Topic: Insurance Carriers
Chile quake to cost insurers 'up to $7 bln'
AFP Global Edition
Reinsurance giant Swiss Re on Wednesday estimated that insurers will have to pay up to 7.0 billion dollars (5.16 billion euros) for damages arising from the deadly earthquake in Chile. "This latest earthquake will lead to significant insurance claims for property damage and business interruption which are designed ...
Swiss Re puts Chile quake insurance cost at $4-7BN
AP News
Swiss Re puts total cost to insurance industry of Chile quake at $4-7 billionSwiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG. Swiss Re said it is common practice ...
Shares of bailed out companies surge
AP News
Bailed out companies see shares rise on hopes that government rescues could be winding downShares of four companies that have received huge infusions of taxpayer cash soared Tuesday after a report that the government would sell its stake in Citigroup Inc. raised hopes that other bailed-out companies would follow. Shares ...
Humana CEO compensation for 2009 jumps 26 percent
AP News
Health insurer Humana hikes CEO compensation 26 percent in 2009, mostly due to bonusHealth insurer Humana Inc. paid CEO Michael B. McCallister 26 percent more last year than in 2008, largely because of a $1.8 million performance-related bonus. McCallister, 57, received compensation valued at $6.5 million for 2009 ...
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