Towers Watson boosts Medicare offerings with $435M Extend Health deal
14 May
Posted by Samantha Lee as Insurance news
Towers Watson, a professional services company based in New York, is acquiring Extend Health, which operates the largest private Medicare exchange in the U.S., as it seeks to expand its retirement services offerings.
Towers Watson will pay $435 million for the San Mateo, Calif., company, with which it formed a strategic alliance in August 2011.
“We believe that this combination of two market leaders will provide innovative, best-in-class health care solutions that combine specialized retiree medical transition consulting with the choice and cost advantages of individual Medicare plans purchased on a private exchange,” the company said in a statement.
The Extend Health solution includes proprietary exchange and decision support technology. Its
‘Dog profiling’: One community mandates insurance for owners of certain breeds
08 May
Posted by Samantha Lee as Insurance news
To some people, pit bulls, Rottweilers and German Shepherds conjure up fear. Others see these dogs as part of the family.
Metropolitan Life Insurance Co. has agreed to pay $10,000 to settle a case where current and former customers personal information was made public in November 2009.
Connecticut Attorney General George Jepsen, who negotiated the deal with Connecticut Consumer Protection Commissioner William Rubenstein, said in a statement that MetLife “acted voluntarily” to correct “the mistake of its employee and to protect its customers.”
Information of current and former MetLife customers was part of a spreadsheet posted to the Internet by an employee of the company. When on
Auto insurance company Progressive adds to Mega Millions madness
05 Apr
Posted by Samantha Lee as Insurance news
Auto insurance company Progressive contributed to the Mega Millions lottery frenzy March 30 with a mega-giveaway.
As the multistate Mega Millions jackpot catapulted toward a record-breaking $640 million, Progressive advertising character The Messenger was handing out 1,937 Mega Millions tickets in New Orleans French quarter. The Messenger bought the tickets at a convenience store in suburban Metairie.
The company gave away the 1,937 tickets in honor of its 75th anniversary.
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