Insurance


CVS Says It Will Keep Aetna Headquarters in Hartford

CVS Health Corp. says it has no plans to move Aetna from Hartford, Connecticut’s capital city, reversing last year’s announcement by the insurance giant that it would move headquarters to…

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CVS Agrees to Buy Aetna in $69B Deal

Pharmacy giant CVS Health has agreed to buy Aetna in a $69 billion blockbuster acquisition that could rein in health-care costs and transform its 9,700 pharmacy storefronts into community medical…

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Court Halts Uber on Insurance Issue

Uber will not be permitted to continue operating in Israel until it provides adequate insurance to cover passengers, the Tel Aviv District Court ruled on Tuesday night, according to Arutz…

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New York State Fines Cigna for Insurance Violations

New York state has fined Cigna Health and Life Insurance Co. $2 million on accusations that it violated state insurance law. The state said the Bloomfield, Conn.-based insurer illegally sold…

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California Wildfire Insurance Claims Top $3.3 Billion

Property damage claims from a series of deadly October wildfires now exceed $3.3 billion, California Insurance Commissioner Dave Jones said Tuesday. The figure represents claims for homes and businesses insured…

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Aetna 3Q Profit Soars, Issues Strong Forecast

Aetna trumped third-quarter earnings expectations and raised its 2017 forecast again, even as the health insurer’s withdrawal from the Affordable Care Act’s insurance marketplaces contributed to a revenue miss. The…

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Insurer Aetna Unloads Group Life, Disability for $1.45B

Aetna, the nation’s third-largest health insurer, is selling its domestic group life and disability businesses for $1.45 billion to Hartford Life and Accident Insurance Co. Aetna says the cash deal…

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Have Domestic Help? You Might Need Insurance

Let’s say your nanny drives your kids to school and, one day, runs a red light and is badly injured. Even though she caused the accident, she can bring a…

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In the Wake of Hurricane…Sandy

In the wake of Hurricanes Harvey and Irma, and with the hurricane season not yet over, insurance experts are dispensing valuable advice in the media about filing claims. Typically, they…

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Harvey’s Insured Losses Estimated to Cost Nearly $19B

The nation’s largest state insurance trade association estimates insured losses from Hurricane Harvey at nearly $19 billion — and that doesn’t count damage not covered by insurance. The Insurance Council…

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