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Insurance

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Medical association report: U.S. health insurance markets ‘even more highly concentrated’

Commercial health insurance markets in the United States have become even more concentrated than they were five years ago, according to an annual report released recently by the American Medical Association. As those markets become …

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Athene, Principal Global Investors among ‘Best Places to Work in Money Management’

Athene USA, the largest U.S. subsidiary of retirement services company Athene Holding Ltd., has been named to Pensions & Investments magazine’s “2020 Best Places to Work in Money Management” list. Ranked sixth in the category …

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Expanding the wheelhouse in pre-need funeral planning

Although a majority of Americans in surveys say that the idea of funeral pre-planning and pre-funding makes a lot of sense and is something they should do, fewer than 15% of people actually take the …

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Athene subsidiaries to service $1.7B pension buyout agreement for GE

Retirement services company Athene Holding Ltd. announced a significant pension buyout agreement with General Electric. The Boston-based technology giant will transfer about $1.7 billion in pension obligations to Athene. Under the terms of the transaction, Athene’s Iowa-domiciled …

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Wellmark CEO John Forsyth honored with national health leadership award

The National Institute for Health Care Management Foundation and LLC has honored John Forsyth, Wellmark Blue Cross and Blue Shield’s chairman and chief executive officer, with the Uwe E. Reinhardt Outstanding Leadership in Health Care Award. …

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Mercer survey: Forgoing care kept health costs down in 2020; employers say behavioral health care a top priority

Large U.S. employers reported that their health insurance costs rose just 1.9% in 2020, their lowest increase since 1997, due to many plan members avoiding visits to health care facilities because of the pandemic. Many …

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Transamerica lays off 53 Cedar Rapids employees

Cedar Rapids Gazette: Transamerica laid off 53 Cedar Rapids employees at the end of November, according to a WARN notice filed with Iowa Workforce Development. A spokesman from Transamerica did not comment on the layoffs. …

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Deadline approaching for ACA enrollment

The Affordable Care Act open enrollment period ends Dec. 15 for Iowans purchasing or changing their ACA individual health coverage to become effective Jan. 1. “While the ACA continues to be expensive for many Iowans, …

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Report: Pricing for most commercial insurance lines to increase in ‘21

Ratings agency A.M. Best Co. said Tuesday it is maintaining its “negative” outlook for the U.S. commercial lines segment for 2021 amid ongoing uncertainties related to COVID-19 and its economic fallout, Business Insurance reported. As insurers face …

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Casey’s COVID-related expenses tally $32 million, CFO says

Casey’s General Stores Inc. has spent $32 million this year on COVID-19-related expenses including $5 million during the second quarter, the company’s chief financial officer said today during an earnings call with investors.

The expenses …