MassMutual: Former Staff Of The Hartford Will Work In Enfield
Connecticut won’t lose hundreds of workers to Massachusetts as employees transfer from The Hartford Financial Services Group to Massachusetts Mutual Life Insurance Co. Instead, they’ll work in Enfield....
View ArticleMatthew Sturdevant On Assignment
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...
View ArticleMetLife, GE Close Deal For $6.4B In Bank Deposits
From Reuters: 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...
View ArticleBloomberg: UnitedHealth Joins Mayo Clinic in Research Pact To Improve Care
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...
View ArticleRick Green: Time Is Ripe To Consider Liability Insurance For Gun Owners
Courant politics editor Rick Green on the idea of liability insurance for gun owners: Time Is Ripe To Consider Liability Insurance For Gun Owners As the gun debate heats up, one idea seems particularly...
View ArticleTravelers Profit Halves On Losses From Superstorm Sandy
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...
View ArticleAetna To Sell Missouri Medicaid As Part Of Coventry Deal
Reuters reports: 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...
View ArticleCigna Expands Internships To Graduate Students
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 —...
View ArticleWill Young Adults Face Health Insurance ‘Rate Shock?’
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...
View ArticleClik here to view.
Health Exchange Gets A Makeover
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...
View ArticleForethought Gets Into Variable Annuity Business
Houston-based Forethought Financial Group announced Tuesday it is getting into the variable-annuity business, almost a year after it bought the individual annuity business from The Hartford Financial...
View ArticleSinkhole Damage Isn’t Covered By Standard Homeowner’s Insurance In Connecticut
If a home is swallowed by a sinkhole, the damage is not covered by a standard homeowner’s insurance policy in Connecticut, according to the state Insurance Department. Sinkholes have alarmed the public...
View ArticleNew Mediation Process Proposed For Homeowners Disputing Catastrophe Claim...
The state Insurance Department recommended legislation that would create a new mediation process to resolve disputes between homeowners and insurers over claims from catastrophes, such as hurricanes....
View ArticleMassMutual Retirement Figures Indicate Women Closing In On Men, Improved...
Women are getting closer to men in the amount of money they have saved for retirement and the rates at which they save, according to Massachusetts Mutual Life Insurance Company’s analysis of its...
View ArticleMetLife To Consolidate Operations, Move 2,600 Workers To North Carolina, In...
MetLife will consolidate operations and shift jobs to North Carolina, where it will build two new campuses, in a move aimed at saving hundreds of millions of dollars by 2016. Jobs will be slashed in...
View ArticleSource: MetLife To Slash 650 Jobs In Bloomfield
MetLife will slash about 650 jobs in Bloomfield, leaving about 1,300 workers at that office as the nation’s largest life insurer consolidates offices from around the country, a source familiar with...
View ArticleHealth Incentives Plans Pay Off
Tina Nanos’ life was bogged down by her weight for years. “I thought about it. I was overweight for a very large portion of my life,” said Nanos, who lives in Wallingford with her husband and two...
View ArticleReport: MetLife Hired N.C. Governor’s Former Firm To Negotiate Incentives
The Charlotte Observer reports that MetLife hired the North Carolina governor’s former employer, a law firm, to negotiate $94 million in incentives in exchange for moving 2,600 jobs to that state from...
View ArticleVantis Life Reports New Recurring Premium Up 18 Percent Last Year
Vantis Life Insurance Co. reports that its new, recurring premium was just more than $4 million in 2012, an 18 percent increase from the year before. Vantis, based in Windsor, sells life insurance...
View ArticleAetna, ProHealth Launch Accountable Care Plan In Connecticut
Aetna and ProHealth Physicians Inc. on Monday announced a new accountable care collaboration, which will use technology to better manage the health and medical treatment of a group of patients while...
View Article
