Health insurance companies around the country are seeking rate increases of 20 percent to 40 percent or more, saying their new customers under the Affordable Care Act turned out to be sicker than expected. Federal officials say they are determined to see that the requests are scaled back.
President Barack Obama called on Republicans to find a bipartisan way to fix problems in the nation’s health care system rather than continue to fight over the Affordable Care Act.
A judge has tentatively approved a settlement between Farmers Insurance and Texas that would resolve a long-running lawsuit alleging massive overcharges by the company in its homeowners policies.
Health insurer Aetna is set to buy Humana for $37 billion, making the acquisition the largest ever in the insurance industry.
Alliant Insurance Services has acquired Preferred Concepts, a program underwriter and wholesale broker with offices in New York, New Jersey, and Connecticut.
ACE Ltd., U.S. operations based in Philadelphia, will pay $28 billion for New Jersey-based Chubb.
AmeriHealth New Jersey announced the appointment of Ken Kobylowski to senior vice president of provider contracting and network operations.
Following the ruling last week by the Supreme Court that it would uphold federal subsidies for health insurance plans purchased through the federal exchange, Pennsylvania Gov. Tom Wolf announced that his state would abandon its quest to create its own online marketplace.
Liberty Mutual has launched a program in six states that provides premium discounts for homeowners who use “smart” technology in their homes to monitor smoke and carbon monoxide detectors.
Willis Group Holding and Towers Watson today announced the signing of a definitive merger agreement under which the companies will combine, forming an entity valued at $18 billion.
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