IBC, Michigan Blues buy in to potential for Medicaid managed care

Two Blue health insurers are partnering to acquire interest in one of the largest Medicaid companies in the U.S. to better serve beneficiaries in light of looming changes to the program, starting in 2014.  Read Story

BB&T Insurance now selling homeowners’, travel policies online

A Winston-Salem, N.C.-based insurance company announced that its members now can buy homeowner’s and travel insurance, as well as other products, on its website.

The company operates in Maryland, Virginia and ...  Read →  Read Story

Aug. 8 (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bid $3.25 billion in an unsolicited offer for Transatlantic Holdings Inc., seeking to break up a deal the target company had ...  Read →  Read Story

The National Association of Insurance Commissioners (NAIC) and Standard & Poor's seem to have differing views on insurers' risk since the U.S. government debt downgrade last week.  Read Story

10 insurers with direct, indirect U.S. risks see S&P ratings drop

Standard & Poor's Ratings Services lowered to “AA+” from “AAA” its long-term counterparty credit and financial strength ratings on the member companies of five U.S. insurance groups, following its lowering of the U.S.'s credit rating last week.  Read Story

Companies bankrupt after ‘deceptively’ selling discount health plans

Two insurance companies were ordered to pay restitution and change their marketing methods after “deceptively” selling discount health plans as health insurance to Massachusetts consumers in a $2.4 million civil judgement.  Read Story

Long-time Wash. insurance agent defrauds dozens of oral surgeons

A Des Moines, Wash., insurance agent pleaded guilty to eight counts of first degree theft for selling fake insurance to more than 40 oral surgeons in two western states.  Read Story

Minn. insurer acquires technology provider to design health exchanges

A Golden Valley, Minn.-based health provider signed an agreement to acquire a technology services company to design health care exchanges that better attract and serve insurance consumers.  Read Story

We all have to say no at times. Some people find it easier than others. What is interesting is that almost all of us struggle with the right way to say it.  Read Story

Investments of insurers ‘unaffected’ by S&P’s U.S. ratings downgrade

Insurers' investments should not be affected by the decision of Standard & Poor's Ratings Service to lower the U.S. government's credit rating, according to state insurance commissioners.  Read Story