Business Insurance

AP - American International Group Inc. said Monday that it will sell its American Life Insurance Co. division for $15.5 billion to MetLife Inc. The government-approved deal, AIG's second big asset sale in two weeks, will give the insurer more cash to repay the billions of bailout dollars it still owes the government.

Go to Source

CONCEPCIÓN, Chile—Reinsurers are bracing for claims from the devastating earthquake in Chile that killed hundreds and caused widespread property damage.

Go to Source

AP - Mary Feller's family of three spends nearly $25,000 a year on health insurance premiums, which is more than they pay on their home's mortgage in California's Marin County.

Go to Source

It’s not often that someone is injured at a baseball game by a flying hot dog, but that’s exactly what a fan said happened last season in Kansas City, Mo.

Go to Source

Pharmacy benefit managers and employers are looking to genetic testing as a way to fine-tune prescription benefits.

Go to Source

AP - WHAT HELD THE MARKET BACK: The government said the economy grew at a faster pace last quarter than it had estimated. But disappointing quarterly results from insurer American International Group Inc. raised concerns about the recovery. So did another report of weak home sales.

Go to Source

AP - Canadian financial services holding company Fairfax Financial Holdings Ltd. said Thursday that it will buy all the shares of U.S. insurer Zenith National Insurance Corp. in a deal that values the company at about $1.4 billion.

Go to Source

AP - Health insurer Anthem Blue Cross will postpone its much-criticized plan to raise rates for some California residents who buy insurance on their own, after reaching a deal Saturday with state regulators. Go to Source

Some underwriters for directors and officers liability are moving exclusions to a different location within the policy, which could make them more difficult for policyholders to dispute in court, market observers said.

Go to Source

AP - For the second time this week, President Barack Obama has pointed to one health insurer's major rate hike in California as a doomy harbinger of rising premiums across America.

Go to Source