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ConnectiCare Becomes Second Insurer To Propose Rates For Public Exchange

By MSturdevant On May 23, 2013 · Leave a Comment

ConnectiCare Benefits Inc. submitted its proposed rates for individual and small-group health plans that will be sold starting in October on the state’s public health exchange, Access Health CT, for coverage next year.

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National Hurricane Center Forecasts ‘Active To Extremely Active’ 2013 Season

By MSturdevant On May 23, 2013 · 1 Comment

The Atlantic Ocean hurricane season this year is expected to be “active or extremely active,” federal forecasters said Thursday.

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ING U.S. (Soon To Be Voya Financial) Announces First Ever Earnings

By MSturdevant On May 23, 2013 · Leave a Comment

ING U.S. Inc., which is being rebranded as Voya Financial, offered its first earnings report since the company was separated from the Dutch-based ING Groep N.V.

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Phoenix Says Bondholders Consent To Delayed Financial Reports

By MSturdevant On May 22, 2013 · 6 Comments

The Phoenix Cos. said Wednesday it won consent from bondholders, allowing the company to delay providing quarterly reports and a 2012 annual report to the bond trustee until the end of this year.

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Cigna Sets Aside $77 Million In Long-Term-Disability Settlement With Regulators In Five States

By MSturdevant On May 22, 2013 · 3 Comments

Cigna Corp. set aside $77 million to cover potential claim payments as part of a settlement with insurance regulators in five states over the company’s practices in handling long-term disability claims, the Connecticut Insurance Department said Wednesday.

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AIR Worldwide: Cost To Replace Properties Near Oklahoma Tornado Valued At $2 Billion To $6 Billion

By MSturdevant On May 21, 2013 · Leave a Comment

AIR Worldwide on Tuesday provided an early estimate of damage caused by the massive tornado that ravaged Moore, Okla., on Monday.

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Phoenix Reports Unaudited Results Of Life Subsidiary

By MSturdevant On May 20, 2013 · Leave a Comment

The Phoenix Cos. provided federal regulators with some indication of how its life insurance subsidiary is performing, though the parent company cautioned that the unaudited results provided last week are not indicative of consolidated results for The Phoenix Cos.

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Bloomberg: Insurers Defend $329 Billion Muni Exception Amid Debate

By MSturdevant On May 17, 2013 · Leave a Comment

Bloomberg reports that property-casualty insurers are battling a measure before Congress to tax income on municipal bonds. Here is the top of the article:

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Aetna Shareholders Vote Down Measures To Change Board Leadership, Further Disclose Political Spending

By MSturdevant On May 17, 2013 · Leave a Comment

A few Aetna Inc. shareholders took the health insurer to task Friday morning during an annual meeting in Tampa, Fla., over the way it structures its board leadership, how it discloses political spending and the manner in which it ran the annual meeting.

The majority of shareholders, however, sided with Aetna’s board in supporting its [...]

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Bloomberg: Hartford Financial Said To Seek Sale Of Japanese Annuity Unit

By Courant Business Editor Sandra Csizmar On May 16, 2013 · 1 Comment

On the heals of their annual stockholder meeting, Bloomberg is reporting that Hartford Financial Services Group Inc. may be looking to sell their Japanese annuity unit.

Hartford Financial Services Group Inc., the insurance company pruning operations after an activist investor urged it to split up last year, hired Deutsche Bank AG to seek a [...]

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