Insurance News
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MetLife Inc., the largest U.S. provider of variable annuities, plans to offer lower returns on new sales of the products as the company copes with declining yields in fixed-income markets.
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Aon Corp., the largest insurance broker, fell the most in 11 weeks as profit missed analysts’ estimates and margins declined at the consulting business.
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Thai Prime Minister Yingluck Shinawatra said floodwaters are starting to recede in provinces north of Bangkok as a tidal surge swelled the Chao Phraya river to record heights, threatening riverside communities.
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Health-maintenance organization Healthspring Inc. was sued over its planned $3.8 billion purchase by Cigna Corp. by an investor claiming the price was inadequate.