Topic: Insurance Carriers
HHS secretary asks insurer to justify rate hike
AP News
Health and Human Services' Sebelius seeks justification for Anthem health insurance rate hikeThe Obama administration on Monday asked California's largest for-profit health insurer to justify plans to hike customers' premiums by as much as 39 percent, a move that could affect some 800,000 people. In a letter to ...
Hartford Financial's 4Q profit beats estimates
AP News
Hartford Financial posts 4th-quarter profit, beats estimates, provides 2010 outlookInsurer Hartford Financial Services Group said Monday it was profitable in the fourth quarter as its life and property-casualty businesses both improved. The Hartford, Conn.-based company earned $557 million, or $1.19 per share in the final three months of ...
AIG hires KeyCorp exec to oversee finance, risk
Reuters US Online Report Business News
NEW YORK (Reuters) - American International Group Inc <AIG.N> on Monday named a KeyCorp <KEY.N> vice chairman and financial services veteran to a newly created post overseeing finance, risk and investments. Peter Hancock, who will report to AIG Chief Executive Robert Benmosche, was named executive ...
Goldman's payment demands on AIG probed: report
Reuters US Online Report Business News
NEW YORK (Reuters) - U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc <GS.N> and other banks made on American International Group Inc <AIG.N>, The New York Times reported on ...
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