insurance

The number of Americans filing new claims for unemployment insurance surged to the highest levels in 16 years, and the number of people continuing to collect benefits neared a 26-year high, the government said Thursday.

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Insurance firms see a lucrative market opening up to sell policies to NHS patients after the decision to lift the top-ups ban.

The number of Americans filing new claims for unemployment insurance last week was higher than economists expected, indicating continued weakness in the nation's economy.

Both presidential candidates want to turn employer-sponsored health insurance on its head. A principal goal: to make sure more Americans get coverage.

The number of out-of-work Americans filing new claims for unemployment insurance rose last week, the government said Thursday, reflecting continuing weakness in the nation's economy.

The new boss of US insurance giant AIG describes the perilous outlook at the firm before last month's $85m rescue package.

Insurance market Lloyd's of London says it estimates Hurricanes Gustav and Ike will cost it £1.3bn ($2.34bn) in claims.

Insurance and banking group ING is to receive a cash injection from the Dutch government, officials say.