News

The Treasury Department said today that it expects the combined costs of the Troubled Asset Relief Program and other aid to American International Group will be "about $30 billion."

Allstate Corp. has filed a subrogation lawsuit against Toyota Motor Corp. which seeks compensation for the more than $3 million the insurer said it paid out on accident claims related to

A coalition of insurance agent groups is asking the National Association of Insurance Commissioners (NAIC) to exclude commissions from a new medical loss ratio (MLR) requirement in the health care law.

While the Council of Insurance Agents & Brokers is proud of the work it did for agents leading up to the health care reform law, the association's chairman said work remains to be done to safeguard members' interests.

Five years ago, Hurricane Katrina caused an estimated 1,300 tragic deaths as well as $41.1 billion in insured losses across six states.

Marsh & McLennan Companies has agreed to pay Ohio $4.75 million to settle an antitrust lawsuit.