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Private Equity Firms Play Ball with the Insurance Industry

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By Robert Shapiro and Scott Shine, August 5, 2014 In the past few years, private equity firms have been some of the most active participants in M & A activity in the insurance sector. For private equity firms, investing in this decidedly staid industry is quite a change from the halcyon days of the early 2000s, when they were known …

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The Insurance Industry Is Risky. Federal Regulation May Be the Answer

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By Peter Coy, July 31, 2014 Insurance in the U.S. is a big deal that’s regulated like a small deal. Insurance premiums paid each year equal about 7 percent of the U.S. gross domestic product, and companies such as American International Group (AIG) and Prudential Financial (PRU) rank among the biggest financial institutions in the country. Yet oversight of them …

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Nationwide becomes official insurance sponsor of NFL

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By Evan Weese, Aug. 4, 2014 Nationwide Mutual Insurance Co. will serve as an official insurance sponsor of the National Football League under a three-year agreement announced Monday. Terms of the deal were not disclosed. The Columbus-based insurance giant will sponsor the league’s new NFL Now digital content as well as the Walter Payton NFL Man of the Year Award. …

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Insurance rate hikes sought in federal marketplace

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The Associated Press, July 23, 2014 BATON ROUGE, La. — Thousands of people who bought health insurance through the marketplace created by the federal health care overhaul face price hikes next year that could top 10 percent. More than 60,000 people who get health insurance through the individual marketplace — which was expanded by the federal Affordable Care Act — …

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Health insurance rates surged this year in California, official says

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By Stuart Pfeifer, July 29, 2014 The cost of health insurance for individuals skyrocketed this year in California, with some paying almost twice what they did last year, the state’s insurance commissioner said. But Insurance Commissioner Dave Jones predicted that insurers will ease up in the coming year to prevent California voters from approving tough new rate controls on the …

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Insurance Coverage for Fertility Treatments Varies Widely

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By Tara Siegel Bernard, July 25, 2014 Sarah Patterson, a 27-year-old nurse, suffered four miscarriages over the last four years because of several medical problems, including a condition that causes cysts to form on the ovaries. After her second loss, she said, her husband asked for a divorce because he could not handle the stress. “I was heartbroken and devastated,” …

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Connecticut’s Share of Insurance Industry Continues to Decline

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By Harriet Jones, July 21, 2014 A new analysis shows employment in the insurance industry is steadily recovering nationally. Connecticut’s share of the industry, however, has continued to decline. Jobs in the life insurance sector have been on a steep downward trend in Connecticut since 2009. Insurance and financial services have long been key employers in Connecticut, and Hartford of …

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In U.S., Uninsured Rate Sinks to 13.4% in Second Quarter

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By Jenna Levy, July 10, 2014 WASHINGTON, D.C.–The uninsured rate in the U.S. fell 2.2 percentage points to 13.4% in the second quarter of 2014. This is the lowest quarterly average recorded since Gallup and Healthways began tracking the percentage of uninsured Americans in 2008. The previous low point was 14.4% in the third quarter of 2008. The uninsured rate …

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Abortions not covered by insurance

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By Jess Seabolt, June 25, 2014 A bill prohibiting insurance policies and health maintenance organization contracts from providing coverage for abortions will go into effect July 1. House Bill 1123, authored by Rep. Jeff Thompson, R-Lizton, prohibits insurance companies from covering abortions, unless there is a specific circumstance, such as cases of rape, incest or the health of the mother. …

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