News

The House today passed legislation repealing the much-criticized 1099 reporting provision of the health care law, setting the stage for talks with the Senate over how to pay for the repeal.

Zurich Financial Services Group said the insurance industry is undergoing changes at a pace rarely seen as a combination of factors are no longer producing the benefits the industry has enjoyed in the past.

Florida's Division of Insurance Fraud reports multiple PIP fraud arrests from Operation Dark Horizon.

Tokio Millennium Re Ltd. and Allied World Assurance Company are the seventh and eighth Bermuda-based reinsurers authorized to post reduced collateral requirements to operate in Florida.

The Treasury Department said Wednesday that a sale of MetLife Inc. stock by American International Group Inc. brought in $6.3 billion, which will go toward repaying a portion of the taxpayer bailout of the insurance company.

American Family Insurance Group said storm and catastrophe losses in 2010 were $270 million higher than expected but the mutual company managed to increase policyholder equity $605.6 million during the year.