US based health insurer UnitedHealth has reported an increase in its profits by 23% with net earnings of $1.56bn, or $1.50 a share for the third quarter that ended on 30 September 2012, up from $1.27bn, or $1.17 a share, a year earlier. ...
US based health insurer UnitedHealth has successfully completed the first phase in the Brazil's Amil Participações acquisition program with the purchase of 60% outstanding shares from controlling shareholders and management. ...
Health insurer Independence Blue Cross (IBC) has expanded its relationship with Inovalon (the new name of MedAssurant). Under the expanded partnership, the health insurer will implement Inovalon's Star Advantage and INDICES solutions to ...
Tags: health insurer, Independence Blue Cross, Inovalon, measurement system
Health insurer Life Insurance of North America (LINA) will pay over $1.7m to consumers and the Commonwealth, The Massachusetts Attorney General Martha Coakley has announced. The insurer was accused to sell its cancer and surgical ...
Tags: LINA, marketing of insurance, Commonwealth
Philadelphia based health insurer Independence Blue Cross (IBC) has introduced a virtual wellness coaching program, the WebMD Digital Health Assistant (DHA), to assist members make positive lifestyle choices and healthy behavior change. ...
Tags: IBC, WebMD, coaching program
Cigna (CI) has signed an agreement to purchase selected Medicare Advantage plans in Texas and Arkansas from health insurer Humana. The acquisition of three Humana's markets including Amarillo, Longview-Marshall and Texarkana will allow ...
Tags: Cigna, Medicare Advantage plans, health insurer, Humana
Industrial Alliance Insurance and Financial Services has acquired its subsidiary, Industrial Alliance Pacific Insurance and Financial Services, effective 30 June 2012. As per the merger agreement inked, the former Industrial Alliance ...
Tags: Industrial Alliance, subsidiary, strong financial position
US based property and casualty underwriter Tower Group has announced sale of its health insurance business for $102m to Australian private health insurer NIB Holdings. Subject to clearance from the Overseas Investment Office, the sale is ...
Tags: Tower Group, health insurance, insurance, insurance product
IT solutions and services company, Computer Task Group, has won four healthcare IT contracts, totaling $16m, over a two-year period. The contracts include a two-year application management outsourcing engagement for a ...
MedMal Direct Insurance has named David Kroupa as its new vice president of sales for the company, who will oversee the development, management and execution of the medical malpractice insurance sales strategies. MedMal Direct chief ...
Tags: MedMal Direct Insurance, David Kroupa, vice president of sales, insurance
Susquehanna Bancshares has selected Capital BlueCross to serve as its health insurance provider. Under the three-year contract, which follows previously signed 12 year agreement, the company will continue to offer health coverage to 4,900 ...
Tags: Susquehanna Bancshares, Capital BlueCross, health insurance, insurance
US based WellCare Health Plans has inked an agreement to acquire UnitedHealthcare's Medicaid business in South Carolina, in a bid to strengthen its health underwriting footprint in the region. It is expected that the deal will complete ...
Tags: WellCare Health Plans, acquire, medicaid business, managed care plans
US based health insurer Humana has named Dan Feruck as the new president of its Florida employer group operations. Feruck has been acting as Humana's senior commercial executive for the company's Florida markets, which include South ...
Tags: Humana, Dan Feruck, Group President
Health insurer WellPoint (WLP) chair and chief executive Angela Braly has stepped down from her post. The company has appointed John Cannon, the company's executive vice president, general counsel, corporate secretary and chief public ...
Tags: health insurer, chief executive, stepped down, insurance
Paragon Solutions, an advisory consulting and systems integration firm, has finalized a deal to deliver a Summary of Benefits and Coverage Solution for a health insurer to help it meet the government-mandated deadline for fall of 2012. ...