Recognizing in part the companies’ market presence and brand name recognition, A.M. Best has upgraded the ratings of two of UnitedHealth Group‘s subsidiaries in New York and New Jersey.

The ratings …  Read →

Deeming it an asset that does not fit within the company’s long-term strategy, Coventry Health Care has agreed to sell its fee-based Medicaid Services Business to a Connecticut company for …  Read →

A group of Senate Democrats, led by Sen. Ted Kennedy (D-Mass.), has kicked off debate on the future of health care reform in America with legislation that fails to address …  Read →

Pennsylvania insurance regulators ordered six affiliates of Hartford Insurance Co. and two other auto insurers to change their practices involving a California-based company that performed motor vehicle damage appraisals, records …  Read →

Three subsidiaries of EmblemHealth of New York, N.Y., had their ratings downgraded by A.M. Best because of insufficient reimbursement levels for state-sponsored plans, meaning problems for its medical loss ratio.

A …  Read →

Two civil suits have been filed against American International Group, including one where a California insurance broker alleges that the insurer used funds from its California insurance business to boost …  Read →

A New York-based insurance company, Greater New York Mutual Insurance Co., will pay $45,000 for violating Connecticut state insurance laws, including those regarding rebates and premiums.

The fine comes after a …  Read →

Citing the need to introduce competition in the health insurance market and contain health care costs, a group of 28 U.S. senators introduced a resolution to include a federally-backed health …  Read →

A coalition of 14 major U.S.-based insurance groups is touting the benefits of proposed legislation to close a loophole allowing foreign-based insurers to strip income into tax havens.

The Coalition For …  Read →

Privilege Underwriters Reciprocal Exchange (PURE) is going to offer property-casualty insurance coverage for owners of high-value homes in New York.

Ross Buchmueller

“PURE recognizes that homeowners today are seeking smarter financial …  Read →