Fla. Insurance Regulator OKs Anthem-Cigna Deal

Law360, Miami (April 1, 2016, 7:29 PM EDT) -- Florida's insurance regulator on Friday approved Anthem Inc.'s bid to buy Cigna Corp.'s Florida business as part of a blockbuster $54 billion nationwide merger.

Florida Insurance Commissioner Kevin McCarty said in a consent order that neither insurer is a dominant factor in the Florida market and would not increase market concentration on a statewide basis.

“There are no meaningful adverse impacts resulting from the acquisition,” McCarty said in the order. “The companies, individually or in combination, are an important part of, but not a dominant factor in, the Florida market, and their combination does not noticeably increase the market concentration across...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!