Tag: health insurance company

Another health insurance company in the US has been hacked

Marc
hacking alert cyber attack health insurance company

Excellus announces that it has been hit by a major data breach Excellus BlueCross BlueShield, a prominent health insurance company operating in the United States, has announced that it has fallen victim to a data breach. The cyber attack affected Excellus as well as several of its affiliates, which may have lead to the information of some 10.5 million people being compromised. According to Excellus CEO Christopher Booth, the company was targeted by a “very sophisticated” cyber attack, making Excellus one of the most recent insurers to fall victim to…

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Anthem insurance company to purchase Cigna for $54 billion

G. Turner
Cigna's Headquarters in Philadelphia insurance company

Massive acquisition to take place as one insurer purchases the other for cash and stock. It was recently announced that Anthem will be buying the Cigna insurance company for a tremendous buyout of $54 billion in cash and stock, making this the latest huge purchase by the insurer. The buyout is for 55 percent cash in addition to the remaining 45 percent in stock. Anthem has agreed to purchase each Cigna share for $188. The combined insurance company will be serving an estimated 53 million plan members. This new acquisition…

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Largest health insurance acquisition ever of Humana by Aetna

G. Turner
Health Insurance company merger Aetna

This is the largest deal that the industry in the company has ever experienced, as the rivals combine. American health insurance company, Aetna Inc. has now announced that it will be purchasing its smaller competitor, as it enters into the largest industry deal that the country has ever seen. The purchase is being made for approximately $37 billion in cash and stock, according to initial reports. Once these two health insurance companies are joined, it will bring Aetna considerably closer to the second place position that is currently held by…

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Alaska’s health marketplace loses 3 insurance companies

Julie Campbell
Alaska health insurance

Three insurers have now announced that they will no longer be selling individual plans in the state. Yet another insurer has now announced that it will be leaving the individual health plan marketplace in Alaska, which has brought the number of insurance companies that will be leaving the state up to three over the last couple of months, alone. This will cause over 5,000 Alaskans to have to seek out a new provider for their health care policies. The three insurance companies that have given their notice during the last…

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Montana insurance market will be losing Assurant

G. Turner
montana Health insurance

The health insurer has now announced its intentions to step out of the state and will be notifying its customers. The Montana insurance marketplace will soon have one fewer company to include among those selling health plans, as Assurant has filed its notice to leave the state and will soon be sending its policyholders their notifications, as well. The Wisconsin-based health insurance company is seeking to step out of this type of offering. Assurant Health has said that it will be leaving the 7,283 customers that it serves in the…

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