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...

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