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Aetna to buy Humana for $37 billion in largest insurance deal

Published July 03, 2015 - 6:47am CST

(Reuters) — Health insurer Aetna Inc. said it would buy smaller rival Humana Inc. for about $37 billion in cash and stock, in the largest-ever deal in the insurance industry.

Merger mania 2015

Published July 03, 2015 - 6:00am CST

Whether it's to establish global reach, enter new lines of business or to combat overcapacity, the insurance segment has been alive with merger activity in 2015. Just this week, two megamergers took place. Here's a look at what's happening:

WWE seeks dismissal of brain injury case

By: Stephanie Goldberg

Published July 02, 2015 - 2:04pm CST

World Wrestling Entertainment Inc. has filed a complaint to dismiss a group of lawsuits by former professional wrestlers alleging traumatic brain injuries.

Unpaid internships legal when they boost interns' learning, court rules

Published July 02, 2015 - 1:32pm CST

(Reuters) — Unpaid internships are legal when they are closely tied to interns' educations, a U.S. appeals court in Manhattan said on Thursday in reversing a decision that Fox Searchlight Pictures Inc. broke the law by not paying interns.

Health insurer Centene adds muscle with $6.3 billion deal for rival

Published July 02, 2015 - 1:06pm CST

(Reuters) — U.S. health insurer Centene Corp. will buy smaller rival Health Net Inc. for $6.3 billion, underscoring the health care industry’s rush to bulk up to negotiate better prices with suppliers and hospitals, and attract new customers.

Anthem, Cigna in new round of talks, source says

Published July 02, 2015 - 12:11pm CST

(Reuters) — Health insurer Cigna Corp. has had its first meetings with competitor Anthem Inc. after it rebuffed Anthem's $47 billion merger proposal last month, a person familiar with the matter said on Thursday.

Week in pictures

Published July 02, 2015 - 11:47am CST

Insurance industry consolidation was the main order of the holiday-shortened week. But there was also plenty on the disaster, data breach and Apple fronts for Business Insurance.

Employers interested in moving retirees to public exchanges, Mercer says

By: Jerry Geisel

Published July 02, 2015 - 11:36am CST

Nearly half — 45% — of employers that offer health care coverage to pre-Medicare eligible retirees say they are considering or already have begun directing the retirees to public exchanges, according to a new Mercer L.L.C. survey.

Broker continues acquisition streak with another agency buy

By: Donna Mahoney

Published July 02, 2015 - 11:16am CST

Insurance brokerage Alliant Insurance Services Inc., Newport Beach, California, on Thursday said it has expanded its managing general agent practice through the acquisition of New York-based Preferred Concepts L.L.C.

Telemedicine gaining acceptance

By: Shelby Livingston

Published July 02, 2015 - 11:00am CST

LAS VEGAS — On-site health care clinics that treat employees' medical issues on the spot along with providing preventive care have proven a valuable investment for some employers, but they aren't financially feasible for small companies.

Medical care inflation could increase workers comp costs

By: Stephanie Goldberg

Published July 02, 2015 - 10:58am CST

With medical care inflation expected to rise, workers compensation payers should take steps to control higher medical costs per claim, sources said.

Panda Re catastrophe bond covers China risks

By: Matthew Lerner

Published July 02, 2015 - 10:15am CST

Panda Re Ltd., the first catastrophe bond to cover natural disaster risks in China, has been issued by state-owned reinsurer China Property and Casualty Reinsurance Co. of Beijing.

Nestle to close U.K. pension plan

By: Timothy Pollard, Pensions & Investments

Published July 02, 2015 - 9:26am CST

Nestle U.K. announced Thursday it would close its defined benefit pension scheme, replacing it with a defined contribution plan.

BP says settles 2010 oil spill claims for $18.7 billion

Published July 02, 2015 - 9:07am CST

(Reuters) — BP P.L.C. said it has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico spill.

This week's Top 10 features on BusinessInsurance.com

Published July 02, 2015 - 6:00am CST

Find out which of this week's features on BusinessInsurance.com were the most popular.