Nick Skipper, key person insurance expert at Willis Global Insurance Brokers, says that "key man insurance" can be taken out by firms to protect the most important people in the company.» Read More
CNBC's Berth Coombs discusses why employees are willing to change their health care plans and what that means for insurance companies.
WASHINGTON, March 5- The Obama administration on Wednesday said it would allow health insurers to extend plans that fail to comply with its signature health law for an additional two years, a move Republicans quickly condemned as a politically motivated delay. "This reeks of politics," said Brendan Buck, spokesman for House Speaker John Boehner.
WASHINGTON, March 5 (Reuters)- The Obama administration said on Wednesday it would allow health insurers to extend plans that fail to comply with its signature healthcare law for an additional two years, giving some consumers the option of keeping their policies into 2017..
WASHINGTON, March 5- The Obama administration said on Wednesday it would allow health insurers to extend plans that fail to comply with President Barack Obama's healthcare law for an additional two years, giving some consumers the option of keeping their policies into 2017..
OBAMA ADMINISTRATION SAYS IT WILL ALLOW HEALTH INSURERS TO RENEW FOR AN ADDITIONAL TWO YEARS CURRENT CUSTOMERS' HEALTH PLANS THAT DO NOT COMPLY WITH OBAMACARE.
The bill would limit annual increases of any individual policy under the National Flood Insurance Program to 18 percent.
WASHINGTON, March 4- The Obama administration will allow consumers to extend health insurance plans that fail to comply with President Barack Obama's healthcare law beyond 2014, according to three people familiar with the matter.
Several insurers, including Molina Healthcare, which administer health plans for California's Medicaid program for the poor are asking states to step in and pay for Gilead Sciences Inc's Sovaldi, a drug that costs $84,000 per patient.
*Canada's third-largest lender caps off strong bank earnings period. TORONTO, March 4- Bank of Nova Scotia capped off Canada's bank earnings period with a higher quarterly profit and a dividend increase on the back of strong domestic lending volumes and wealth management income, but its international retail operations posted softer results.
March 4- Warren Buffett is seeking to reassure shareholders about how his Berkshire Hathaway Inc will perform in the decades after he steps down or dies, but remains as vague as ever about succession plans. Jeff Immelt, the CEO at General Electric Co, has been unable to get his company's share price anywhere near the heights achieved by his predecessor Jack Welch.
NEW YORK, March 3- JPMorgan Chase& Co will pay $400 million to settle lawsuits brought by bond insurer Syncora Guarantee Inc over toxic mortgage-backed securities, according to the insurer. Brian Marchiony, a spokesman for JPMorgan, declined on Monday to comment on the Syncora settlement.
The effects of climate change, "if any," have not affected the insurance market, Warren Buffett told CNBC—adding he's not calculating catastrophe probabilities differently.
Billionaire Warren Buffett told CNBC on Monday that he does not see climate change impacting insurance prices "three years or five years from now."
NEW DELHI, March 2- India's opposition Bharatiya Janata Party will consider raising the cap on foreign investment in the insurance sector from the current level of 26 percent if it comes to power after elections due by May, a senior party leader said on Sunday.
NEW YORK, March 1- Berkshire Hathaway released its annual letter to shareholders on Saturday, written with Chief Executive Warren Buffett's usual combination of common-sense advice and belief in the power of investing. Following are highlights of the letter.
NEW YORK, March 1- Warren Buffett's Berkshire Hathaway Inc on Saturday signaled he plans to make more large acquisitions to expand a conglomerate that posted a record profit in 2013, helped by a recovering U.S. economy.
Another alarm has been sounded by health insurers over potential price hikes and benefit cuts for seniors should the U.S slash Medicare Advantage reimbursements again.
LONDON, Feb 28- The bill sent to insurers from storms bringing hurricane strength winds and widespread flooding to parts of Britain since December could reach 1.5 billion pounds, according to consultants at Deloitte.
WASHINGTON, Feb 28- President Barack Obama's ban on discriminatory health insurance practices against the sick has not stopped insurers from increasing up-front charges for the expensive drugs needed to control chronic illnesses from leukemia to multiple sclerosis.
While all insurers faced challenges enrolling customers in Obamacare plans, co-ops faced more scrutiny because they received government funding.