Life and Health Insurance
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Meiji Yasuda, one of Japan's three largest life insurers, had said last month that it would consider buying higher-yielding foreign bonds as the central bank's policies were expected to erode the already marginal yields on Japanese government debt. Japan's life insurers hold roughly half of their assets in JGBs.
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TOKYO, May 24- Japanese government bond prices mostly fell on Friday, though they pared losses as the stock market wildly gyrated and the benchmark yield remained well shy of the one percent threshold touched a day before. The Bank of Japan's regular bond-buying operation also provided some support to prices.
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LOS ANGELES, May 23- California unveiled prices on Thursday that consumers will pay for a selection of health plans offered through the state under the Affordable Care Act, providing a glimpse into how health care reform may look as it is rolled out across the nation.
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SANTA FE, N.M.-- New Mexico is switching gears on its plan for a health insurance exchange and initially will partner with the federal government for computer services needed for an online insurance marketplace.
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*Pilot scheme in Jakarta triggered overcrowding at hospitals. JAKARTA, May 20- When a sick Indonesian baby died after 10 hospitals in Jakarta turned her family away in February, critics blamed a pilot health insurance scheme that had overwhelmed the city's public hospitals.
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LANSING, Mich.-- A continuation of a 1 percent tax on health insurance claims passed Michigan's Senate Thursday, but yet to be resolved is how to ensure the levy brings in enough revenue for Medicaid, which serves 1.9 million low-income state residents. Rick Snyder's proposed expansion of Medicaid eligibility to 320,000 more low-income adults.
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MADISON, N.J.-- Health insurer Humana is selling a toxicology and clinical lab business, a division of its Concentra health care provider, to Quest Diagnostics Inc.. The Madison, N.J., company's first-quarter net income fell 15 percent as people cut back on medical spending and more Medicare reimbursements cut into revenue.
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Health insurance was already evolving before the Affordable Care Act. But this year the law's sweeping changes will reshape how you get health care.
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NEW YORK, May 15- After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial incentives to prod its tradition-bound sales force outside its comfort zone.
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TOKYO, May 14- Asian shares steadied on Tuesday, snapping a two-day losing streak as a suprising rise in U.S. retail sales boosted optimism about the recovery in the world's largest economy, but the dollar took a breather after recent broad gains ahead of more data.
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BLOOMFIELD, Conn.-- Cigna Corp. said Monday that it has appointed Thomas A. McCarthy as its executive vice president and chief financial officer. McCarthy, currently Cigna's vice president of finance, will succeed Ralph J. Nicoletti in July. The company, based in Bloomfield, Conn., said that McCarthy will draw from many years of experience and success at Cigna.
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Under Obamacare, employers offering more generous benefits to highly paid workers could face fines of $100 a day for every worker who doesn't get the perks, up to $500,000.
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May 8- The Obama administration on Wednesday revealed what hospitals charge for medical procedures commonly performed on Medicare beneficiaries including the elderly and disabled. But analysts note that the charges are much higher than the prices that Medicare and private health insurers actually pay for hospital service.
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CHICAGO, May 07 Fitch Ratings has affirmed the' A' Issuer Default Rating of Aetna Inc. and the' AA-' Insurer Financial Strength ratings of various Aetna insurance operating subsidiaries and removed the ratings from Rating Watch Negative.
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More than 70 percent of those responding to a recent survey by Merrill Lynch said that outliving their good health was more of a concern than outliving their money.
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BRUSSELS, May 6- The following are mergers under review by the European Commission and a brief guide to the EU merger process:. --RAG trust and buyout firm CVC Capital Partners to sell part of their shares in German chemicals company Evonik Industries.
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PARIS/ LONDON, May 03 Fitch Ratings has affirmed all AXA entities' Insurer Financial Strength ratings at' AA-'. Fitch has also affirmed AXA SA's Long-term Issuer Default Rating at' A' and Short-term IDR at' F1'. Fitch has also assigned Deutsche Arzteversicherung an IFS rating of' AA-' and AXA Global P&C an IFS rating of' A+'.
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LONDON, May 03 Fitch Ratings has affirmed Aegon N.V.' s Long-term Issuer Default Rating at' A' and senior unsecured debt at' A-'. Fitch has also affirmed Aegon's primary North American life insurance subsidiaries Insurer Financial Strength ratings at' AA-'.
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MADRID, May 3- Sabadell said on Friday it was taking full control of life insurer Mediterraneo Vida by buying a stake from Dutch firm Aegon, as banking reforms put an end to once-popular insurance joint ventures in Spain. Spain's fifth biggest bank, Sabadell paid Aegon just under 450 million euros for the 49.9 percent stake it did not yet own in Mediterraneo Vida.
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**Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts.