Insurance News

Representatives of the American Psychiatric Association say the Connecticut Insurance Department should be doing more to stop discriminatory policies in mental health insurance plans. ...

Anthem Health Plans Inc. has agreed to adjust its billing code and to reexamine about 28,000 claims for mental health services dating back to the start of 2013, according to the Connecticut Insurance Department. ...

Zurich American Insurance Company has agreed to refund $4.6 million to policyholders of its New York statutory disability insurance policies because they failed to spend at least 60 percent of its premiums on claims, a violation of state law. ...

New York state has reached a $14 million settlement with Assurant Inc., a force-placed insurer. ...

HSAs and HDHPs continue to offer employers and employees a flexible way to manage and reduce health care costs, especially as banks develop more sophisticated and convenient product sets that benefit both business and personal banking customers. ...

The Navigators Group Inc. has been offered state incentives through Gov. Dannel P. Malloy's "Next Five" economic development program, which provides taxpayer assistance to companies that pledge to create at least 200 jobs in Connecticut. ...

About 52 percent of small businesses in New York, Connecticut and New Jersey lost sales or revenue as a result of Hurricane Sandy, according to a report by The Hartford insurance group. ...

Buck Consultants, a human resources and benefits firm owned by Xerox Corp., will launch a private health insurance exchange for employers with 3,000 or more eligible employees for enrollment this coming fall. ...

The Connecticut Insurance Department has automatically extended thousands of emergency licenses granted to insurance company casualty adjusters in the wake of Hurricane Sandy for an additional 90 days. ...

New York state has received a $185.8 million federal grant for its Health Benefit Exchange. ...

Shoff Darby Insurance Agency, which offers a variety of insurance policies for businesses and individuals, has completed a 4,273-square-foot lease at 488 Main Ave. in Norwalk. ...

Total losses related to Hurricane Sandy will top $50 billion, while insured losses attributed to the storm are likely to be about $25 billion, according to a Jan. 3 report by Munich Reinsurance America Inc. ...

After receiving a pummeling from members on both sides of the aisle yesterday over a decision to not vote on a $60 billion aid bill for victims of Hurricane Sandy, House Republican leadership reversed course. ...

Endurance Specialty Holdings Ltd. is reportedly tallying its losses post-Hurricane Sandy and estimates they will reach $160 million. ...

Swiss Re economists estimate insurers worldwide will pay $60 billion to cover losses in 2012 from natural disasters, the most costly of which was Hurricane Sandy. ...