Regional news:
Quiet hurricane season could lower reinsurance rates
The quietest U.S. Atlantic hurricane season in decades will lead to a low double-digit fall in related catastrophe reinsurance pricing in the key 2014 renewals, according to Fitch Ratings.
WILMINGTON, Del.- A new survey from Cigna and the National Foreign Trade Council shows areas of dissatisfaction among the globally mobile workforce that may jeopardize employees’ successful completion of assignments outside their home countries and diminish their employers’ return on investment in them.
Markel settles with NY for $3.75M over student insurance charges
Filed in: Health Insurance News, National, New York, Property-Casualty Insurance News, Virginia
New York Attorney General Eric T. Schneiderman and Department of Financial Services Superintendent Benjamin M. Lawsky announced a settlement with Markel Insurance Co., resolving an investigation into Markel’s practice of overcharging college students on their health plans.
Obamacare happy hour? Obama urges creativity in touting health law
Engle Martin & Associates Inc., a national independent loss adjusting and claims management provider, has acquired PT&C Forensic Consulting Services, headquartered in Atlanta. PT&C Forensics specializes in forensic engineering, fire and explosion origin and cause, subrogation, special investigation, building consulting, and expert testimony services.
Insurance industry software provider Applied Systems Inc., headquartered in University Park, Ill., has signed a definitive agreement to be acquired by private equity investment firm Hellman & Friedman, which has offices in New York, San Francisco and London.
The Supreme Court issued no comment as it decided to not hear arguments by Lynchburg, Va.-based Liberty University in its attempt to overturn a significant part of the Obama administration's health care law.
Subsidized enrollment in Obamacare could increase
Filed in: Health Insurance News, Maryland, National, New Jersey, New York, Pennsylvania, Virginia
An Avalere Health analysis finds that as of Nov. 2, only 30% of exchange applicants are eligible for federal subsidies to reduce their monthly insurance premiums and out-of-pocket costs for medical care.
When Medicaid expands next year under the federal health law to include all adults living close to the poverty line, one group of eligible beneficiaries will be several million men and women who have spent time in state and federal prisons and jails.
Global insurers are regaining their appetite for mergers and acquisitions (M&A), according to a survey of senior insurance M&A executives conducted by global professional services company Towers Watson in conjunction with global intelligence provider Mergermarket.
According to a proposed rule put forth by the Department of Health and Human Services, consumers in 2015 will pay a user fee equal to 3.5% of premiums for plans purchased through the health insurance marketplace. The fee would be the same as the fee to be paid in 2014.
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USI Affinity, DC Bar enhance lawyer liability program
Chesapeake Employers’ Insurance Company earns A- rating from A.M. Best
Michael Browne, Harleysville president and CEO, to retire May 1
Firm introduces private market flood insurance in New Jersey
A physician from Valley Stream, N.Y., has been acquitted in federal court of all charges in a $275 million scheme to defraud no-fault auto insurers. Read »
Six defendants were sentenced today before United States District Judge Jean C. Hamilton for their roles in one of the largest frauds ever prosecuted in the Eastern District of Missouri. Read »
