Insurance

CVS Health reported record revenue for 2025 and reaffirmed its earnings outlook for the coming year, but continuing cost pressures at its Aetna insurance business weighed on quarterly profitability and underscored the challenges faced by the company’s health benefits segment.

The Federal Trade Commission (FTC) on Wednesday announced a settlement with Express Scripts Inc., one of the nation’s largest pharmacy benefit managers (PBMs).

CVS Health plans to lay off more than 300 additional workers at Hartford health insurer Aetna, including 17 in Connecticut, by the end of July, raising the total number of layoffs in the past two years to more than 1,000 workers.

Two large policyholders are demanding financial disclosures and relief from premium payments as the state moves toward liquidating a Hartford-based insurer after rehabilitation efforts collapsed.

The Connecticut Insurance Department has fined American Bankers Insurance Company of Florida $213,000 for allowing unlicensed individuals and entities to act as insurance agents in the state.

Connecticut now has 81 mandated health insurance benefits, up from 46 a decade ago, driving premium costs higher as lawmakers debate whether to require cost-benefit analyses before approving new requirements.

Chairman and CEO Alan Schnitzer cited the spending in the company’s fourth-quarter and full-year financial results announcement.

The property and casualty insurer announced it is partnering with AI giant Anthropic to expand the use of generative AI tools across its workforce.

The state-funded marketing campaign promoting Hartford as insurance capital of the world will continue in 2026 after generating a 50% increase in web searches, as Connecticut faces growing competition from Midwest states.

The number of Connecticut municipalities suing major insulin manufacturers and pharmacy benefit managers over price-fixing continues to grow.