Insurance News

The Canadian Press Discontinued businesses continued to plague Kingsway Financial Services Inc., as the truck and auto insurance company widened its loss in the third quarter amid aggressive restructuring efforts.

Over the last year it's become abundantly clear that the stock market can devastate even seemingly healthy retirement accounts.

American International Group Inc. also said the amount of its government financial assistance dropped by 4 percent during the third quarter.

The sky is the limit for some American institutions relying on federal aid. American International Group, or AIG as it is widely known, is drawing down $4.2 billion in additonal funds the Treasury Department.

Losses rained down on two of Canada's biggest life insurance companies on Thursday as volatility on the stock markets, narrowing spreads and interest rates pulled results at Manulife Financial and Sun Life into the red.

Capping months of struggle, House Democrats cleared an abortion-related impasse blocking a vote on sweeping health care legislation late Friday and officials expressed optimism they had lined up the support needed to pass President Barack Obama's top domestic priority.

Nov. 6 -- American International Group Inc., the insurer bailed out by the U.S., fell the most in two months in New York trading after posting sales declines at its property-casualty and life insurance divisions.

More wind power is coming to Iowa. The Iowa Utilities Board has approved MidAmerican Energy's plans to build wind farms producing 1,001 megawatts of power.

AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.

A Hamilton man has been sentenced to prison for sending a series of e-mails last fall to a Cincinnati television station and the FBI threatening to blow up landmarks and to kill President Bush.

Financial-services firm USAA, which has attracted a loyal following among military officers and their families, said Thursday that it is expanding membership to all veterans who served honorably in the armed forces, effective immediately.The company, which employs about 3,000 people at a campus in north Phoenix, said improved technology, its own ...

NetJets Inc., the unprofitable plane- leasing unit owned by Warren Buffetta s Berkshire Hathaway Inc., is firing 495 pilots as the slowdown in corporate flights persists.

Fitch Ratings warned Thursday that Berkshire Hathaway Inc.'s deal for Burlington Northern Santa Fe Corp.

Tara Perkins Published on Thursday, Nov. 05, 2009 9:18AM EST Last updated on Thursday, Nov.

In a Nov. 3 story about Warren Buffett's plan to acquire Burlington Northern, The Associated Press reported erroneously that Berkshire will pay $34 billion in cash and stock for Burlington.

Managed care company Cigna Corp. said Thursday its third-quarter profit soared 92 percent, as improving equity markets spurred a big turnaround in a business segment that hurt the insurer last year.

Insurance company Allstate Corp. missed Wall Streeta s estimates for the third quarter, but returned to profitability after reporting a loss in the third quarter of last year.

The Prudential Building in Newark, N.J., on August 4, 2004. Prudential Financial, an insurance and investment company, posted its second straight quarterly profit, buoyed by market gains and strong sales of its insurance products.

North Carolina businesses will pay nearly 10 percent less next year for workers' compensation insurance under an agreement between the insurance industry and state regulators.

An independent review of the MBTA ordered by Gov. Deval Patrick has found years of neglect by the cash-strapped agency that is compromising passenger safety.