Insurance

U.K. Flood Claims May Reach as Much as $165 Million for Insurers, ABI Says The cost to insurance companies of this week’s flooding in parts of the U.K. may be as much as 100 million pounds ($165 million), according to the Association of British Insurers.

AIG Investment Unit Renamed PineBridge Before Sale to Li's Pacific Century American International Group Inc.’s fund management arm has been renamed PineBridge Investments as the bailed-out insurer prepares to sell the unit to Pacific Century Group.

Buffett Taps JPMorgan, Wells Fargo for $8 Billion Loan in Burlington Deal JPMorgan Chase & Co. and Wells Fargo & Co. are arranging an $8 billion loan for Warren Buffett’s Berkshire Hathaway Inc. to help finance the takeover of railroad Burlington Northern Santa Fe Corp.

Sun Life Needs Acquisition for U.S. Life-Insurance Expansion, Boscia Says Sun Life Financial Inc. needs to make an acquisition in the U.S. life-insurance market if Canada’s third-largest insurer wants to significantly expand there, President Jon Boscia said.

Cigna Seeks Growth in China, Other Non-U.S. Markets Amid `Seismic Shocks' Cigna Corp., the U.S. health insurer with the best-performing shares, said it will seek to expand in China and elsewhere abroad while facing the “seismic shocks” of a recession and health-care overhaul at home.

Whole Foods Holds Out Carrot of Store Discounts to Workers Who Lose Weight Whole Foods Market Inc., the largest U.S. natural-goods grocer, plans to sweeten store discounts to employees who lose weight and measurably improve their health.

Swine Flu Cases in Europe Show Mutation, Resistance to Tamiflu Treatment Swine flu infections in which the virus mutated to a form that’s more severe or less sensitive to drug treatment are being investigated by European and U.S. public health officials.

House, Senate Versions of Health-Care Legislation: Side-by-Side Comparison The Senate and House have released different versions of legislation to overhaul the U.S. health- care system, with the goal of expanding coverage to tens of millions of uninsured Americans and curtailing medical costs.

Lloyd's Appeals Ruling on Legal Costs Tied to Colombian Drug Eradication Lloyd’s of London underwriters appealed a Delaware court’s ruling that assigned them liability for legal costs tied to more than 3,000 people seeking damages from a U.S.-sponsored plan to eradicate drugs in Colombia.

Breast Cancer Test Debate May Shape Political Battle on Overhaul for Years A medical debate over breast-cancer screening that has turned political may set the tone for a battle over President Barack Obama’s health-care overhaul that will resonate for years.