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Two insurers’ rate hikes called ‘excessive’
Modern Healthcare

Two insurers’ rate hikes planned for enrollees in nine states were deemed “excessive” as part of the Obama administration’s latest effort to shame insurers into lowering planned rate increases.

The flagged rate increases planned by John Alden Life Insurance Co. and Time Insurance Co., both based in Milwaukee, included increases of up to 24%. Both companies are part of Assurant, based in New York City, where a spokeswoman did not respond to a request for comment.