Insurance News & Info

View full post on Yahoo! Finance: Life Insurance Industry News

View full post on Yahoo! Finance: Life Insurance Industry News

View full post on Yahoo! Finance: Life Insurance Industry News

Congressman to consider bank fee, push buyout firm tax rise Representative Sander Levin, the new acting chairman of the House Ways and Means Committee, said imposing a fee on financial firms is “worth considering” and that he intends to press his proposal to boost taxes on executives at private equity firms. Read more on Asbury [...]

PCCW Says Chairman Richard Li’s Buyout Plans ‘Dead’ (Update1) March 10 (Bloomberg) — PCCW Ltd. said investors should consider as “dead” Chairman Richard Li ’s plan to buy out Hong Kong’s biggest phone company after police began a probe into the bid and judges ruled it had been manipulated. Read more on Bloomberg

Levin to Consider Bank Fee, Push Buyout Firm Tax Rise (Update2) March 5 (Bloomberg) — Representative Sander Levin , the new acting chairman of the House Ways and Means Committee, said imposing a fee on financial firms is “worth considering” and that he intends to press his proposal to boost taxes on executives at private [...]

Pratt Extends Buyout Deadline Pratt & Whitney said today that it will give Connecticut workers an extra week to resign and allow more workers to accept buyouts in an effort to minimize outright layoffs. Read more on Hartford Courant

Fairfax Is Said to Near $1.3 Billion Buyout of Zenith (Update1) Feb. 18 (Bloomberg) — Fairfax Financial Holdings Ltd ., the Canadian insurer run by Prem Watsa , is nearing an agreement to buy California’s Zenith National Insurance Corp. for about $1.3 billion in cash, said two people with knowledge of the matter. Read more [...]

Peru increases buyout rate for insurance coverage PERU — Town officials have agreed to increase the buyout rate for town employees who opt out of the town’s insurance coverage in favor of a spouse’s plan. Read more on Plattsburgh Press Republican