Insurance Rates & Quotes News
AIG reviewing succession as chairman takes new job (Reuters)
Reuters - Bailed-out insurer American International Group will review its succession plans after its chairman accepted a job as the chief executive of an airplane maker, the company said on Tuesday.
Humana forecast is below Street view; shares fall (Reuters)
Reuters - Humana Inc forecast a profit for this year below Wall Street estimates, suggesting that investors may be overestimating how much it will earn from a burgeoning Medicare business, and its shares fell almost 6 percent.
Health insurer Aetna's 4Q profit jumps 73 percent (AP)
AP - Health insurer Aetna Inc.'s fourth-quarter net income jumped 73 percent, as it continued to benefit from low use of health care and some key expenses fell.
Italy Unipol agrees four-way merger to rescue Fondiaria (Reuters)
Reuters - Italian insurer Unipol said on Sunday it has agreed a four-way merger plan to rescue insurance company Fondiaria-SAI with its parent company Premafin .
Insurer WellPoint to revamp primary care pay (AP)
AP - Health insurer WellPoint says it plans to improve primary care doctor payments and start reimbursing physicians for some things it doesn't currently cover as a way boost care quality and save money.
AIG debates if it could buy back AIA in future (Reuters)
Reuters - American International Group Chairman Steve Miller said on Thursday the bailed-out insurance giant may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off subsidiary AIA Group (1299.HK), as confidence in its turnaround grows.
Insurer WellPoint's 4Q profit drops 39 percent (AP)
AP - WellPoint Inc.'s fourth-quarter net income sank 39 percent as medical claims increased, mostly because of a $50 million hit from the health insurer's Medicare Advantage business. But the company forecast earnings growth in 2012.
Summary Box: WellPoint 4Q profit sinks 39 percent (AP)
AP - EARNINGS DROP: Insurer WellPoint Inc. said Wednesday it earned $335.3 million, or 96 cents per share, in the three months that ended Dec. 31. That's down from $548.8 million, or $1.40 per share, in the final quarter of 2010. The performance was below Wall Street expectations.
Insurer UnitedHealth's 4Q profit jumps 21 percent (AP)
AP - UnitedHealth Group Inc.'s fourth-quarter net income jumped 21 percent, but the insurer saw signs of health care use picking up and left its 2012 earnings forecast unchanged.
NY insurers agree to update provider directories (AP)
AP - New York Attorney General Eric Schneiderman says his office has reached settlements with eight health insurance companies that require them to ensure the accuracy of provider directories on their websites.
