Anthem Inc’s decision to buy Cigna Corp., forming the largest U.S. health insurer by membership, will likely speed consolidation across the healthcare industry, from hospitals to drugmakers. Anthem announced its proposed $54 billion purchase of Cigna on Friday, just weeks …
The article Hospitals, Drugmakers Could Follow Health Insurer Mergers appeared first on Insurance Journal.
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of new European rules governing how much money insurers must …
The article Zurich Insurance Considering Bid for UK’s RSA appeared first on Insurance Journal.
Rapid City, S.D., officials are considering requiring homebuilders to test soil conditions at building sites after homeowners complained of severe damage caused by expansive soils. The Rapid City Journal reports the proposed change would require a home be designed to …
The article Damage to Homes May Lead to Required Soil Tests in South Dakota appeared first on Insurance Journal.
ACE Limited announced that Paul Krump, currently President of Personal Lines and Claims for Chubb, will serve as Executive Vice President for Global Underwriting and Claims for the parent company, effective “upon the completion of the acquisition of Chubb, which is …
The article ACE Names Chubb’s Krump Exec. VP – Global Underwriting & Claims appeared first on Insurance Journal.
North American Insurance Alliance (NAIA), an agency alliance based in Rangeley, Maine, hired Rebecca Sherwood as director of marketing and communications. For the past seven and a half years, Sherwood was employed with Travelers Insurance Company as a senior sales …
The article NAIA Hires Sherwood as Director of Marketing & Communications in Maine appeared first on Insurance Journal.
PartnerRe Ltd. investors should vote against a planned merger with rival reinsurer AXIS Capital Holdings Ltd., proxy adviser Glass Lewis & Co. said in a recommendation that’s a victory for hostile bidder EXOR SpA. “The liquidity, certainty and immediate premium of …
The article PartnerRe Investors Should Vote Against Merger with AXIS: Glass Lewis appeared first on Insurance Journal.
Illinois has some of the least-restrictive laws regulating all-terrain vehicles, and enthusiasts and consumer advocates are divided about how to make the popular sport safer. The Chicago Tribune reports that July and August are the deadliest months for ATV accidents. …
The article Groups Divided Over Lax ATV Safety Laws in Illinois appeared first on Insurance Journal.
South Carolina’s public health department has asked federal officials to evaluate both the agency’s response to an E. coli outbreak that killed one child at a Greenwood day care facility and its infectious disease programs overall. Department of Health and …
The article South Carolina Requests Federal Evaluation on Day Care E.Coli Outbreak Response appeared first on Insurance Journal.
UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to an event on the scale of the 9/11 attacks, Hiscox Ltd. said. Unless the Prudential Regulation Authority, or PRA, can …
The article Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event appeared first on Insurance Journal.
Attorneys for former Massey Energy CEO Don Blankenship want evidence about the 2010 explosion at the Upper Big Branch mine in West Virginia kept out of his criminal trial this fall. The Charleston Gazette-Mail reports the attorneys filed a motion …
The article Ex-Massey CEO’s Lawyers: Keep West Virginia Mine Blast Out of Criminal Trial appeared first on Insurance Journal.