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MLR rule saved consumers $1.5 billion

Peter Westerman | December 10, 2012

Consumers saw nearly $1.5 billion in insurer rebates and overhead cost savings in 2011 due to health reforms medical loss ratio provision, according to a Commonwealth Fund study.

Warning on VAs to advisors: Be afraid. Be very afraid

Peter Westerman | December 10, 2012

Glenn Daily, insurance expert and VA dissenter, says complexity of these products guaranteed benefits is beyond most advisors ability to assess

Quinn: Pension problem is Illinois' 'fiscal cliff'

Peter Westerman | December 10, 2012

The governor has set a Jan. 9 deadline to overhaul the pension system, which is underfunded by an estimated $96 billion.

Verizon moves pension obligations to Prudential

Peter Westerman | December 10, 2012

Phone company Verizon has transferred $7.5 billion in pension obligations to Prudential Insurance after a retiree association failed to convince a court to stop the move.

Individual life sales up in third quarter

Peter Westerman | December 10, 2012

Total individual life insurance premium grew 3 percent both in the third quarter and for the first nine months of 2012, according to new data from LIMRA released Monday.

Obama heads to Michigan to push taxes on rich

Peter Westerman | December 10, 2012

President Barack Obama is pressing for public support Monday to raise taxes on the wealthiest Americans, a day after he and House Speaker John Boehner met one-on-one for the first time to discuss ways to avert the "fiscal cliff."

Cigna backs 2012-13 outlooks

Peter Westerman | December 10, 2012

Health insurer Cigna Corp. said Monday it plans to reaffirm its 2012 and 2013 financial guidance in discussions with investors and analysts this week.

Pennsylvania governor pushes for right to work

Peter Westerman | December 10, 2012

Gov. Tom Corbett said Monday that Pennsylvania apparently lacks the political will to become a "right-to-work" state, a key issue for conservatives as Republicans in fellow industrial state Michigan prepare to pass such a law over the protests of organized labor.

Pension deficit of S&P 1500 companies decreased in November

Peter Westerman | December 10, 2012

The aggregate deficit in pension plans sponsored by S&P 1500 companies decreased by $12 billion to $607 billion in November.

Women regain lost jobs

Peter Westerman | December 10, 2012

Based on an analysis of the November employment report from the U.S. Bureau of Labor Statistics, women passed men regarding jobs regained during the recovery, according to the Institute for Womens Policy Research.

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MLR rule saved consumers $1.5 billion

Warning on VAs to advisors: Be afraid. Be very afraid

Quinn: Pension problem is Illinois' 'fiscal cliff'

Verizon moves pension obligations to Prudential

Individual life sales up in third quarter

Obama heads to Michigan to push taxes on rich

Cigna backs 2012-13 outlooks

Pennsylvania governor pushes for right to work

Pension deficit of S&P 1500 companies decreased in November

Women regain lost jobs

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