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Category: Insurance

PartnerRe merging with reinsurer

PartnerRe is merging with Axis Capital Holdings, vaulting the combined entity into the ranks of the top five reinsurers used by insurance carriers to limit their exposure to catastrophic risk.

Report: N.Y. AG probes insurers on Sandy

New York’s attorney general reportedly has launched a probe of three insurance carriers to determine whether they rejected flood damage claims following Superstorm Sandy by using falsified engineering

Consumer watchdog sideswipes auto insurers over pricing

A national consumer watchdog group is urging state insurance regulators to dig into auto insurers charging them with pricing the poor out of their cars. Consumer Federation of America sent letters and

Conn. gets piece of $500 million generic drug settlement from India

Connecticut Attorney General George Jepsen said Tuesday the state will get about $1.5 million from Ranbaxy, the India-based generic drug maker, who settled allegations this week that it was selling

Banking and the other insurance industry’s response to Sandy

Connecticut’s banking sector was lauded for riding out the devastation of Superstorm Sandy with minimal disruptions. State Banking Commissioner Howard Pitkin, told The Mines Wednesday nearly all the

Insurance Department releases tips on filing claims for Sandy

Official release from Connecticut Insurance Department Connecticut Insurance Commissioner Thomas Leonardi today reminded consumers that there are a number of important steps to follow when filing

Ridgefield’s Boehringer Ingelheim to pay states $95 million over drug marketing practices

Connecticut Attorney General George Jepsen said Friday Ridgefield-based pharmaceutical Boehringer Ingelheim will pay the states $95 million to settle allegations the company paid kickbacks to doctors

Thousands of Conn. residents to see health insurance rates rise

This month, the Connecticut Insurance Department has approved rate increases of 5.5-to-12.8 percent for policies covering more than 100,000 people. Combined with high oil and gasoline prices, these

State Insurance department trims Aetna AARP policy hike to 4 percent

Aetna Life Insurance Co. was looking for a 7.5 percent increase on its Essential premier Health Insurance plans provided solely to AARP members in Connecticut, but the State Insurance Department

Health insurance premiums run more than double pay increases

The Kaiser Family Foundation’s annual report on insurance premiums found they only rose 4 percent this year, compared to last. Unfortunately, hourly wages in the private sector are up 1.7 percent from