LONDON, June 18- Insurers should not be forced to hold extra capital just because of their size, because the extra cost would simply be passed on to consumers, U.S. regulators said on Tuesday. The U.S. Financial Stability Oversight Council will publish its own list shortly of systemic U.S. insurers.» Read More
SANTA FE, N.M.-- More than 30,000 state and local government workers face a 15 percent increase for their health care insurance starting next month, but it could be only the beginning of higher costs as New Mexico's self-insurance program digs out of a financial hole.
Months before Americans buy coverage under Obamacare, it's becoming clear that choices for millions of people will vary depending on where they live. The NYT reports.
Home warranties are supposed to provide peace of mind. But in many cases, people who try to use them when something breaks experience disappointment and frustration.
*Co-op Bank to be listed on London Stock Exchange. LONDON, June 17- Britain's Co-operative Group has agreed a plan to plug a 1.5 billion pound capital hole at its bank which forces bondholders to pay part of the bill, avoiding a repeat of the taxpayer-funded bailouts staged during the financial crisis.
Rodney Martin, ING U.S. chairman & CEO, explains why the nation needs to redefine retirement and shares his company's plans to re-brand its business for "retirement readiness" planning.
NEW YORK, June 13- When the state of Mississippi begins offering subsidized health insurance under President Barack Obama's reform law this year, residents will have only one choice- Magnolia Health Plan- a small insurer little known in most of the country.
ST. PAUL, Minn.-- The call center for Minnesota's new health insurance marketplace will be operational Sept. 3 to help prepare consumers for buying coverage when open enrollment begins a month later, officials said Wednesday.
Founded in 1845 in Cape Town, Old Mutual is now a FTSE100-listed international savings group and insurer. David Marshall, strategy director for the firm, says the company's core focus remains on the continent and believes risks are often exaggerated.
NEWARK, N.J.-- Insurer Prudential Financial Inc. said Tuesday its board approved the repurchase of up to $1 billion in company stock. The company can repurchase up to $1 billion in shares between July 1 and June 30, 2014.
NEW YORK-- Shares of CardioNet Inc. surged Tuesday after the company said health insurer UnitedHealth will cover its heart monitoring devices. THE SPARK: CardioNet said all UnitedHealth Group Inc. plans will start covering its products July 1.
Shares of Catamaran Corp. continued climbing Tuesday, as analysts lauded a new agreement the pharmacy benefits manager reached to work with health insurer Cigna Corp.. THE SPARK: Cigna, the fourth-largest U.S. health insurer based on enrollment, said Monday that it agreed to a 10- year partnership with the pharmacy benefits manager.
MONTPELIER, Vt.-- The board overseeing efforts to overhaul Vermont's health insurance system said Monday it has begun reviewing the rates customers will be expected to pay under the Vermont Health Connect exchange.
Shares of Catamaran Corp. soared in premarket trading Tuesday a day after health insurer Cigna Corp. said it will enter into a 10- year partnership with the pharmacy benefits manager.
WASHINGTON, June 10- The Democratic-run U.S. Senate passed a $500 billion, five-year farm bill on Monday that expands a taxpayer-subsidized crop insurance program and rejects sweeping cuts in food stamps for the poor being pursued in the House of Representatives.
A unit of Dubai Holding, the investment arm of Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum, Dubai Group has a portfolio of mainly financial services assets bought during the boom years of the mid-2000s, but which have plunged in value since the 2008 global financial crisis.
June 10- U.S. insurer Travelers Co Inc said it would buy Dominion of Canada General Insurance Co from E-L Financial Co Ltd for about $1.1 billion to boost its presence in Canada. Travelers' shares were down marginally at $82.79 in early trade on the New York Stock Exchange.
June 10- Travelers Co Inc said it would buy Dominion of Canada General Insurance Co from E-L Financial Co Ltd for about $1.1 billion to boost its presence in Canada.
SANTA FE, N.M.-- Five government, insurance and health care officials are in the running to manage New Mexico's newly independent insurance regulatory agency. Among the candidates are state Insurance Superintendent John Franchini and Milton Sanchez, who directs the Office of Health Care Reform in Gov.
COLUMBUS, Ohio-- Insurers who plan to participate in the new health insurance exchange are projecting their costs to cover Ohioans to be significantly higher, according to an analysis released Thursday by the Ohio Department of Insurance.
Analyst Ralph Giacobbe upgraded LifePoint Hospitals Inc. shares to "Outperform" from "Neutral" and raised his price target on shares of LifePoint, Community Health Systems Inc., and Health Management Associates Inc. Giacobbe said the companies typically have a large share of the markets they operate in, and that will help them as prices for public health insurance exchanges are negotiated.