(Reuters) – Shares of several life insurers, including Hartford Financial (HIG.N) and Lincoln Financial Group (LNC.N), rose on Friday after the companies got a preliminary green light to participate in a U.S. funding program. Hartford and Lincoln announced late on Thursday they could receive $3.4 billion and $2.5 billion, respectively, from a U.S. Treasury Funding […]

(Insurancenewsnet) – Property/casualty insurers will emerge from the financial crisis and weakening economy with their resiliency once again proven, Dr. Robert P. Hartwig, president of the Insurance Information Institute (I.I.I.), told attendees at the Casualty Actuarial Society (CAS) Spring Meeting. In a general session, Dr. Hartwig noted that while the P/C insurance industry will be […]

(Dow Jones) – A proposal to cut government payments to the private insurers that administer the U.S. crop insurance program could cause some insurers to drop out, said the chief of their trade group. Insurers “are going to have to take a hard look at the financial wall that is before them,” said Bob Parkerson, […]

(Dow Jones) – Sen. Max Baucus said Friday the health insurance industry may have to compromise on a public insurance option to cover uninsured people or risk losing a spot at the bargaining table.