Warren Buffett reveals secret $6.7B stake in insurer Chubb after slicing Apple
Warren Buffett’s Berkshire Hathaway on Wednesday unveiled a new $6.72 billion stake in insurance company Chubb, confirming months of speculation that Chubb had made a huge new investment. As of March 31, Berkshire held 25.92 million Chubb shares, according to a regulatory filing detailing Berkshire’s U.S.-listed holdings. Following the disclosure, Chubb’s stock price rose 6.3% […]
UnitedHealth CEO defends insurer after major hack, reveals amount of ransom paid as senators question firm’s size
UnitedHealth’s problems are not a threat to the entire economy, the chief executive of the nation’s largest health insurer said after senators asked whether UnitedHealth’s size could pose a system-wide threat. (CEO) told a Senate committee Wednesday. In the first of two scheduled testimony before a Congressional panel about the recent cyberattack on UnitedHealth’s technology […]
Health insurer stocks slide as final Medicare Advantage rates disappoint – CNBC
Meanwhile, Humana’s stock price fell more than 10%. The medical giant relies far more than its rivals on private Medicare plans, known as Medicare Advantage. The announcement puts added pressure on insurers already grappling with high medical costs and uncertainty over claims processing following a cyberattack on UnitedHealth Group’s technology division. It also hurts the […]
Sloan Kettering cancer patients sick over threat of losing medical coverage under insurer Cigna: 'My heart just stopped' – New York Post
metro exclusive by carl campanile issued January 7, 2024, 4:23 PM ET A financial dispute between a prestigious Manhattan specialty hospital and a major health insurance company has left many cancer patients scared to death after being told they could lose their health insurance, The Post has learned. Patients, including some with severe stage 4 […]
Sloan Kettering cancer patients sick over threat of losing medical coverage under insurer Cigna
A financial dispute between a prestigious Manhattan specialty hospital and a major health insurance company has left many cancer patients scared to death after being told they could lose their health insurance, The Post has learned. Patients, including some with severe stage 4 cancer, received letters last month from Memorial Sloan Kettering Cancer Center claiming […]