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Archive for the Insurance News Net Category

Prudential wins $2.5 billion pension deal with WestRock

Prudential wins $2.5 billion pension deal with WestRock

Posted: September 10, 2016 New Jersey-based Prudential Financial Inc. won a $2.5 billion pension-risk transfer deal with paper and packaging company WestRock Co., cementing the insurer’s status as the biggest player in the business of taking on retirement obligations for employers. WestRock will purchase a group annuity that […]

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New York regulator proposes cybersecurity protection regulation

New York regulator proposes cybersecurity protection regulation

GOVT PRESS RELEASE: The following content has been reprinted in whole or part from a government-supplied press release or statement. New York’s Department of Financial Services has proposed a new first-in-the-nation regulation it says will protect consumers from the ever-growing threat of cyber-attacks. The regulation would require […]

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Pa. regulator sets ‘greater flexibility’ in LTC partnership policy inflation requirements

Pa. regulator sets ‘greater flexibility’ in LTC partnership policy inflation requirements

Posted: September 15, 2016 GOVT PRESS RELEASE: The following content has been reprinted in whole or part from a government-supplied press release or statement. Pennsylvania Insurance Commissioner Teresa Miller announced a change in guidance allowing greater flexibility in federally required inflation protection for long term care partnership policies. […]

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MassMutual unit begins online term life sales in N.Y., seeks end of sales through agents

MassMutual unit begins online term life sales in N.Y., seeks end of sales through agents

Posted: September 15, 2016 Haven Life, a wholly owned unit of MassMutual, has been approved to sell policies online to New York state residents, and seeks to “dismantle” how term life is sold. According to a statement from the “online life insurance agency,” the New York-based MassMutual entity […]

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Washington University team awarded $13 million Ebola research grant

Washington University team awarded $13 million Ebola research grant

A Washington University researcher is leading a team that was awarded a $13 million federal grant to study how the Ebola virus replicates, in hopes the information could lead to the development of treatments for the deadly disease. Gaya Amarasinghe, associate professor of pathology and Immunology at […]

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Mylan CEO Heather Bresch to testify before Congressional committee on EpiPen price hikes

Mylan CEO Heather Bresch to testify before Congressional committee on EpiPen price hikes

Heather Bresch, the embattled CEO of Mylan Pharmaceuticals, will testify before a Congressional committee next week on the huge price increases for the EpiPen. Bresch, daughter of U.S. Senator Joe Manchin, D-W.Va., will appear in front of the U.S. Committee on Government and Oversight Reform at a […]

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Advocacy group to Penn: Stop study requiring some residents to work 28-hour shifts

Advocacy group to Penn: Stop study requiring some residents to work 28-hour shifts

Public Citizen on Tuesday asked the University of Pennsylvania to stop a study it is participating in that requires first-year medical residents to work shifts of more than 28 hours without sleep. The Washington, D.C.-based consumer rights advocacy organization also sent similar letters to Northwestern University, the […]

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Applying lessons from the retail world to health care

Applying lessons from the retail world to health care

Healthcare today is turning the patient relationship into one that closely mirrors the retail experience. Faced with higher deductibles, rising premiums and other out-of-pocket expenses, patients today are concerned about managing their health care expenditures — and for good reason. According to a recent poll conducted by […]

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Japanese drugmaker drops deal for a key MacroGenics drug

Japanese drugmaker drops deal for a key MacroGenics drug

Rockville-based MacroGenics said it intends to continue efforts to advance one of its autoimmune disease drug candidates after it announced Monday that a Japanese drugmaker backed out of a licensing deal for the drug. Takeda Pharmaceutical Co. Ltd. said it would end a license and option agreement […]

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After Hours: Health & Benefits Trends & Innovations

After Hours: Health & Benefits Trends & Innovations

A panel of experts shared their views on the state of the health care industry during the Sacramento Business Journal’s Health & Benefits Trends & Innovations event. During a Sept. 9 breakfast at Arden Hills, panelists said health insurers and providers are struggling to keep up with […]

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