The Hartford to sell unwanted units to Forethought Financial Group
Hartford Financial Services Group struck a deal with Forethought Financial Group, a privately held financial services company, to sell its its individual annuity operations.Terms of the deal, which...
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Wellpoint buys contact lens retailer to make itself more farsighted
A major managed care provider is buying the largest direct-to-consumer contact lens retailer as it seeks expand its role in its members lives and in health services.Angela F. BralyIndianapolis-based...
View ArticleAssurant agrees to return $2.75M in premiums to Indiana policyholders
The Indiana Department of Insurance reached an agreement with three Assurant Health subsidiaries to return money to Indiana small-group health insurance policyholders after charging unapproved...
View ArticleKeystone Insurers Group adds second Georgia insurance agency partner
Keystone Insurers Group has added its second property-casualty insurance agency as a franchise partner in Georgia.The Northumberland, Pa.-based insurance broker added Brunswick, Ga.-based agency,...
View ArticleHealth insurers forced to send out $1.1 billion in rebates
Health insurers will have to pay back $1.1 billion in rebates this summer as part of federal health reform, with large-group plans paying out more than small-group and individual plans.The rebates,...
View ArticleMajor health insurer to pay $90M to former Anthem workers
WellPoint agreed to pay $90 million to settle a class-action lawsuit against its Anthem unit after accusations that it unfairly compensated former members when Anthem shifted from a mutual to a stock...
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WellPoint buying Amerigroup to prepare for state health exchanges
WellPoint is acquiring Amerigroup Corp., a managed care company, as it jockeys for position in the wake of ongoing changes as a result of federal health reform.Angela F. BralyWellPoint will pay $92 per...
View ArticleMain Street America Group completes Austin Mutual affiliation
The Main Street America Group completed its affiliating with Austin Mutual Insurance Co., giving it greater access to midwest and western states.The affiliation of Austin Mutual, a Maple Grove,...
View ArticleEastern Alliance expands its ‘pay-as-you-go’ workers’ comp. program
Eastern Alliance Insurance Group is expanding its “pay-as-you-go” workers’ compensation solution through a new ParallelPay Partner program.The Lancaster, Pa.-based regional insurer introduced the...
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WellPoint’s CEO Braly abruptly resigns her position
Angela F. Braly, chairwoman and chief executive of WellPoint, the nation’s second-largest health insurer, resigned abruptly Aug. 28, giving into pressure from investors.Angela F. BralyBraly, 51, had...
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