Weekly Industry News – Financial Services, Insurance & Reinsurance

Financial Services, Insurance & Reinsurance – the latest on Wal- Mart’s insurance, JP Morgan Chase agreement, Affordable Care Act Exchange and more.

Washington Insurance Official Is Ousted by Suzanne Craig and Michael D. Shear Published on NYTimes.com

The insurance commissioner for the District of Columbia was dismissed from his job just a day after he publicly questioned a decision by President Obama to reverse a provision of the Affordable Care Act, a person with knowledge of the events said on Sunday.Now, the world’s largest retailer is hinting at a new one: the looming individual mandate to buy health insurance under the Affordable Care Act… [ Read More ]

Wal-Mart Says Insurance Costs May Hurt Customer Spending by Shelly Banjo Published on Yahoo! Finance

Wal-Mart Stores Inc. (WMT) has a long list of reasons why its customers aren’t spending as much as hoped: the expiration of the payroll tax cut in January, the November rollback of food-stamp benefits and continued uncertainty in Washington. Now, the world’s largest retailer is hinting at a new one: the looming individual mandate to buy health insurance under the Affordable Care Act… [ Read More ]

JP Morgan Chase, feds agree to $13 billion settlement by CBS News Published on cbsnews.com

The Justice Department and JPMorgan Chase & Co. have reached agreement on all issues in a $13 billion settlement of a civil inquiry into the company’s sales of low-quality mortgage-backed securities that collapsed in value during the 2008 financial crisis, CBS News has confirmed… [ Read More ]

Consumer Fraud Complaints Rise With Rollout of Affordable Care Act Exchanges by Gregory Saikin Published on jsdupra.com

Last month’s troubled rollout of HealthCare.gov, the federal marketplace for online health insurance enrollment under the Affordable Care Act (ACA), resulted in much fanfare by the national media. In the past week, however, the media and federal and state authorities have increasingly pivoted to another issue of concern surrounding the ACA — fraud… [ Read More ]  

Related Events

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