Fitch said that a scenario involving a steady increase in interest rates linked to higher growth and limited inflation would be credit positive for insurers, especially life insurers. But, Fitch analysts added, given the lack of specificity in Trump economic policies at this time and the related uncertainty, a scenario… Continue Reading Fitch Sees Large Insurers Gaining from Trump Deregulation

Today, the Democratic Caucus re-elected Waters to serve as ranking member of the committee for her third term. Yesterday the House Financial Services Committee re-elected Hensarling as its chairman for his third term. She added: “I suppose passing this legislation is just the Republican Congress’s way of giving him a… Continue Reading Insurers Praise House Approval of Systemic Risk Reform Bill

In September, insurance brokerage Willis Towers Watson Plc agreed to pay $120 million to settle one of the lawsuits brought by former investors. In a separate Stanford-related case, the Supreme Court in 2014 ruled that investors in the Ponzi scheme can sue lawyers, insurance brokers and others who worked with… Continue Reading Supreme Court Rejects Stanford’s Appeal of Ponzi Scheme Conviction

Anthem shares closed up 1.5 percent at $137.36, while Cigna shares fell 1.2 percent to close at $137.08. “If a blue plan reaches out to me to give help, I’ll give help,” Swedish said. Joseph Swedish, chief executive of Anthem, the largest member of the Blue Cross Blue Shield Association,… Continue Reading In Anthem-Cigna Merger Trial, Fortune 500 Said Not at Risk

NAPSLO, established in 1975, is a national trade association, representing surplus lines insurance agents/brokers, surplus lines insurance companies and associate members comprising the wholesale insurance distribution system. AAMGA, an insurance industry membership association established in 1926, represents managing general underwriters, program administrators, aggregators and other wholesale insurance professionals. The AAMGA… Continue Reading Insurance Associations AAMGA, NAPSLO Move Forward with Merger Talks

Great American Insurance Group’s Alternative Markets Division operates four businesses: Agency Captive Programs, Group Captive Programs, Elite Programs and Cyber Risk. Hub International Northeast has been creating insurance and risk management products for the elevator industry for more than 40 years. The program offers specialized insurance coverage to elevator contractors,… Continue Reading Great American, Hub International to Offer Program for Elevator Contractors

Seats are limited. Early bird pricing ends March 15, 2017. To find out more and to register for the event, visit: https://superregional.net. For sponsorship information, email: superregional@insurancejournal.com. The Grand Geneva Resort & Spa was originally the famed Lake Geneva Playboy Club Hotel. It’s home to one of the best golf… Continue Reading Plans Underway for Super Regional P/C Insurer Conference 2017 for C-Suite Professionals

Aspen Insurance Holdings Limited provides reinsurance and insurance coverage to clients in various domestic and global markets through wholly-owned subsidiaries and offices in Australia, Bermuda, Canada, France, Germany, Ireland, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. DUAL Commercial LLC is a specialty program administrator… Continue Reading DUAL Commercial, Aspen Insurance Partner on Management Liability Program

“When young people have to choose between paying student loans and paying health insurance,” Rice said, “it seems like the easier option is to pay attention to more pressing things.” That’s not uncommon, said Ebonee Rice, national strategic partnerships director at Enroll America. Many people don’t know about available assistance… Continue Reading On Eve of Trump Repeal Effort, Obamacare Campaigns for ‘Young Invincibles’

The case is Cote v. Wal-Mart Stores Inc., 1:15-cv-12945, U.S District Court, District of Massachusetts (Boston). Cote’s spouse, whom she married in Massachusetts in 2004, was diagnosed with ovarian cancer in 2012 and later lost her own health insurance, according to the complaint. Massachusetts was the first U.S. state to… Continue Reading Wal-Mart to Settle Bias Suit Over Gay Benefits for $7.5 Million