Topic: Insurance Industry
Officials ask Anthem to justify rate hike in Calif
AP News
Anthem Blue Cross rate hikes on Calif policies criticized by Obama admin, state regulatorOver the past 12 years, Josh Libresco's health insurance premium has increased almost eight-fold for his family of four. The 54-year-old San Rafael resident is facing a 39 percent rate hike from Anthem Blue Cross on ...
Hartford Financial's 4Q profit beats estimates
AP News
Hartford Financial posts 4th-quarter profit, beats estimates, provides 2010 outlookInsurer Hartford Financial Services Group said Monday it was profitable in the fourth quarter as its life and property-casualty businesses both improved. The Hartford, Conn.-based company earned $557 million, or $1.19 per share in the final three months of ...
Goldman's payment demands on AIG probed: report
Reuters US Online Report Business News
NEW YORK (Reuters) - U.S. regulators are investigating whether the mortgage insurance market was improperly distressed in 2008 because of payment demands that Goldman Sachs Group Inc <GS.N> and other banks made on American International Group Inc <AIG.N>, The New York Times reported on ...
Health insurers end 2009 with profitable quarters
AP News
Health insurers finish 2009 with profitable quarters despite lingering concerns for sectorThe five largest publicly traded health insurers all head into 2010 with lingering concerns about enrollment and profit margin pressures. But they wrapped up 2009 with profitable quarters. Here are their results for the fourth quarter: _ UnitedHealth Group ...
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