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The Death and Life of Suburban CT Office Parks

The Death and Life of Suburban CT Office Parks

by Steve Adams | Jan 31, 2019 | Commercial & Industrial, Industry News

Like enclosed shopping malls, the state’s single-use suburban office parks are facing doubts whether they have a place in the 21st-century economy. Multifamily housing, medical offices, warehouses and satellite college campuses have begun to fill the void.

Senator Asks for Insurance Merger Reviews

by The Commercial Record | Aug 17, 2018 | CR Daily, Industry News, Insurance

Iowa’s senator has raised concerns about proposed mergers involving Connecticut insurers, the Hartford Business Journal reports.

Hartford’s Three Major Insurers Pay $10M Towards City’s Fiscal Recovery

by The Commercial Record | Jul 10, 2018 | Banking & Lending, CR Daily, Industry News

Travelers, The Hartford Financial Service Group and Aetna have made a combined payment of $10 million towards the city of Hartford’s 2018-2019 fiscal year budget.

Aetna Swings to a First-Quarter Profit

by The Associated Press | May 1, 2018 | CR Daily, Industry News, Insurance

Aetna, which is being acquired by CVS Health Inc., is reporting that it swung to a first-quarter profit.

NYC Halts $9.6M Incentive Package to Move Aetna to City

by The Associated Press | Jan 11, 2018 | Commercial & Industrial, CR Daily, Industry News, Insurance

New York City is halting a $9.6 million incentive package offered to Aetna to move its headquarters to the city.

Leadership Greater Hartford Receives $2,400 from Aetna

by The Commercial Record | Jan 10, 2018 | CR Daily, Industry News, Insurance

Leadership Greater Hartford received a $2,400 sponsorship award from Aetna in support of four youth to attend their Summer Nexus youth leadership development program.

Webster Names Corporate Controller

by The Commercial Record | Jan 3, 2018 | Banking & Lending, CR Daily, Industry News, People

Frederick M. Smith has been named corporate controller of Webster Bank and Webster Financial Corp.

CVS Health To Acquire Aetna For $69B In Year’s Largest Acquisition

CVS Health To Acquire Aetna For $69B In Year’s Largest Acquisition

by Reuters | Dec 4, 2017 | CR Daily, Industry News, Insurance

U.S. drugstore chain operator CVS Health Corp. said on Sunday it had agreed to acquire Hartford-based U.S. health insurer Aetna Inc. for $69 billion, seeking to tackle soaring health care spending through lower-cost medical services in pharmacies.

CVS Health To Acquire Aetna For $69B In Year’s Largest Acquisition

Aetna 3Q Profit Soars, Issues Strong Forecast

by Mike Flaim | Nov 1, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Aetna trumped third-quarter earnings expectations and raised its 2017 forecast again, even as the health insurer’s withdrawal from the Affordable Care Act’s insurance marketplaces contributed to a revenue miss. The nation’s third-largest insurer balanced a 5 percent...

Suit Claims Aetna Violated Law With Envelope Revealing HIV Status

by The Associated Press | Aug 29, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

A Pennsylvania man is suing health insurer Aetna, saying his sister learned he was taking HIV medication after the company mailed him an envelope with a large, clear window that showed information on where to purchase the drugs.

Aetna To Leave Connecticut Headquarters For New York City

by The Associated Press | Jun 30, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News

Insurance giant Aetna made it official on Thursday, announcing it will move its headquarters to New York City beginning in late 2018 after nearly two centuries in Hartford, Connecticut.

Aetna’s Move Prompts Hard Look At Policy

by The Associated Press | Jun 2, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News

Connecticut officials are again re-examining how they can dissuade companies like General Electric and now possibly insurance giant Aetna from relocating to places considered more innovative.

Aetna In Talks To Move Its Headquarters Out Of Connecticut

by The Associated Press | Jun 1, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Aetna announced Wednesday that it is in negotiations to move its headquarters out of Connecticut’s capital, where it has been based for almost two centuries.

Aetna, Humana Call Off $34B Deal

by The Associated Press | Feb 14, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Aetna and Humana called off a $34 billion proposal to combine the two major health insurers after a federal judge, citing antitrust concerns, shot down the deal.

Connecticut Concerned Aetna Looking At Move To Massachusetts

by The Associated Press | Feb 6, 2017 | CR Daily, Executive Briefing, Industry News, Insurance

Connecticut and Hartford leaders say they’re concerned health care insurance giant Aetna might downsize or relocate its corporate headquarters from Hartford to Boston.

Aetna Earnings, Enrollment Numbers Up In Q3

by The Associated Press | Oct 27, 2016 | CR Daily, Executive Briefing, Industry News, Insurance

Hartford-based insurance provider Aetna’s third-quarter earnings rose nearly 8 percent to top Wall Street forecasts, as growing government business and cost cutting countered higher costs from the health insurer’s Affordable Care Act coverage.

Aetna To Reduce Participation In 2017 Obamacare Exchanges

Aetna To Reduce Participation In 2017 Obamacare Exchanges

by The Commercial Record | Aug 17, 2016 | CR Daily, Executive Briefing, Industry News, Insurance

Aetna has announced it will reduce its individual public exchange participation in the upcoming year, but plans to maintain an on-exchange presence in Delaware, Iowa, Nebraska and Virginia.

Health Insurer Aetna Backs Off ACA Expansion Plans

by The Associated Press | Aug 2, 2016 | CR Daily, Executive Briefing, Industry News, Insurance

Aetna is calling off its public insurance exchange expansion plans for next year, as it becomes the latest big insurer to cast doubt on the future of a key element of the Affordable Care Act.

Aetna To Reduce Participation In 2017 Obamacare Exchanges

Hearings Planned On Proposed Health Insurer Rate Increases

by The Associated Press | Aug 1, 2016 | CR Daily, Executive Briefing, Industry News, Insurance

Connecticut’s Department of Insurance is holding public hearings on double-digit rate increases requested by the state’s health insurers.

Aetna Beats Goals In Q1 Despite Drop In Enrollment

by The Associated Press | Apr 28, 2016 | Commercial & Industrial, Executive Briefing, Industry News, Insurance

Aetna’s first quarter earnings slid nearly 7 percent as enrollment dipped, but the nation’s third-largest health insurer topped Wall Street expectations and hiked its 2016 profit forecast. The Hartford-based company also said Thursday it remains on track to close its...
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