Cigna CEO Says Ending Benefits Manager Rebates Won’t Harm Commercial Market February 4, 2019 By Saumya Joseph and Tamara Mathias The U.S. government’s proposal to eliminate rebates that pharmacy benefit managers receive from drugmakers will not have a meaningful impact...
Mass. Insurance Agency to Pay $5M Restitution for Agent Overcharging Customers February 4, 2019 A Peabody, Mass.-based insurance agency has been ordered by a Massachusetts judge to pay more than $5 million in restitution...
Insurance Tries to Keep Up with Sharing Economy February 4, 2019 By Andrea Wells As more and more consumers click for services and borrow rather than buy, the sharing economy is benefitting. According to...
Lloyd’s Taps Keese from Allianz as Chief Financial Officer, Succeeding Parry February 4, 2019 Burkhard Keese has been confirmed as the chief financial officer (CFO) of Lloyd’s following the unanimous approval of his appointment...
Hartford Revamps Specialty Commercial, Middle Market Before Navigators Closing February 4, 2019 The Hartford announced the new operating model and organizational structure that will be effective upon the closing of its pending...
Italy’s Banks Look to Sell P/C Insurance as New Source of Revenues February 4, 2019 By Stephen Jewkes and Valentina Za An aging population and struggling state finances could turn into an unlikely boon for Italy’s banks, which have turned to...
Ryan Specialty Group Acquires Assets, Operations of Boston Insurance Specialists February 4, 2019 Ryan Specialty Group LLC (RSG) has acquired the assets and operations of Boston Insurance Specialists Inc. (BIS), an independently owned...
Connecticut City Recovers About Half of Money Lost in Hacking Scheme February 4, 2019 A Connecticut city says it has recovered more than half the nearly $1 million stolen from city accounts during a...
Prosecutor Says New Jersey Man Fakes Fall for Insurance Money February 4, 2019 Police have arrested a New Jersey man who they say faked a slip and fall at a business to get...
Insurance Council of Australia Declares Catastrophe for Queensland Floods February 4, 2019 The Insurance Council of Australia (ICA) declared a catastrophe for insurance policyholders who have been affected by torrential rain and...