Japan Dai-ichi Life to buy insurer Protective Life
AP - Wed Jun 04, 2:16AM CDT
TOKYO (AP) — Japanese insurer Dai-ichi Life Insurance Co. is acquiring Protective Life Corp. of the U.S. for $5.7 billion.
MetLife to pay $60M in NY state licensing probe
By JENNIFER PELTZ - AP - Mon Mar 31, 4:32PM CDT
NEW YORK (AP) — Insurer MetLife will pay $60 million to resolve claims that two subsidiaries solicited business without state licenses and lied to regulators about the extent of their New York operations, courting multinational clients in such spots as a Manhattan dining room while saying they didn't seek customers in the state, authorities announced Monday.
A.M. Best Upgrades Ratings of Life Insurance Company of Alabama
Business Wire - Wed Feb 26, 3:16PM CST
A.M. Best has upgraded the financial strength rating to B++ (Good) from B+ (Good) and the issuer credit rating to "bbb" from "bbb-" of Life Insurance Company of Alabama (LICOA) (Gadsden, AL) [OTCBB: LINSA]. The outlook for both ratings has been revised to stable from positive.
Md. health exchange website for businesses delayed
By BRIAN WITTE - AP - Tue Jan 28, 9:09AM CST
ANNAPOLIS, Md. (AP) — Maryland's health exchange board approved a plan Monday to allow eligible small businesses to begin offering employees small group health plans and to access federal tax credits in April, but the state is pushing back the launch of a website for the program until Jan. 1, 2015.
IRS nominee on track for approval despite acrimony
By STEPHEN OHLEMACHER - AP - Tue Dec 10, 3:10PM CST
WASHINGTON (AP) — President Barack Obama's choice to head the Internal Revenue Service told senators Tuesday he will work to restore public trust in the agency in the wake of the tea party scandal even as the IRS takes on new responsibilities administering the president's health care law.
ND to receive $171K in life insurance settlement
AP - Tue Dec 10, 1:24PM CST
BISMARCK, N.D. (AP) — North Dakota's insurance commissioner says the state will receive more than $171,000 as part of a multi-state settlement with a life insurance company group.
Md. approves policies, rates for health exchange
AP - Tue Sep 17, 1:26PM CDT
BALTIMORE (AP) — Thirteen carriers have been approved to sell health benefit plans to small businesses through the new exchange, Maryland health officials said Tuesday.
Miss., Tenn. marketing firms team up
AP - Fri Sep 13, 10:44AM CDT
JACKSON, Miss. (AP) — Agencies in Jackson and Nashville, Tenn., have sealed a partnership agreement designed to grow their business in public relations, marketing, advertising and branding.
Delaware panel eyes health care reform plan
RANDALL CHASE - AP - Thu Aug 08, 11:21AM CDT
DOVER, Del. (AP) — Delawareans will soon be bombarded with information about a new health insurance exchange being set up under the federal health care reform law.
Conn. Insurance Dept. approves rates for exchange
By SUSAN HAIGH - AP - Tue Aug 06, 8:18AM CDT
HARTFORD, Conn. (AP) — The Connecticut Insurance Department approved rates for both individual and small group insurance plans that will be offered under the state's new health insurance exchange, beginning this fall.
Aetna dropping out of Conn. health exchange
By SUSAN HAIGH - AP - Mon Aug 05, 1:03PM CDT
HARTFORD, Conn. (AP) — The Hartford-based Aetna Life Insurance Co. has informed state insurance officials that it has withdrawn from Connecticut's health insurance exchange, which is poised to begin open enrollment this fall.
Obama picks restructuring expert to take over IRS
By NEDRA PICKLER and STEPHEN OHLEMACHER - AP - Thu Aug 01, 7:38PM CDT
WASHINGTON (AP) — President Barack Obama has chosen a retired corporate and government official with experience managing numerous organizations in crisis to take over an Internal Revenue Service under fire for targeting political groups.
Md. insurance official approves health care rates
By BRIAN WITTE - AP - Fri Jul 26, 3:50PM CDT
ANNAPOLIS, Md. (AP) — Newly approved rates for health plans that will be sold in the individual market through Maryland's new health benefit exchange will have some of the lowest costs among the 12 states that have either proposed or approved rates, the state's insurance commissioner said Friday.
NC customers due rebates from health insurers
AP - Fri Jun 21, 8:03AM CDT
RALEIGH, N.C. (AP) — Nearly 193,000 North Carolina customers will get rebates averaging $87 this summer because their health insurance company could not keep overhead costs down, the U.S. Health and Human Services Department said Thursday.
MetLife must pay $2M tax-amnesty fine, court rules
By JOHN O'CONNOR - AP - Thu Jun 20, 5:59PM CDT
SPRINGFIELD, Ill. (AP) — Metropolitan Life Insurance Co. is on the hook for a $2.2 million tax penalty imposed by a 2003 amnesty program even though it didn't know it owed extra taxes at the time, the Illinois Supreme Court ordered Thursday.
Mass. insurance settlement raised to $5.25M
AP - Wed Jun 19, 12:23PM CDT
BOSTON (AP) — A company authorities say used deceptive practices to sell supplemental health insurance to veterans and other Massachusetts residents will now pay more than $5 million to settle case.
Panel considers 5 candidates for NM post
By BARRY MASSEY - AP - Fri Jun 07, 2:50PM CDT
SANTA FE, N.M. (AP) — Five government, insurance and health care officials are in the running to manage New Mexico's newly independent insurance regulatory agency.
Ally, ResCap ink pact to settle potential claims
AP - Tue May 14, 12:46PM CDT
NEW YORK (AP) — Ally Financial Inc. said Tuesday that it agreed to back a settlement plan to resolve potential financial claims stemming from its bankrupt mortgage division, Residential Capital LLC.
Cigna appoints McCarthy as CFO
AP - Mon May 13, 4:52PM CDT
BLOOMFIELD, Conn. (AP) — Cigna Corp. said Monday that it has appointed Thomas A. McCarthy as its executive vice president and chief financial officer.