From Metro Editor Bernie Davidow:
Say so long to the Connecticut Health Insurance Exchange, the old name for the state’s new online marketplace for health plans. Beginning Tuesday, the group has a new name — Access Health CT — a new logo, and a new website.
“The goal is to make Access Health CT [...]
From the Washington Post:
Many young, healthy Americans could soon see a jump in their health-insurance costs, and insurance companies are saying: It’s not our fault.
The nation’s insurers are engaged in an all-out, last-ditch effort to shield themselves from blame for what they predict will be rate increases on new policies they must unveil [...]
From Courant staff writer Mara Lee:
Cigna’s part-time internship program on the University of Connecticut campus, less than a year old, is already successful from the insurance company’s perspective — of eight interns who are graduating in the spring, four have accepted offers of full-time work.
Last spring, Cigna decided to create part-time internships on [...]
Aetna Inc. said on Tuesday it agreed to sell its Missouri Medicaid business to WellCare Health Plans Inc. as part of its purchase of Coventry Health Care Inc. because their combined Missouri businesses had exceeded Medicaid membership limits.
Aetna said in August that it planned to buy Coventry for about $5.6 billion to [...]
Travelers last earnings report was released this morning. Reuters reports:
Travelers Cos. Inc.’s quarterly profit fell by half on higher catastrophe losses from superstorm Sandy but the property insurer forecast higher premiums across its businesses.
The company’s net profit fell to $304 million, or 78 cents per share, in the fourth quarter from $618 [...]
Courant politics editor Rick Green on the idea of liability insurance for gun owners:
As the gun debate heats up, one idea seems particularly suited for Connecticut to consider: liability insurance for gun owners.
This is the kind of mandatory insurance you have [...]
From Bloomberg News:
UnitedHealth Group Inc. (UNH), the largest U.S. provider of medical coverage, will join the Mayo Clinic in a research alliance designed to merge insurance records and medical data to find more efficient ways to deliver care.
The venture will focus on fundamental issues that may help standardize care in a way [...]
MetLife Inc. said on Monday it had closed the sale of its deposit business to General Electric Co., a move that allows the U.S. insurer to drop its registration as a bank holding company and provides GE Capital with an alternative source of funding for its lending business.
The deal, for $6.4 billion [...]
Matthew Sturdevant has be temporarily detached from covering Connecticut’s insurance industry. In the meantime, other business news reporters at The Hartford Courant will fill his shoes, covering the insurance industry and posting to Insurance Capital.
Questions and tips can be sent to Courant business editor Sandy Csizmar at firstname.lastname@example.org.
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