Group loses bid to halt Horizon limits on small business health plans

New Jersey’s interim insurance commissioner denied a medical group’s request to halt the state’s largest health plan’s effort to limit benefits at out-of network surgical centers.

Neil Jasey

The ruling by ...  Read →  Read Story

Aetna posts ‘disappointing’ numbers for second quarter

National health insurer Aetna disappointed its shareholders again with its second quarter numbers, showing a 28% decrease in operating earnings and “significantly higher” commercial medical costs.

The results continued to fuel ...  Read →  Read Story

AIG renames AIU unit Chartis, continues with spinoff

American International Group is working to spin off its property-casualty insurance business and has renamed it Chartis.

Chartis, whose predecessor, AIU Holdings, was profitable last year, is a separate entity, owned ...  Read →  Read Story

Delaware court affirms reduction of workers’ compensation rates

The Delaware Court of Chancery upheld a decision by the Delaware Department of Insurance to reduce workers’ compensation rates in the state, a move regulators say will save millions of ...  Read →  Read Story

Former Virginia preacher jailed for stealing from church, insurer

The former head of a Virginia Beach, Va., church will serve 10 months in jail for stealing from both his congregation and its insurance company.

Kenneth Leigh Montgomery, 49, of Norfolk, ...  Read →  Read Story

Senate ponders no public insurance plan; House could vote in September

As the final House vote on a health care reform bill will likely be delayed until the fall, the Senate is pondering its own legislation that may omit key Democratic ...  Read →  Read Story

Agent groups weigh in on new national insurance office proposal

Two national insurance agents groups are commending the Obama Administration for the clarity of language included in new details of its proposed Office of National Insurance, although one of the ...  Read →  Read Story

Businesses seem to be waiting for government stimulus money to trickle down into their cash flow. Unfortunately, few people seem aware of the glacial slowness of big government. Rather than ...  Read →  Read Story

At the request of the company, A.M. Best said it has withdrawn the ratings of the Senior Health Insurance Co. of Pennsylvania.

The ratings service announced it has affirmed the financial ...  Read →  Read Story

Five charged with insider trading ahead of Liberty Mutual’s deal to buy Safeco

Five people, including a former investment banker at Goldman Sachs & Co., were charged with tipping or trading on confidential information with respect to the sale last year of Safeco ...  Read →  Read Story