CNO Financial shares dropped 2.8 percent Monday morning after declining 5.5 percent last week. The Carmel-based insurer said last week that it was scrutinizing a risk-transfer arrangement with Beechwood Re, the reinsurer linked to embattled hedge fund Platinum Partners.
Indianapolis-based Anthem Inc. has asked for an average 26.8 percent rate increase for individual plans offered on and off the state's health insurance exchange.
The Indianapolis-based health insurer said its participation in the government’s health insurance exchanges—a sore subject for the Obama administration that is trying to stop the acquisition—may be at stake.
The insurer started two new businesses that extend its reach into the investment world, paving the way for its salespeople to sell insurance, securities and advice.
CNO Financial Group Inc. said it’s scrutinizing a risk-transfer arrangement with Beechwood Re, the reinsurer linked to embattled hedge fund Platinum Partners.
Anthem Inc. shares fell Wednesday after the Indianapolis-based insurer said it expects to lose money on Affordable Care Act plans this year. The company had been planning to break even.
Anthem Inc. told a federal court that its proposed $48 billion merger with rival health insurer Cigna Corp. will lower consumer costs and extend coverage to more people, in response to a U.S. lawsuit seeking to block the deal.
Analysts have speculated Anthem and Cigna would part ways in the wake of a lawsuit the Department of Justice’s Department’s antitrust division filed last week seeking to block the deal.
Carmel-based CNO Financial Group Inc. on Tuesday reported quarterly earnings that slightly exceeded analyst predictions.
Cigna doesn’t appear like it’s ready to put up a fight to keep alive its $48 billion deal with Anthem, analysts say. But Aetna and Humana seem poised to put up more of a battle over their proposed merger.
Indy-based Advantage Health Solutions, which recently racked up huge losses and laid off dozens of workers earlier this year, said Thursday it is shutting down its last line of business.
Anthem Inc.’s proposed purchase of Cigna Corp. would diminish competition between insurers in markets around the nation, according to a complaint filed Thursday by the U.S. Justice Department that painted Anthem in an unflattering light.
The U.S. Justice Department filed an antitrust lawsuit against Indy-based Anthem Inc. and Cigna Corp. on Thursday. In recent years, the department has shown an increasing willingness to go to court to block deals it believes could stifle competition.
Connecticut Insurance Commissioner Katharine Wade contends she has no conflict of interest that would prevent her from overseeing a proposed merger between Indianapolis-based Anthem Inc. and Bloomfield, Connecticut-based Cigna Corp.
U.S. antitrust officials are poised to file lawsuits to block Anthem Inc.’s takeover of rival health-insurer Cigna Corp. and Aetna Inc.’s deal to buy Humana Inc., according to a person familiar with the matter.
The Obama administration’s top health official is promoting the importance of competition to insurance markets, as the Justice Department is poised to decide on the massive Anthem-Cigna and Aetna-Humana merger proposals.
The agreement by Indianapolis-based Anthem Inc. to sell its pharmacy-benefits arm to St. Louis-based Express Scripts for $4.7 billion has turned the companies at each other’s throats, culminating in a multibillion-dollar legal battle that began early this year.
Indiana Republicans are criticizing Democratic gubernatorial nominee John Gregg for a lucrative perk he helped institute for members of the General Assembly when he was speaker of the House.
A breakup of Anthem Inc.’s $48 billion bid for Cigna Corp., under scrutiny by U.S. antitrust regulators, could spark new deals for smaller health plans in a continued wave of industry consolidation.
The U.S. Justice Department has told Anthem Inc. that the insurer’s planned takeover of Cigna Corp. threatens competition and probably can’t be fixed by selling parts of their businesses, according to a person familiar with the matter.
