Insurance Archive

Trump’s $12 billion plan to prevent flooding opposed in Congress

The Trump administration’s proposed $12 billion initiative to reduce future flood damage met with skepticism in Congress, as lawmakers warned against diverting emergency funding away from hurricane survivors. “We’ve got folks who are suffering,” said Mario Diaz-Balart, a Republican congressman from Florida and chairman of the House panel responsible for that funding. “We’ve got to

Liberty Mutual Insurance Opens New Campus in North Texas

Liberty Mutual Insurance Chairman and CEO David H. Long officially opened the company’s one million square foot office complex in Plano, Texas, on Tuesday with a ribbon-cutting ceremony attended by Texas Governor Greg Abbott and City of Plano Mayor Harry LaRosiliere. The 19-story campus will offer employee amenities such as an on-site medical center with

Wells Fargo Closing Down Its Personal Insurance Business

Wells Fargo & Co. announced it is exiting the personal insurance business and will immediately begin winding down its marketing. The company said the exit process should be completed during the first quarter of 2018. Until that time, it will continue to make available and service its personal insurance products. Wells Fargo has offered auto,

UnitedHealth tops profit estimates on strength in Optum business

UnitedHealth, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellwether for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance companies for