Page 2 - Private Insurers
Health insurer Anthem to pay nearly $40M settlement over 2015 cyberattack
Health insurer Anthem has agreed to another multimillion-dollar settlement over a cyberattack on its technology that exposed the personal information of nearly 79 million people. The Blue Cross-Blue Shield insurer said Wednesday that it will pay $39.5 million to settle an investigation by a group of state attorneys general. Anthem said it was the last open investigation into the attack. The company also agreed nearly two years ago with the U.S. Department of Health and Human Services to pay $16 million to settle possible privacy violations. Indianapolis-based Anthem Inc. provides health insurance coverage to more than 42 million people in several states, including key markets like California and New York. The company discovered the data breach in early 2015 after hackers had been burrowing into its systems for weeks. Security experts said at the time that the size and scope of the attack indicated potential involvement by a foreign government. Hackers used a common email techniqu
 "Health insurer Anthem to pay nearly $40M settlement over 2015 cyberattack")
Life insurers record 15% growth in new business premiums in August
In August, life insurers earned NBP to the tune of Rs 27,039.79 crore, compared to Rs 23,554.94 crore in the same period last year
 "Life insurers record 15% growth in new business premiums in August")
How LIC should be valued
The Life Insurance Corporation differs from its listed peers in a number of ways, and these should be factored into its valuation prior to its proposed initial public offering
 "How LIC should be valued")
Govt to finalise PSU general insurers' merger by March-end: Finance Secy
Though the merger process was in the works, the government would take a call on listing the merged entity after the merger, he said
 "Govt to finalise PSU general insurers' merger by March-end: Finance Secy")
Top three private insurers outperform market estimates, say analysts
Premium from new businesses grew to Rs 113.5 billion, and new business margins increased by 120 basis points (bps) to 23.2 per cent at the end of 2017-18
 "Top three private insurers outperform market estimates, say analysts")
Insurers partner small banks to widen reach
They are tying up with co-op banks, MFIs and small finance banks in order to sell their products through touch points of these institutions
 "Insurers partner small banks to widen reach")
