Latest insurance news
Congress Details Debt Deal As Deadline Nears
Racing the clock to avoid a government default, President Barack Obama and Republican congressional leaders closed in Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts.
Life Insurance Purchasing Habits Changing
It has long been said that life insurance is a product that is sold, not bought. Yet a new study finds that Americans’ preferences for purchasing life insurance are shifting towards direct buying methods. While two thirds of consumers (64 percent) still prefer to buy life insurance from an insurance or financial professional, that number is down from 1996, when 8 in 10 (80 percent) preferred to buy the product face-to-face.
Humana Beats 2nd-quarter Wall Street Estimates
Humana Inc. posted a 35 percent surge in second-quarter profit Monday, easily beating Wall Street views, as more people enrolled in the health insurer's Medicare plans while existing members made less use of its health care services.
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