The Maryland Insurance Administration has approved the Cigna‘s acquisition of Bravo Health, a Baltimore, Md.-based operator of Medicare Advantage plans.

A total of 19 states and Washington, D.C., reached an agreement with The Prudential Group, one of the largest life insurance companies in the U.S., in a case involving its unclaimed property practices.

A Northumberland, Pa.-based company with more than 230 independent insurance agency franchise partners in seven states, intends to add partners in Georgia in the second quarter.

Keystone Insurers Group, a Northumberland, Pa.-based insurance broker, announced its 11th franchise partner in Tennessee, increasing Keystone’s growth rate to 10% in the state, according to the firm.

A health insurer was banned from operating in Rhode Island for three years and ordered to pay more than $2.3 million in restitution after allegedly engaging in illegal underwriting practices.

Equias Alliance was selected by 10 state associations, including Maryland Bank Services and the Pennsylvania Bankers Association Services Corp., as their exclusive provider for bank-owned life insurance (BOLI), and executive and director benefits consulting services.

Cigna Corp. is buying HealthSpring for $3.8 billion, as the global health insurer expands its reach into the senior and Medicare markets.

The U.S. Department of Health and Human Services (HHS) granted a second round of awards totaling $109 million to 28 states and Washington, D.C., to further implement federal health reform.

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 →

Employer-sponsored insurance (ESI) eroded “significantly” in the last decade, although federal health reform is expected to reverse the decline for small employers, two studies say.