Health Care Reform News

Specialized Independence

Top 100 Agency Profile Agency Name: The Horton Group Inc. Headquarters: Orland Park, Ill. Year Founded: 1971 Locations: 15 2009 Total P/C Premiums: $258.3 million Commercial Lines: $221.4 million Personal Lines: $36.8 million Other than P/C: $269.7 million 2009 Total …

Business Moves

Fairfax, Zenith National Insurance Toronto-based Fairfax Financial Holdings Ltd. and California-based Zenith National Insurance Corp. announced that Fairfax has received approval from the California Department of Insurance for the acquisition by Fairfax of Zenith pursuant to the previously announced merger …

Calif. Bill Increases Disclosure for Pet Insurers

California lawmakers are bringing a version of health care reform to your pets. A bill that passed this week in the state Assembly would require greater disclosure from health insurance companies that cover animals. The bill by Democratic Assemblyman Dave …

New Mexico Insurance Chief: ‘Sad’ Comments Led to Resignation

New Mexico Insurance Superintendent Morris Chavez has resigned, saying he and his family have been the targets of “sad and derogatory” online comments in the wake of a contentious health insurance rate case his office recently settled. Chavez submitted a …

Barney & Barney Acquires Virtual Cosourcing Solutions

San Diego-based Barney & Barneyannounced today that it has acquired Virtual Cosourcing Solutions and hired its CEO Stan Lambert as a principal. Lambert has launched the firm’s Specialty Services Divisionto provide the firm a platform to deliver consumer insurance offerings, …

M&A Wrap Up: The Rollercoaster of M&A

January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance with 54 deals compared to 51. Despite the decline in …

Lawmakers See Expanded Role for Calif. Insurance Commissioner

Two state lawmakers are the leading candidates for the Democratic nomination for California insurance commissioner, the statewide office responsible for regulating insurers at a time of great change and heightened scrutiny for health care coverage. Assemblymen Dave Jones of Sacramento …

New Mexico Insurance Chief: ‘Sad’ Comments Led to Resignation

New Mexico Insurance Superintendent Morris Chavez announced he will resign, saying he and his family have been the targets of “sad and derogatory” online comments in the wake of a contentious health insurance rate case his office recently settled. Chavez …

Some Health Insurers Shifting Costs Ahead of New Loss Ratio Mandate

Some of the largest U.S. health insurers are changing their accounting practices to book administration costs as medical costs in an attempt to circumvent new industry reforms, according to a recent U.S. Senate panel’s report. Under the healthcare law passed …

Older Workers Sticking with Jobs; Employment for Youngest Falls

More adults over age 65 are staying in the work force, which could make it harder for younger workers to find jobs, a private report showed Friday. Older workers have delayed retirement because of a drop in household wealth tied …