(Reuters) - U.S. insurer MetLife Inc (MET.N) on Wednesday posted a 43% drop in quarterly adjusted earnings, spurred by declining premium income and private equity investment losses. Adjusted earnings fell to $758 million in the second quarter from $1.3 billion a year earlier, MetLife said. Excluding items, MetLife earned 83 cents per share compared with $1.46 per share a year ago. Analysts estimated earnings of 91 cents per share for the second quarter ending June 30, according to Factset,...

(Reuters) - With U.S. insurance companies facing criticism and lawsuits over their response to the coronavirus outbreak, three industry groups on Thursday proposed putting the U.S. Federal Emergency Management Agency in charge of a taxpayer-backed program to protect businesses from revenue losses during future pandemics. The program would allow businesses to buy “revenue replacement assistance” - up to 80% of payroll and other expenses - based on past years’ tax return data, the groups...

(Reuters) – U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims. The legislation, introduced by Rep. Carolyn Maloney, a Democrat from New York, would provide up to $750 billion in taxpayer funds to pay insurance claims for business loss revenue during future pandemics. Insurers would first have to pay out a total of $250 million in losses,...

(Reuters) - U.S. legislation introduced on Tuesday would create a taxpayer-backed insurance program to protect businesses from revenue losses during future pandemics and require insurers to pay a slice of the claims. The legislation, introduced by Rep. Carolyn Maloney, a Democrat from New York, would provide up to $750 billion in taxpayer funds to pay insurance claims for business loss revenue during future pandemics. Insurers would first have to pay out a total in $250 million in losses,...

(Reuters) - As U.S. businesses reopen after weeks of pandemic lockdowns, many have been posting coronavirus disclaimers or requiring employees and patrons to sign waivers before entering. From hair salons and recreation centers to stock exchanges and wedding photographers, the notices have sprung up across the country, asking guests to acknowledge they might contract a disease that has so far killed over 100,000 Americans. [GRAPHICS LINK here] Companies are using signs, forms and website...