Business Services Industry
In brief.(News)(Hartford Financial Services Group Inc. to sell medical stop-loss insurance business to National Benefit Resources Inc.)(Express Scripts Inc. and CVS Corp in anti-trust lawsuit)(Premera Blue Cross not to become public company)
Business Insurance, March, 2007
Hartford sells book of medical stop-loss The Hartford Financial Services Group Inc. has agreed to sell its medical stop-loss insurance business to National Benefit Resources Inc. The deal includes about $200 million in stop-loss premium volume that Hartford currently provides to more than 800 self-funded employers.
NBR is a unit of UnitedHealth Group Inc. and underwrites stop-loss coverage. Terms were not disclosed. Express Scripts, CVS battle for Caremark The Federal Trade Commission is seeking information from Express Scripts Inc. just as the pharmacy benefit manager is trying to outbid drugstore chain CVS Corp. to take over one of its competitors. The request from the federal agency that monitors antitrust issues comes just days after Express Scripts...
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