Express Scripts, Cigna Shareholders Vote in Favor of $52 Billion Acquisition

Article 0 Comments Cigna Corp. shareholders on Friday voted in favor of the health insurer’s proposed $52 billion acquisition of pharmacy benefit manager Express Scripts Holding Co., although the deal still needs clearance from antitrust authorities. The vote in favor of the merger was on expected lines after activist investor […]

American Medical Association Claims CVS-Aetna Merger Will Hike Drug Prices

Article 0 Comments The American Medical Association, which represents U.S. physicians, urged the U.S. Justice Department on Wednesday to stop CVS Health Corp.’s plan to buy insurance provider Aetna Inc., saying the deal could result in higher prices for prescription medicines. The AMA said that the $69 billion deal, announced […]

Florida Insurers American Traditions, Modern USA Merge

Article 0 Comments American Traditions Insurance Co. (ATIC) has merged with its affiliate Modern USA Insurance Co. The two companies were launched under similar ownership shortly after the 2005 hurricane season to provide additional homeowners and manufactured home insurance options to the Florida marketplace. Both American Traditions and Modern USA […]