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Integro acquires Florida-based equine insurance broker

Integro acquires Florida-based equine insurance broker

Insurance broker and risk management firm Integro Insurance Brokers has added to its livestock coverage capabilities with the acquisition of Ocala, Fla.-based corporations Jerry Parks Equine Insurance, Inc. and Parks Insurance Corporation. Financial details of the transactions have not been disclosed. Parks Insurance clients include horse owners, […]

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California regulator signs off on $37 billion Aetna-Humana merger

California regulator signs off on $37 billion Aetna-Humana merger

California’s managed-care regulator on Monday approved Aetna Inc.’s $37 billion acquisition of Humana Inc., despite her past criticism of Aetna’s repeated rate hikes for employers. California officials don’t have the authority on their own to block the national insurance merger, but their decisions can be influential as […]

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Life settlement transactions surged in 2015

Life settlement transactions surged in 2015

Transactions in the life settlement market increased 32.6% last year, as the face value of life insurance policies sold hovered around $1.65 billion, the same as the prior year, according to an annual survey of the market from The Deal, a unit of TheStreet. The survey, compiled […]

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Benchmark Obamacare plans to rise up to 18% in 2017

Benchmark Obamacare plans to rise up to 18% in 2017

Premiums for benchmark silver plans sold through Affordable Care Act marketplaces are projected to increase an average 10% – up to 18% – in 2017 across 14 major metropolitan areas, according to a Kaiser Family Foundation analysis. Based on proposed rate filings in 13 states plus the […]

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Former Virginia insurance agents face identity, data breach

Former Virginia insurance agents face identity, data breach

Former insurance agents licensed in Virginia may have had their personal data compromised by a former contractor, according to a notice issued by the State Corporation Commission’s Bureau of Insurance. According to the Bureau of insurance, improper access to personal data of agents whose licenses expired or […]

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Publicly traded health insurers see revenues increase, earnings decrease

Publicly traded health insurers see revenues increase, earnings decrease

The stock price performance of publicly traded U.S. health insurance companies covered in a new A.M. Best special report increased 3.3% in first-quarter 2016, continuing on the momentum from the previous quarter and besting the broader market’s 0.8% gain. According to the Best Special Report, titled, “Publicly […]

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Marijuana use not a deal breaker for all life insurers

Marijuana use not a deal breaker for all life insurers

For those who smoke marijuana and also shopping for life insurance, chances are they can find a company that won’t penalize them for the habit, but they may have to weed out several insurers to find the best policy. Eighty percent of the 148 underwriters who were […]

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Insurance records to be unsealed in Penn State, Sandusky sex abuse case

Insurance records to be unsealed in Penn State, Sandusky sex abuse case

A judge has ordered the unsealing of court documents in an insurance dispute that could shed light on how much was known by Penn State and Joe Paterno when allegations of child sexual abuse were made against Jerry Sandusky as early as 1976. Common Please Judge Gary […]

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A.J. Gallagher acquires Midwest benefits firm

A.J. Gallagher acquires Midwest benefits firm

Arthur J. Gallagher & Co. has acquired The Buchholz Planning Corp., a Madison, Wis.-based employee benefits firm. Terms of the transaction were not disclosed. According to a statement, The Buchholz Planning Corp. is a provider of employee benefits consulting and brokerage services for middle-market and large health […]

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AIG ends insurance coverage of NFL head injuries

AIG ends insurance coverage of NFL head injuries

AIG wants the benefits of football without the risks. The New York insurance giant has stopped insuring NFL players against head injuries as the dangers of concussions became apparent even though it continues to play up its ties to the game, The Post has learned. “They exclude […]

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