Massachusetts Attorney General Martha Coakley announced today that her office has reached a $58.5 million settlement with American International Group over an alleged $26 million contract violation in

The bill, which has been passed by the Senate and won unanimous approval last week by the Assembly Financial Institutions and Insurance Committee, would eliminate what are known as step-down provision

Mark Rouck, an analyst at Fitch Ratings in New York, said his company has "affirmed" the ratings of Boston-based Liberty Mutual, which is a private company, but "revised" its rating outlook from

Liberty Mutual Group has arranged to acquire Ohio Casualty Corp. in a deal valued at $2.7 billion, the two insurance companies announced last week, with rating firms and analysts reacting positively

ORLANDO, FLA.--Florida's legislative changes to Citizens, its property insurer of last resort, has made the carrier actuarially unsound, the state's chief financial officer told a meeting of insurance

It is, he said, "a public-private system that works effectively overall, if not perfectly" and he said he wanted to get industry participants to "feel good and hold your heads high...we play a key rol

At this point, she noted, there has been a 5 percentage point change in party control, with Democrats controlling both houses in 23 states and Republicans leading the two chambers in 15 states. Part

ORLANDO, FLA--The medical cost of individual workers' compensation claims is being driven upward by increased use of prescription drugs and the proliferation of expensive treatments by healthcare provi