nearly 1,000 people across the country. Read »