Connecticut Insurance - Courant.com

Cigna Launches Accountable Care Plan With Five New Hampshire Clinics

By MATTHEW STURDEVANT, msturdevant@courant.com — Tue, 29 May 2012 16:19:00 GMT

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Cigna Corp.continues to expand its "accountable care" partnerships with hospitals and doctor groups, which emphasizes quality of patient care while lowering medical costs.

Conning, The Old-Line Hartford Insurance Consultancy, Looks To Europe, Asia

By MATTHEW STURDEVANT, msturdevant@courant.com — Tue, 29 May 2012 00:29:00 GMT

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HARTFORD — With little public fanfare over the last decade, Conning & Co., a Hartford insurance services firm long known for its research, has tripled the amount of insurers' assets it manages — helping to lead an industry shift toward outsourcing.

The CT Claims Tally For Irene: $235M; Forecast For 2012 Is Quieter

By MATTHEW STURDEVANT, msturdevant@courant.com — Fri, 25 May 2012 14:04:00 GMT

Eight months later, the tally from Tropical Storm Irene is in: As of May 1, insurance companies paid a total of $235 million on more than 60,000 claims in Connecticut related to damage from Irene, according to the state Insurance Department.

MetLife Changes Strategy, Will Slash $600 Million In Expenses by 2016

By MATTHEW STURDEVANT, msturdevant@courant.com — Wed, 23 May 2012 20:37:10 GMT

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MetLife announced a sweeping change in strategy that involves reducing sales of variable annuities and focusing on accident and health insurance products in the U.S.

State Hurricane Facts In Advance Of Season Starting June 1

By MATTHEW STURDEVANT, msturdevant@courant.com — Wed, 23 May 2012 16:19:00 GMT

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If the Great New England Hurricane of 1938 happened in present conditions, it would cost an estimated $38 billion in damage that would be covered by insurance, which says nothing of the overall economic cost.

SHAWN R. BEALS: Middletown Insurance Company Honored For Its Support Of Employee Deployed To Afghanistan

By SHAWN R. BEALS, sbeals@courant.com — Wed, 23 May 2012 12:50:34 GMT

Army Staff Sgt. Anthony Kierys left his wife and young daughter last year for Afghanistan on his second deployment with the 443rd Civil Affairs Battalion.

Manchester Family Pushes For Expanded Autism Coverage For Military Families

By MATTHEW STURDEVANT, msturdevant@courant.com — Tue, 22 May 2012 23:49:23 GMT

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Five-year-old Rachel Margaret Kenyon's father was serving with the Connecticut National Guard in Afghanistan when she was diagnosed with autism.

SS&C Launches Free Finance Education App

By MATTHEW STURDEVANT, msturdevant@courant.com — Tue, 22 May 2012 23:06:27 GMT

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Windsor-based SS&C Technologies has launched a free mobile application that allows users to access courses for the financial services industry.

Paying For Fido's Care: Insurer Releases Most Expensive Pet Claims

By MATTHEW STURDEVANT, msturdevant@courant.com — Tue, 22 May 2012 14:48:00 GMT

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Providing medical care for Fido can be as pricey as a major surgery for humans.

State's Unfunded Future Health Care Costs Reduced By 43 Percent, Or $13.3 Billion

By MATTHEW STURDEVANT, msturdevant@courant.com — Thu, 17 May 2012 22:37:41 GMT

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The state is forecasting a 43 percent reduction in the unfunded cost of providing health care for state workers and retirees in the future, according to a new report.

The Hartford Promotes Two Top Executives

Thu, 17 May 2012 22:00:48 GMT

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The Hartford announced two executive appointments Thursday, including the promotion of Brion Johnson to the post of chief investment officer and president of Hartford Investment Management Co.

Head Of UConn Law Center Testifies To Congress About Insurance Regulation

By MATTHEW STURDEVANT, msturdevant@courant.com — Thu, 17 May 2012 21:38:51 GMT

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The head of the University of Connecticut's Insurance Law Center told Congress Thursday that state-based regulation has worked well in helping insurers remain solvent through fincnail crises.

Travelers Graduates 17 From Internship Program

By MATTHEW STURDEVANT, msturdevant@courant.com — Thu, 17 May 2012 21:13:00 GMT

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The Travelers Cos. graduated 17 students from its EDGE internship program, a multi-year partnership with colleges in Connecticut and Baltimore, Md.

Hartford Insurers Host High School Students During Job Shadow Day

Thu, 17 May 2012 20:13:54 GMT

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Groups of students at Hartford's High School Inc. — an insurance and finance academy — got an inside look at the businesses that make up the Insurance Capital.

Head Of UConn Law Center Testifies To Congress About Insurance Regulation

By MATTHEW STURDEVANT, msturdevant@courant.com — Thu, 17 May 2012 16:16:52 GMT

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The head of the University of Connecticut's Insurance Law Center is scheduled to testify before a Congressional subcommittee about insurance regulation at the state, federal and international level.

CT Comptroller Sides With Unions, Demands WellPoint Show Political Contributions

By MATTHEW STURDEVANT — Thu, 17 May 2012 15:27:43 GMT

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Connecticut Comptroller Kevin Lembo sided with unions in demanding that health insurer WellPoint Inc. offer greater disclosure of its political contributions.

Union Says Anthem's Parent, WellPoint, Is 'Hurting American Families' With Political Contributions

By MATTHEW STURDEVANT, msturdevant@courant.com — Wed, 16 May 2012 22:40:51 GMT

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A union that represents state and municipal workers wants its health insurer's parent company, WellPoint Inc., to stop giving money to political organizations that the union says is "hurting American families."

At Annual Meeting, Shareholders Mum On The Hartford's Major Restructuring

By MATTHEW STURDEVANT, msturdevant@courant.com — Wed, 16 May 2012 22:12:00 GMT

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HARTFORD — The Hartford drew support from shareholders for executives' pay and for the re-election of all board members during the company's annual meeting Wednesday.

Filing: Paulson No Longer Seeking To Influence The Hartford

By MATTHEW STURDEVANT — Tue, 15 May 2012 22:01:22 GMT

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John Paulson, the hedge fund billionaire whose pressured The Hartford to break itself apart, is ending his power struggle with management over the insurer's strategy and future.

Connecticut Joins MetLife Settlement; Insurer Could Pay $478 Million

By MATTHEW STURDEVANT, msturdevant@courant.com — Tue, 15 May 2012 20:46:31 GMT

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Connecticut joined 21 other states that agreed to a settlement with MetLife in a case that questioned whether the insurer did enough to find and pay beneficiaries after policyholders die.

UnitedHealth, Comcast Try Video-on-Demand Programming To Prevent Diabetes

By MATTHEW STURDEVANT, msturdevant@courant.com — Mon, 14 May 2012 23:53:00 GMT

>>> Visit the 'Project Not Me' site to watch a video about the program

Hundreds of people who are at risk of getting diabetes are watching an exclusive show in the reality-TV style for four months with the goal of improving their health through lifestyle changes.

Amid National Rise In Questionable Insurance Claims, Allstate Files $30 Million Lawsuit Against Alleged Fraudsters

By MATTHEW STURDEVANT, msturdevant@courant.com — Fri, 11 May 2012 21:47:28 GMT

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Allstate Insurance Company said Friday it filed a $29.9 million lawsuit against 52 people in New York alleging they defrauded the insurer in a scheme that involved personal injury attorneys, doctors and other medical professionals.

Capital Community College, Insurance Department Team Up To Produce Educational Videos

By MATTHEW STURDEVANT, msturdevant@courant.com — Fri, 11 May 2012 15:26:00 GMT

The YouTube videos answer some of consumers' most common questions.

Cigna To Acquire Medicare Supplement, Critical Illness Business For $295 Million

By MATTHEW STURDEVANT, msturdevant@courant.com — Thu, 10 May 2012 23:32:59 GMT

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Cigna Corp. has an agreement to spend $295 million in cash to acquire business segments in Medicare supplement and critical illness from Cincinnati-based American Financial Group Inc.

Insurance Hiring Picks Up In Connecticut, But Total Jobs Are Down

By MATTHEW STURDEVANT — Thu, 10 May 2012 23:03:38 GMT

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Connecticut's insurance industry is hiring at a faster rate than a year ago, but the total number of industry jobs in the state is still declining as it has for years.