insurance
UnitedHealth Group’s CEO eulogized his slain colleague Brian Thompson in a New York Times op-ed.Thompson’s shooting sparked a nationwide debate about the state of the health insurance industry.Witty’s op-ed faced fierce online criticism from people who said it didn’t offer solutions.The head of UnitedHealth Group, the parent company of UnitedHealthcare,…
Officials reportedly found bullet casings with the words “deny,” “defend,” and “depose” on them at Brian Thompson’s murder scene.The words are similar to the title of a 2010 book about the insurance industry, “Delay Deny Defend.”Police have not yet shared a motive for the shooting.The gunman who shot Brian Thompson,…
Andre Nader switched from an EPO health insurance plan to an HDHP to get access to an HSA.Nader found the mental burden of managing healthcare costs outweighed HSA tax benefits.He plans to switch back to an EPO plan in 2025 for simplicity.Andre Nader spent years on Meta’s growth team, where…
By Amina Niasse and Sriparna Roy (Reuters) -CVS Health on Wednesday named Steve Nelson, a former UnitedHealth (NYSE:) insurance head, to run its Aetna business, where rising medical costs in the third quarter caused the company to preannounce an earnings miss last month. The company last month also replaced CEO…
Tesla faces several regulatory hurdles before launching a robotaxi service.Insurance is already a complex subject for ride-hailing fleets and Tesla vehicles. High insurance costs could wipe out earnings for Cybercab owners. There are plenty of hurdles for Tesla’s promised robotaxi fleet to clear before launching, but one overlooked barrier may…
By Andy Sullivan, Matt Tracy and Michelle Conlin (Reuters) – Hurricane Milton threatens to swamp Florida’s troubled property-insurance market, potentially pushing prices higher and threatening coverage in a storm-prone region that already has the highest insurance costs in the nation. The mammoth storm, which analysts estimate could cause $60 billion…
Lisa Jolly pays less for her health insurance thanks to enhanced premium tax credits.These subsidies aim to reduce the price of health insurance purchased through the ACA marketplace.The subsidies could expire next year, increasing the costs of health insurance for millions. When Lisa Jolly enrolled in the Affordable Care Act…
By Manya Saini (Reuters) -Insurance brokerage Marsh McLennan (NYSE:) said on Monday it has agreed to buy McGriff Insurance Services for $7.75 billion, as the industry gears up for higher spending on policies from businesses amid an improving economic outlook. Wage growth and increasing expectations of a soft-landing have allowed…
Estate taxes pose a dilemma for asset-rich but cash-poor Americans. To pay Uncle Sam, their heirs may be forced to liquidate their real estate empires or privately held businesses.But there is an alternative to a fire sale: They can use life insurance to foot the bill with a neat trick.…
Goldman Sachs has initiated extensive coverage on the European insurance sector, focusing on both life insurers and multi-line composite insurers. This coverage includes nine key companies and Goldman Sachs introduces a new valuation framework based on IFRS 17, providing insights into the sector’s strong fundamentals, opportunities for stock-specific performance, and…
