Insurance News


Weekly scorecard

Lifetime Sports Academy : The program that teaches sports skills and values to children from throughout the city wraps up its 13th year, with this year's enrollment topping 1,700. WellPoint: Indianapolis-based health insurance giant posts a second-quarter net profit of $722 million.


Buffett-signed spoon a scoop for charity

Dairy Queen President and CEO John Gainor holds a 33-inch, red Dairy Queen spoon for Warren Buffett to sign at the Berkshire Hathaway shareholders meeting in May.


Tuesdays: Live Warren Watch chats

Johnson Sash & Door is a family owned and operated Window and Door Company that has been doing business in the Omaha area since 1932.


Ny Ag announces probe of life insurance industry

State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die.


Genworth hit by lapse concern, housing caution

Genworth Financial Inc. shares dropped more than 15% Friday on concern about higher lapse rates in the company's life insurance business.


Berkshire succession plans point company east

The search for successors to Berkshire Hathaway Chairman and Chief Executive Warren Buffett took a big leap forward Friday after The Wall Street Journal reported that Chinese hedge-fund manager Li Lu is a leading candidate to oversee part of the company's giant investment portfolio.


Most actively traded companies on the TSX, TSX Venture Exchange markets

Some of the most active companies traded Friday on the Toronto Stock Exchange and the TSX Venture Exchange: Toronto Stock Exchange : Osisko Mining Corp.


Caterpillar picks N.C. for equipment plant

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.


MetLife rallies as analysts boost estimates

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.


N.C. hoping to land Caterpillar plant, 500 jobs

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


MetLife, Genworth swing to quarterly profits

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


Death benefit controversy overdone: FBR analysts

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





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