A day after New York’s attorney general took aim at UnitedHealth Group’s health-care reimbursement procedures, the ultimate financial implications for the nation’s largest insurer were yet to come into focus.
But there is little doubt that Andrew Cuomo’s probe has handed company executives a significant distraction and a bit of a black eye.
Although some analysts believe […]
Headquarters: Eden Prairie
Revenues: $1.65 billion
Employees: 4,500 worldwide
Clients: Insurance companies, physicians, hospitals, private business, pharmaceutical and biotech companies, government agencies.
Provides: consumer tools, claims-processing data, fraud detection, risk forecasting, disease prevention programs, management of coding and reimbursement systems.
Circuit City to cut home-installation jobs
Struggling electronics retailer Circuit City Stores Inc. said Monday it is shrinking its home installation business in response to the nationwide slowdown in home construction. Over four months, Circuit City will cut 67 jobs of workers who prewire new single-family homes, spokesman Jim Babb said.
Delta again drops $10 fuel […]
WASHINGTON
- It’s a Herculean task: revamping a financial regulatory system dating back to the Civil War to deal with 21st century crises imperiling the country.Under an ambitious Bush administration plan, the Federal Reserve would take on the unwieldy role of uber cop in charge of financial market […]
EAGLE, Idaho
- What they didn’t know before moving to Idaho could fill a house, and in many ways it does.The kitchen table holds stacks of legal papers. Medication bottles litter a nearby countertop. The two-story home Robert Ryan, 42, shares with his partner, Ralph Martinelli, 53, overlooks […]
The assertion by Mark Dayton (This time, let’s be fair about the budget gap, March 24) that the richest people in Minnesota don’t pay their fair share of taxes is without merit.
It’s not his fault. Dayton cites a study that attempts to allocate all state taxes (franchise, property, excise, personal sales and corporate sales taxes) […]
NEW YORK
- At age 35, Jessica Queller was the kind of woman it’s hard not to envy. Bright, funny and attractive, she was a TV writer with a great Hollywood gig and loads of friends.Yet one sunny morning, Queller suddenly faced an overwhelming life-or-death decision.A few months […]
The Minnesota House today passed a bill that would expand consumers’ rights to sue their insurance companies.
It would require insurance companies to act in good faith in denying claims from their clients or face penalties.
Hotly debated and lobbied by trial lawyers on one side and the insurance industry on the other, the bill passed the […]
NEW YORK (Reuters) - Sovereign wealth funds and private equity firm Cerberus are looking at investing in bond insurers as the insurance companies try to raise money and hang onto their top ratings.
New York’s state insurance superintendent said on Wednesday he has talked to sovereign wealth funds about potential investments in U.S. bond insurers. He […]
SINGAPORE (Reuters) - Allianz (ALVG.DE: Quote, Profile, Research), Europe’s top insurer, believes market turbulence has created acquisition opportunities in Asia, and predicts Asian sales will climb to 10 percent of total group income, or 10 billion euros ($15 billion).
The Munich-based firm generated 8.8 billion euros from selling life insurance and property and casualty cover in […]