Business Insurance - Web News en-us Mon, 27 Jun 2016 13:23:45 EST 10 XL Catlin launches global mergers and acquisitions insurance unit 20160627/NEWS06/160629846 XL Catlin on Monday said it has formed a global mergers and acquisitions insurance division. Mon, 27 Jun 2016 13:07:37 EST Captive insurer group's president to retire 20160627/NEWS06/160629847 Dennis Harwick, president of the Captive Insurance Companies Association, will retire from the organization at the end of June 2017, CICA announced. Mon, 27 Jun 2016 13:03:00 EST Another state approves Aetna acquisition of Humana 20160627/NEWS03/160629849 (Reuters) — The Illinois Department of Insurance has approved Aetna Inc.'s proposed $34 billion acquisition of Humana Inc. with no conditions. Mon, 27 Jun 2016 11:55:56 EST Catastrophe modeler releases India earthquake model 20160627/NEWS06/160629850 AIR Earthquake's model for India estimates losses to residential, commercial, and small industrial buildings and automobiles. Mon, 27 Jun 2016 11:23:04 EST China moves closer to adopting controversial cyber security law 20160627/NEWS06/160629852 The proposed law carries significant consequences for businesses and threatens greater internet censorship. Mon, 27 Jun 2016 10:50:17 EST Health insurer joins stampede to narrow networks 20160627/NEWS03/160629853 Blue Cross and Blue Shield of Minnesota is cutting back participation in the state's Affordable Care Act exchange after losing nearly $300 million. Mon, 27 Jun 2016 09:08:10 EST Will Trump embrace controversial House GOP health proposals? 20160627/NEWS03/160629854 House Speaker Paul Ryan has called the proposal “a real plan, in black and white” to “make health care actually affordable.” Mon, 27 Jun 2016 08:57:25 EST U.K.'s exit from E.U. to significantly hit major insurers: A.M. Best 20160627/NEWS09/160629855 A.M. Best Co. Inc. has said that Britain's decision to leave the European Union could significantly hit major insurers, reported The Royal Gazette. Mon, 27 Jun 2016 06:07:55 EST Views differ on future of insurance sector following Brexit 20160627/NEWS09/160629856 There have been different views from insurance industry officials on the future of the sector in wake of the United Kingdom's decision to leave the European Union, Middle East Insurance Review reports. Mon, 27 Jun 2016 06:06:47 EST U.K. flood insured and reinsured losses now total $1.68 billion: Perils 20160627/NEWS09/160629857 Perils A.G. has said that the insured and reinsured losses from floods in the United Kingdom in December 2015 and early January 2016 now totals 1.13 billion ($1.68 billion), after the estimate for storms Eva and Frank decreased by 7%, reports. Mon, 27 Jun 2016 06:05:45 EST