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Prudential and LeapFrog launch $350 million Africa life insurance partnership

Prudential and LeapFrog launch $350 million Africa life insurance partnership

PRESS RELEASE: The following content has been reprinted in whole or part from a company-supplied press release or issued statement. NEWARK, N.J. & JOHANNESBURG, South Africa — Prudential Financial and LeapFrog Investments announced the launch of a $350 million investment partnership to access high-growth markets in Africa. […]

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Anthem Q4 profit drops as Obamacare costs drag on

Anthem Q4 profit drops as Obamacare costs drag on

Posted: January 27, 2016 Health insurer Anthem Inc., which is in the process of buying smaller rival Cigna Corp., said its individual Obamacare exchange health plans weighed on fourth-quarter profit, causing it to miss analysts’ expectations. Anthem said that it had nearly 800,000 people enrolled in plans through […]

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Despite risks, consumers combine limited-coverage plans to comply with Obamacare

Despite risks, consumers combine limited-coverage plans to comply with Obamacare

Last fall, Shalonda Brown decided she’d had it with paying nearly $1,000 a month for a family health, dental and vision plan through her job at an independent lab in Dallas. Casting about for an alternative, she checked out individual family plans on healthcare.gov. No dice: Their […]

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Fed considers standardized marketplace plans for Obamacare

Fed considers standardized marketplace plans for Obamacare

Some consumers who buy coverage on the health insurance marketplaces in 2017 could see their out-of-pocket costs drop significantly under a federal proposal to create standardized plans, a recent analysis found. The marketplaces were created under President Obama’s signature health insurance legislation, the Affordable Care Act. The […]

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Chubb announces new field leadership team for Southeast Region

Chubb announces new field leadership team for Southeast Region

PRESS RELEASE: The following content has been reprinted in whole or part from a company-supplied press release or issued statement. Chubb announced a new leadership team for the Southeast Region of the company’s North America field organization. Chubb is the name used by the organization following ACE’s […]

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AIG may spin-off mortgage insurance unit

AIG may spin-off mortgage insurance unit

Posted: January 25, 2016 American International Group Inc has decided to pursue a spin-off of its mortgage insurance business, according to people familiar with the matter, in a move that would come as the U.S. insurer fends off activist investor Carl Icahn. The news was first reported by […]

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Some employers exclude outpatient surgeries to counter rising health plan rates

Some employers exclude outpatient surgeries to counter rising health plan rates

Libbi Stovall couldn’t believe it last month when she looked at the fine print in her company’s 2016 health plan, which supposedly meets the strictest standard for employer obligations under Obamacare rules. The insurance paid for inpatient hospital care, office visits and diagnostic imaging. But it provided […]

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Fitch: MetLife sale of life, annuity units has global implications

Fitch: MetLife sale of life, annuity units has global implications

Fitch Ratings has issued a statement outlining its concerns regarding MetLife’s recent announcement that is plans to sell off a large portion of its life insurance and annuity business. See related story: MetLife to sell or spin-off much of U.S. life insurance business Fitch’s statement is below. Fitch: […]

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Feds tighten Obamacare enrollment following insurer complaints

Feds tighten Obamacare enrollment following insurer complaints

Posted: January 20, 2016 Bowing to pressure from insurers, federal officials tightened the conditions under which people can sign up for health insurance plans on the the government online exchange outside open enrollment. The federal government’s website, created under President Obama’s signature health insurance legislation, the Affordable Care […]

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Fear of terrorism doubles among risk managers: Clements

Fear of terrorism doubles among risk managers: Clements

The number of global risk managers citing terrorism as their top concern has doubled over the past year to 22%, according to the Clements Worldwide Risk Index, a survey released by international insurance provider Clements Worldwide. Such a jump reflects that managers at the surveyed multinational corporations […]

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