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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
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Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
December 04, 2007 at 08:49 PM
A large managed care company has scooped up a company that sells employee-paid insurance products through the worksite.
Humana Inc., Louisville, Ky., has paid about $188 million in cash for KMG America Corp., Minnetonka, Minn., the parent of Kanawha Insurance Company.
The price includes the assumption of about $50 million in debt, Humana says. Humana paid $15 million of the debt at closing.
KMG sells group and voluntary insurance benefits, and by administering benefit plans for employers.
KMG also runs stand-alone stop-loss insurance plans for employer plans with a total of about 392,000 members, and it administers claims and provides medical management services for self-insured plans with about 126,000 members, Humana says.
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