Insurance News

Heavy-equipment manufacturer Caterpillar Inc. said Friday it will build a parts plant for large mining machines, and it expects to employ about 510 full-time and contract workers in five years.

Shares of MetLife Inc. rose more than 4% and topped financial-sector gainers in the S&P 500 Friday, as several analysts raised their forecasts for the insurance giant a day after it reported strong earnings.

North Carolina hopes to be picked as the site for a new plant planned by heavy-equipment manufacturer Caterpillar Inc.

MetLife Inc. and Genworth Financial said late Thursday that they swung to quarterly profits.

Life insurers are facing a barrage of investigations and criticism over the way the industry pays death benefits for veterans and other federal employees.

Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.

New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry.

Share + Jul 29, 2010 7:03 pm US/Eastern Timeline: U.S. Credit Crunch & Financial Failures WASHINGTON 1 of 1 The Pine Street headquarters of American International Group Inc.

Shares of U.S. financial companies regained some lost ground Thursday afternoon as decliners moderated their losses, with the sector still buoyed by Ameriprise Financial Inc.'s gains on solid earnings.

Lincoln National Corp. is bouncing back. The Philadelphia-based financial services provider on Wednesday reported second-quarter earnings of $255 million, or 33 cents per diluted share available to common stockholders.

Last fall's swine flu scare has helped health insurer profits in this year's second quarter by preventing expensive medical claims and creating healthy amounts of unspent reserves.

Warren Buffett, chief executive officer of Berkshire Hathaway, eats a Dairy Queen vanilla orange ice-cream bar.

Trouble in California's workers' compensation market hit insurer SeaBright Holdings Inc.

The Deepwater Horizon explosion triggered the worst offshore environmental disaster in U.S. history and humbled BP PLC, one of the world's largest companies.

Nearly all women in the United States are involved in household finance decisions and one-fourth of them are in control, yet many lack confidence in their fiscal management abilities, a July study found.

In this Nov. 3, 2009 file photo, a CVS pharmacy sign is seen opposite the interior of one of the CVS locations, in Providence, R.I. CVS Caremark Corp.

The health insurance industry has won a concession from the Obama administration on insurance coverage for children.

A WILTSHIRE fraudster who made A 2m by exploiting a loophole in one of Britain's biggest pension firms was jailed for three years at Swindon Crown Court today.

Ace Ltd. reported a 25% increase in quarterly net income late Tuesday as the insurance and reinsurance company realized fewer investment losses than a year earlier.

The disconnect between Wall Street and Main Street is growing. Americans' confidence in the economy faded further in July, according to a monthly survey released yesterday, amid job worries and skimpy wage growth.