The departments of Labor, Health and Human Services and Treasury finalized on Oct. 31 regulations proposed in June that limit the duration of so-called short-term insurance policies.

According to research, 75 percent of wage and hour lawsuits initiated by the the U.S. Department of Labor against employers resulted in financial payouts to employees.

Other big insurers -- UnitedHealth Group Inc., Aetna Inc. and Humana Inc. -- have already scaled back, after posting massive ACA losses.