LONDON (Reuters) – Global commercial insurance rates rose 19% in the second quarter, driven higher by claims related to COVID-19 and other large losses, insurance broker Marsh said on Monday. The rate rise was the highest since Marsh began its commercial insur... More »
NEW YORK (Reuters) – Late in March, Laura Gross, 72, was recovering from gall bladder surgery in her Fort Lee, New Jersey, home when she became sick again. Her throat, head and eyes hurt, her muscles and joints ached and she felt like she was in a fog. Her dia... More »
LONDON (Reuters) – Investors in property funds should wait up to 180 days before they can get their money back to avoid widespread suspensions in rocky markets, Britain’s Financial Conduct Authority proposed on Monday. UK-regulated open-ended property funds of... More »
LONDON (Reuters) – Aviva (AV.L) CEO Maurice Tulloch is stepping down with immediate effect for family health reasons, the UK insurer said on Monday, naming independent director and former Zurich Insurance executive Amanda Blanc as his replacement. It’s the sec... More »
TOKYO (Reuters) – Sony Corp (6758.T) will turn its financial arm, Sony Financial Holdings Inc (8729.T), into a wholly owned unit through a tender offer worth about 400 billion yen ($3.72 billion), the Japanese electronics and entertainment giant said on Tuesda... More »
TOKYO (Reuters) – Japan’s Shionogi & Co (4507.T), creator of the blockbuster cholesterol treatment Crestor, said on Monday it would tie up with Ping An Insurance Group Co of China (601318.SS), selling a 2.05% voting stake for 33.53 billion yen ($311 million). ... More »
LONDON (Reuters) – Thousands of London’s underwriters took their stamps and fountain pens home last week, which they use to sign insurance contracts, but they won’t need them. Working at home due to the coronavirus lockdown, they have abandoned the normal tool... More »
LONDON (Reuters) – The Bank of England canceled this year’s stress test of major banks on Friday and said it may be hard to implement new global capital rules on time given the focus now on supporting lending to customers hit by the coronavirus epidemic. The d... More »
WASHINGTON (Reuters) – The U.S. Supreme Court on Friday took up an appeal by President Donald Trump’s administration seeking to enforce new federal rules allowing employers to obtain religious exemptions from an Obamacare requirement that health insurance that... More »
BUDAPEST/WARSAW (Reuters) – Eastern Europe is a new frontier for private medical care, and insurers and tech startups are racing to steal a march on their rivals by harnessing the region’s health data. Growing numbers of people in Eastern European states, from... More »
(Reuters Health) – In spite of protections baked into the Affordable Care Act, women who have health insurance through their employer may pay thousands of dollars out of pocket to have a baby in the United States, researchers reported this week. Although the A... More »
HONG KONG (Reuters) – The logistics unit of Chinese e-commerce company JD.com Inc (JD.O) has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuter... More »
(This Dec. 5 story corrects first paragraph to say growth was slower not declined in previous years, removes reference to projected spending in eighth paragraph) (Reuters) – U.S. healthcare spending grew faster in 2018 after two slower growth years, a governme... More »
(Reuters Health) – When insurance covers in vitro fertilization, more women struggling with infertility, especially those with limited financial resources, will use the method to improve their chances of having a baby, a new study suggests. Researchers found t... More »
(Reuters Health) – Many insured Americans go out of network for mental health services, a new study suggests, despite the higher costs to them and despite a federal law mandating that policies’ mental health coverage be at least as good as their physical healt... More »
LONDON (Reuters) – Britain’s vast financial services industry will lose more jobs to Europe over the coming years because of Brexit, the City of London’s policy chief told Reuters, warning people not to be duped by the low number of job moves to the continent ... More »
LONDON (Reuters) – From the pinnacle of the City of London’s largest skyscraper, Stuart Lipton is wagering a $1.2 billion bet that the British capital remains a master of the international financial universe no matter what happens with Brexit. The 76-year-old ... More »
(Reuters Health) – British citizens with HIV who live in Spain could face serious healthcare challenges post-Brexit, potentially risking public health at large, researchers say. A no-deal Brexit could leave many patients with HIV or other chronic conditions in... More »
MILAN (Reuters) – Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. The 84-year-old billionaire bought a 7% stake in Medioban... More »
NEW YORK (Reuters) – Morgan Stanley (MS.N) and Bank of America Corp (BAC.N) are expanding the employee-benefits services they offer, hoping to gain market share in the dull-but-reliable business of managing wealth for companies and employees. The banks, which ... More »
LONDON (Reuters) – Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling for several years due to competition and fe... More »
(Reuters) – Canada’s largest insurer insurer Manulife Financial Corp on Wednesday edged past estimates for second-quarter profit, helped by strength in Asia unit, its biggest. Insurers in Canada have been increasingly pivoting toward Asia for growth, looking t... More »
WASHINGTON (Reuters) – U.S. President Donald Trump’s administration is considering unveiling, as early as September, his healthcare plan as part of his presidential re-election campaign strategy, the Wall Street Journal reported on Saturday. The plan would lay... More »
For several decades, certain cancer centers have been allowed by the U.S. government to charge more for the care they give. A new study finds the care given at these centers isn’t very different from that received at other top-notch facilities. Since the early... More »
(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC called on Sony Corp on Thursday to spin off its semiconductor business and sell off stakes in Sony Financial and other units, in order to position itself as a leading global entertainment company. T... More »
(Reuters Health) – People with inflammatory bowel disease – either Crohn’s disease or ulcerative colitis – may incur health costs more than three times higher than individuals without these conditions, a U.S. study suggests. Inflammatory bowel disease (IBD) in... More »
(Reuters Health) – With increased access to insurance under the Affordable Care Act (ACA), known as Obamacare, fewer middle-aged people are dying from heart disease, a U.S. study suggests. Under the ACA, some U.S. states expanded coverage through Medicaid – a ... More »
(Reuters Health) – Fewer and fewer psychiatrists are accepting Medicaid even as increasing numbers of patients have gained mental health coverage through expansion of the program, a new study suggests. The percentage of psychiatrists taking Medicaid fell from ... More »
(Reuters Health) – States that require adults on Medicaid to work a set number of hours to get benefits may find many people lose coverage because behavioral health conditions and other chronic health problems make it hard for them to work, a U.S. study sugges... More »
LONDON (Reuters) – A venture capital fund dedicated to finding new ways to prevent and treat dementia has raised $350 million, far exceeding the initial target of $200 million set on its launch in 2015. The global Dementia Discovery Fund (DDF), an initiative o... More »
BOSTON (Reuters) – Massachusetts’ securities regulator on Monday accused MetLife Inc of making false statements to investors related to its failure to pay pension benefits to thousands of retirees that it improperly treated as “presumed dead.” Massachusetts Se... More »
NEW YORK (Reuters) – U.S. insurer Lincoln National Corp could deliver shareholder returns of 20 percent or more in the coming year, as the market for the company’s main product, variable annuities, recovers, Barron’s reported. Demand for variable annuities, a ... More »
(Reuters Health) – Under the Affordable Care Act (ACA) provision allowing adult children to stay on their parents’ health insurance policy until age 26, young women with gynecological cancers were diagnosed and treated sooner, researchers say. Before the law, ... More »
WASHINGTON/NEW YORK (Reuters) – The Trump administration is considering expanding Medicare’s ability to negotiate the cost of drugs by giving private payers a role in setting the price of medicines administered in hospitals and doctors’ offices, Health and Hum... More »
NEW YORK (Reuters) – Two partners at the hedge fund Deerfield Management and two others were found guilty on Thursday of charges stemming from what prosecutors have described as an insider trading scheme based on leaks from within a federal healthcare agency. ... More »
(Reuters Health) – The Affordable Care Act (ACA) has been good for the financial health of Level 1 trauma centers in hospitals that serve vulnerable patients, but these critical facilities remain at risk of future financial problems, U.S. researchers say. So-c... More »
(Reuters Health) – Without some kind of health insurance, getting an appointment with a primary care doctor, and being able to pay in full or over time remains a challenge for millions in the U.S., a recent study suggests. Although the number of uninsured is d... More »
(Reuters Health) – The cost of new anti-cancer drugs increased more than five-fold from 2006 to 2015, but a new analysis suggests that cancer patients and insurers may be getting less for their money. Anticancer medications account for the lion’s share of glob... More »
FILE PHOTO: An elderly man walks in a park in London. LONDON (Reuters) – Life expectancy for people in England and Wales aged 65 at the beginning of 2018 has shortened by two months compared with a year earlier, research showed on Thursday. This was the same a... More »
A worker collects cuttings from a marijuana plant at the Canopy Growth Corporation facility in Smiths Falls, Ontario, Canada, January 4, 2018. REUTERS/Chris Wattie TORONTO (Reuters) – Canopy Growth Corp, one of the world’s biggest medical marijuana producers, ... More »
FILE PHOTO: Traders work at the post where UnitedHealth Group is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. REUTERS/Brendan McDermid NEW YORK (Reuters) – The U.S. government on Thursday proposed an increase o... More »
FILE PHOTO: A sign on an insurance store advertises Obamacare in San Ysidro, San Diego, California, U.S., October 26, 2017. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Slightly fewer Americans have enrolled for insurance through the federal Obamacare ma... More »
Logos of CVS and Aetna are displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, U.S., December 5, 2017. REUTERS/Lucas Jackson NEW YORK (Reuters) – CVS Corp’s proposed purchase of Aetna Inc will affec... More »
FILE PHOTO – U.S. Administrator of the Centers for Medicare and Medicaid Services (CMS) Seema Verma (C) is joined by Concerned Women for America CEO Penny Nance (L) as she talks to reporters about President Trump’s signing of House Resolution 43, which allows ... More »
SHANGHAI (Reuters) – Chinese stocks slipped further on Friday after the biggest selloff in months the previous day, with fresh government steps to reduce financial risks and a rout in the bond market sapping investors’ confidence. The blue-chip CSI300 Index .C... More »
FILE PHOTO: A sign on an insurance store advertises Obamacare in San Ysidro, San Diego, California, U.S., October 26, 2017. REUTERS/Mike Blake/File Photo (Reuters) – The pace slowed in the third week of enrollment for 2018 Obamacare individual insurance as nea... More »
The U.S. unit of the French insurer AXA has filed for an initial public offering (IPO), according to a U.S. regulatory filing on Monday. More »
U.S. Senate Republicans unveiled a tax plan on Thursday that differed from the House of Representatives' version on several key fronts, including how they treat the corporate tax rate, the tax deduction for state and local taxes, and the estate tax. More »
The proposed merger between U.S. pharmacy operator CVS Health Corp and No. 3 health insurer Aetna Inc represents a $66 billion bet that insurers can drive down high U.S. drug prices by cutting out the middleman. More »
The U.S. Treasury on Thursday rejected the idea of singling out specific asset management and insurance firms as systemically risky, indicating that they are unlikely to be designated as “too big to fail” and slapped with additional oversight under the adminis... More »
U.S. Senate Republican leader Mitch McConnell said on Sunday he was willing to bring healthcare legislation up for a vote but was waiting for the go-ahead from President Donald Trump, who sent mixed signals last week about a bipartisan bill that would shore up... More »
U.S. President Donald Trump moved to undermine Obamacare dramatically late on Thursday by cutting off subsidies to health insurance companies for low-income patients, sparking threats of legal action and concern of chaos in insurance markets. More »
President Donald Trump's administration on Friday undermined requirements under the Obamacare law that employers provide insurance to cover women's birth control, keeping a campaign pledge that pleased his conservative Christian supporters. More »
American International Group Inc (AIG.N) poses less of a threat to financial stability because it shrank its assets by more than $500 billion, Federal Reserve Chair Janet Yellen said on Monday in explaining why she voted in favor of releasing the company from ... More »
China's latest push to revive its bloated state-owned sector is set to pick up pace this year, with bankers and investors expecting possible spin-offs and asset sales to follow a key Communist Party Congress in October. More »
The Republicans’ battle to repeal Obamacare is starting to look less like warfare and more like a game of whack-a-mole. More »
Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe's single market, according to a Reuters survey of firms employing the bulk of workers in international finance. More »
Around 10,000 finance jobs will be shifted out of Britain or created overseas in the next few years if the UK is denied access to Europe's single market, according to a Reuters survey of firms employing the bulk of workers in international finance. More »
Insurers are counting on real-time technology to help them cut back payouts, from a system warning ships of nearby pirates to an app offering to buy sleepy drivers a coffee on the motorway. More »
ZhongAn Online Property and Casualty Insurance Co, China's first internet-only insurer, has covered the institutional tranche of its up to $1.5 billion initial public offering (IPO) multiple times over, sources close to the deal said on Monday. More »
ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, secured Hong Kong stock exchange approval for its planned initial public offering which could raise more than $1 billion, sources with direct knowledge of the deal said... More »
When the U.S. Congress returns from summer vacation on Tuesday, for the first time in years gutting Obamacare will not be the main order of business on the healthcare agenda. More »
Investors piled back into European stocks on Wednesday, boosting indexes higher in a relief rally after geopolitical concerns caused a sharp dip across equity markets. More »
Samsung Electronics Vice Chairman Jay Y. Lee has filed an appeal against the five-year jail term he was given for bribery and other charges through his lawyer, according to the Seoul Central District Court's website on Monday. More »
American International Group Inc's (AIG.N) new Chief Executive Brian Duperreault has pledged to revive the insurer's glory days of top talent, underwriting discipline and fat profit margins. More »
European shares rose on Monday after geopolitical tension had sent them to their worst weekly losses of the year. More »
Borrowers unwittingly charged for auto insurance when they took out car loans from Wells Fargo & Co asked a U.S. court on Friday to force the bank to help them repair their credit scores. More »
U.S. President Donald Trump delivers remarks about his proposed U.S. government effort against the street gang Mara Salvatrucha, or MS-13, to a gathering of federal, state and local law enforcement officials in Brentwood, New York, U.S. July 28, 2017. U.S. Pre... More »
FILE PHOTO – A booth of Lufax is seen during an exhibition in Beijing, China, August 4, 2016. Picture taken August 4, 2016. Chinese online wealth management giant Lufax will launch its first overseas platform in Singapore, the company said on Monday, as a more... More »
Senate Majority Leader Mitch McConnell speaks at a Harden County Republican party fundraiser in Elizabethtown, Kentucky, U.S., June 30, 2017. The U.S. Senate will delay its consideration of healthcare legislation while Arizona Republican Senator John McCain re... More »
U.S. Senator Susan Collins (R-ME) talks to reporters as she leaves a meeting of the Senate Republican caucus to unveiling of Senate Republicans’ revamped proposal to replace Obamacare health care legislation at the U.S. Capitol in Washington, U.S. July 13, 201... More »
Two major U.S. health insurance groups on Friday called on Senate Republican leader Mitch McConnell to drop from a healthcare bill a provision proposed by Senator Ted Cruz that allows insurers to offer stripped-down, low-cost healthcare plans. More »
By Ronnie Cohen(Reuters Health) – An initiative to enroll dying veterans in hospice care appears to be working, and its success may offer clues for h More »
Senate Majority Leader Senator Mitch McConnell (R-KY) attends a new conference following party policy lunch meeting at the U.S. Capitol in Washington, U.S. July 11, 2017. U.S. Senate Republicans said Tuesday they will seek to bring their healthcare overhaul to... More »
By Carolyn Crist(Reuters Health) – Nearly 37 percent of Americans have advanced directives for end-of-life care if they become seriously ill or unabl More »
The U.S. Centers for Medicare & Medicaid Services (CMS) said on Tuesday it had approved Alaska’s proposal to stabilize its state health insurance exchange by creating a program to cover claims by people with certain high cost conditions. More »
U.S. Senator John McCain speaks during a news conference in Kabul, Afghanistan July 4, 2017. REUTERS/Mohammad Ismail Republicans expressed increasing pessimism on Sunday about the prospects for the healthcare bill in the U.S. Senate aimed at rolling back Obama... More »
By Ronnie Cohen(Reuters Health) – Unpaid family and friends provide the overwhelming majority of care to the elderly in their last year of life, acco More »
By Andrew M. Seaman(Reuters Health) – People who want access to the best cancer treatment centers in the U.S. may want to avoid health insurance pla More »
Senate Majority Leader Mitch McConnell speaks at a Harden County Republican party fundraiser in Elizabethtown, Kentucky, U.S., June 30, 2017. REUTERS/Bryan Woolston U.S. Senate Republican leader Mitch McConnell said on Thursday that Congress must act to shore ... More »
American International Group Inc. (AIG) headquarters seen on the day of the company’s 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn American International Group Inc is expected to hire the head of Ma... More »
Fred Hu, Chairman of Primavera Capital Group, poses for a photo ahead of a Reuters interview in Beijing, China, January 10, 2017. Picture taken on January 10, 2017. REUTERS/Jason Lee Primavera Capital Group, one of China’s largest private-equity firms, is payi... More »
U.S. President Donald Trump listens as South Korean President Moon Jae-in delivers a statement from the Rose Garden after meetings at the White House in Washington, U.S. June 30, 2017. REUTERS/Jim Bourg U.S. President Donald Trump urged Republican senators in ... More »
The White House said on Friday it was “fully committed” to pushing a Republican draft healthcare bill through the Senate, although it was looking at every option for repealing and replacing Obamacare. More »
Senator Susan Collins (R-ME) speaks to reporters after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts Republican Senator Susan Collins of Maine sa... More »
FILE PHOTO: Extensive damage is seen to the Grenfell Tower block which was destroyed in a disastrous fire, in north Kensington, West London, Britain June 16, 2017. REUTERS/Hannah McKay The insurance industry warned the British government of the dangers of flam... More »
FILE PHOTO: An Americans for Prosperity banner is seen during an event in Manchester, New Hampshire, July 22, 2015. REUTERS/Dominick Reuter Officials with the conservative U.S. political network overseen by the Koch brothers say they are unhappy with the healt... More »
Senator Rand Paul (R-KY) speaks to reporters after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts U.S. Republican Senator Rand Paul said on Sunday... More »
FILE PHOTO – Senator Dean Heller (R-NV) arrives at the Senate Judiciary Committee Privacy, Technology and the Law Subcommittee hearing on The Surveillance Transparency Act of 2013 on Capitol Hill in Washington, November 13, 2013. REUTERS/Yuri Gripas U.S. Repub... More »
An emergency sign points to the entrance to Scripps Memorial Hospital in La Jolla, California, U.S. March 23, 2017. REUTERS/Mike Blake Health insurers are concerned about the U.S. Senate’s plans to cut the Medicaid program for the poor and the impact such a mo... More »
Speaker of the House Paul Ryan (R-WI) speaks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. REUTERS/Joshua Roberts After weeks of discussions behind closed doors, ... More »
U.S. President Donald Trump takes the stage for a rally at the U.S. Cellular Center in Cedar Rapids, Iowa, U.S. June 21, 2017. REUTERS/Scott Morgan U.S. President Donald Trump said he supported a Republican healthcare bill to replace Obamacare that was unveile... More »
FILE PHOTO – ‘Joy’ and ‘Sadness’, characters of the animation film ‘Inside Out’, pose at its premiere at El Capitan theatre in Hollywood, California, U.S. on June 8, 2015. REUTERS/Mario Anzuoni/File Photo A parenting and child development specialist has sued W... More »
President Donald Trump on Tuesday said that the Republican push to repeal Obamacare may require additional money for healthcare, but he did not specify how much more funding would be needed or how it might be used. More »
Lights are projected on the facade of the Gran Hotel Manzana during its official inauguration, in Havana, Cuba June 7, 2017. REUTERS/Stringer Towering cranes dot the Havana skyline as communist-run Cuba races to build luxury hotels, amid indignation among some... More »
By Andrew M. SeamanHeart health in the U.S. has generally improved since the start of the 21st century, but not for adults living in poverty, a new More »
An electronic patients chart is shown on the wall to a hospital room in San Diego, California April 17, 2017. REUTERS/Mike Blake A bill passed by U.S. House Republicans would cause 23 million people to lose healthcare coverage by 2026 while de-stabilizing heal... More »
A MetLife Inc building is shown in Irvine, California, U.S., January 24, 2017. REUTERS/Mike Blake A U.S. appeals court on Friday granted a 60-day pause in the long-running case in which the country’s largest life insurer, MetLife Inc, has challenged the federa... More »
By Ronnie Cohen(Reuters Health) – You might not get what you pay for when it comes to healthcare, a new study suggests.A report in Health Aff More »
Mark Bertolini, Chairman and CEO of Aetna, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco, California November 3, 2015. REUTERS/Elijah Nouvelage/File Photo Aetna Inc Chief Executive Officer Mark Bertolini wants a debate ab... More »
