July 31- U.S. health insurer Cigna Corp said on Thursday that medical costs for its individual customers were higher than expected in the second quarter, adding to investor worries that spending is on the rise. Cigna shares fell 5 percent, and a sell-off begun early this week in other insurers including Aetna Inc and WellPoint Inc continued.» Read More
July 31- U.S. health insurer Cigna Corp said on Thursday that its second-quarter profit and revenue rose as it took in more healthcare premiums and fees from increased customers in its commercial business.
PARIS, July 31- France's biggest life insurer, CNP Assurances, reported first-half net profit up 3 percent as revenue growth in its main French market helped offset weakness in Latin America. Net insurance revenue rose 7.0 percent in France but declined by 4.2 percent in Latin America, negatively affected by the Brazilian real's depreciation.
TOKYO, July 31- Japanese government bonds fell on Thursday in sympathy with weaker U.S. Treasuries overnight, though dip-buying contained the losses. Buying was seen from regional investors and even from life insurers, market participants said.
Franklin Bass, President of the Aviation Insurance Association, says insurance claims related to recent plane tragedies will exceed $1 billion this year.
July 30- MetLife Inc reported a lower-than-expected quarterly profit as the largest U.S. life insurer paid out more in claims, sending its shares down nearly 2 percent.
July 30- Home and auto insurer Allstate Corp reported a 49 percent jump in quarterly profit as costs fell and the company earned more premiums. On an operating basis, Allstate reported earnings of $1.01 per share. Premiums earned at Allstate's property-liability division rose about 5 percent to $7.20 billion.
WASHINGTON, July 30- Ten months after the botched rollout of HealthCare.gov, Obamacare's federal health insurance exchange is still dogged by cost overruns and technology delays that could hamper enrollment when it resumes in November, a U.S. watchdog said.
July 30- Allstate Corp, the largest publicly traded home and auto insurer in the United States, reported a 48.6 percent rise in quarterly profit as net written premiums rise and operating expenses fall.
July 30- MetLife Inc, the largest U.S. life insurer, reported a quarterly profit that almost tripled, helped by derivative gains. Net profit rose to $1.34 billion, or $1.17 per share, in the second quarter ended June 30 from $471 million, or 43 cents per share, a year earlier.
July 30- U.S. health insurer Humana Inc reported a lower profit owing to higher costs on Wednesday, as mounting concerns about increased medical spending drove health insurance industry shares lower for a second straight day.
Toby Cosgrove, Cleveland Clinic CEO, discusses the impact of the Affordable Care Act on patients, including what they will pay and the strain on the nation's Medicare and Medicaid systems. And Aetna CEO Mark Bertolini, weighs in.
Mark Bertolini, Aetna chairman & CEO, shares his thoughts on the Affordable Care Act. You have to have a more affordable system, says Bertolini.
July 30- U.S. health insurer WellPoint Inc on Wednesday reported a decline in second-quarter profit, but its closely watched medical costs as a percentage of premiums ratio improved and it beat Wall Street estimates. WellPoint beat Wall Street expectations because this ratio was less than foreseen, Leerink Partners analyst Ana Gupte said in a research note.
Mark Bertolini, Aetna chairman & CEO, discusses the company's quarterly results and the impact of the Affordable Care Act.
July 30- U.S. health insurer Humana Inc said on Wednesday that second-quarter profit fell due to investments in the exchanges created under President Barack Obama's healthcare reform law as well as costly new hepatitis C drug treatments. Humana said membership growth and a lower share count due to stock buybacks had helped offset some of the new costs.
It still beat Wall Street expectations, and the nation's second-biggest health insurer raised its profit expectations for the year. For the three months ended June 30, WellPoint's net income declined to $731.1 million, or $2.56 per share, from $800.1 million, or $2.64 per share, in the same quarter a year earlier.
July 30- U.S. health insurer Humana Inc said on Wednesday that second-quarter profit fell due to investments in the insurance exchanges created under President Barack Obama's healthcare reform law as well as costly new hepatitis C drug treatments. Humana said membership growth and share buybacks had helped offset some of the new costs.
July 30- U.S. health insurer WellPoint Inc said on Wednesday that profit fell in the second quarter, partly because of some higher administrative costs stemming from the healthcare reform law and new fees, but it still came in ahead of Wall Street estimates.
DETROIT— The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. The Nissan Leaf, Nissan Juke, Fiat 500 L and Mazda5 wagon all fared worst in the tests performed by the Insurance Institute for Highway Safety, an Arlington, Va.- based safety group that's funded by insurers.
July 29- Aetna Inc, the third-largest U.S. health insurer, reported a rise in medical costs on Tuesday, raising investor concerns that a long run of low growth in such costs might be ending and pushing shares in the industry lower.
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