Insurance Industry

FILE - In this Oct. 14, 2009 file photo, House Oversight and Government Reform Committee member Rep. Elijah Cummings, D-Md. speaks on Capitol Hill in Washington during the committee's hearing on the AIG bonuses. A group of House Democrats led by Cummings ...

FILE - In this Sept. 17, 2008 file photo, the AIG logo is shown in New York. Officials handling the multibillion dollar bailout of insurance giant American International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to ...

Officials mismanaged AIG bailouts, may have overpaid to stabilize company, watchdog says Officials handling the multibillion dollar bailout of insurance giant American International Group Inc. mismanaged an initial rescue attempt and may have overpaid other banks to wind down AIG's business relationships, ...

ND state senator advocates health insurance premium tax cut A Bismarck state senator says North Dakota's insurance premium tax on nonprofit health insurance companies should be abolished. Democrat Tracy Potter is drafting the proposal for the Legislature's interim Industry, Business and Labor ...

Coventry Health Care elected Michael Stocker of New York City Health and Hospitals to board Health insurer Coventry Health Care Inc. said Friday that Michael Stocker, the chairman of New York City Health and Hospitals Corp., will join its board of directors. ...

FILE - In this Sept. 17, 2008 file photo, the AIG logo is shown in New York. After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal ...

Report: AIG's Benmosche ready to pack it in after just 3 months due to gov't oversight After just three months as head of embattled insurer American International Group, Robert Benmosche has threatened to leave his post as he struggles to deal with ...

Australian insurer and funds manager AMP said Wednesday it saw its 12 billion dollar (11.17 billion US) bid for rival financial services group AXA Asia Pacific as "buying back the farm". Melbourne-based AXA Asia Pacific on Monday rejected the offer, which came ...

Assured Guaranty shares tumble on expected 3rd-quarter loss of 22 cents per share Shares of Assured Guaranty Ltd. slid more than 6 percent in Tuesday aftermarket trading, after the bond insurer said acquisition and other costs will cause it to post a ...

NEW YORK (Reuters) - Shares of bond insurer Ambac Financial Group Inc <ABK.N> sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems. "Ambac's available liquidity is currently ...