News

Consumers reported high satisfaction levels with their auto insurance companies over the past year, viewing Allstate, State Farm and Geico as the most reputable auto insurance providers.

The Department of Health and Human Services last night issued a statement that it will allow great flexibility to employers in applying medical loss ratio (MLR) standards to certain health plans under the health care reform law.

Treasury Secretary Timothy Geithner pledged at the first meeting of the new Financial Stability Oversight Council created by the Dodd-Frank law to "preserve the right balance" between the work of the group and existing regulatory agencies.

BP's announcement that it will form a new risk & safety unit reporting to the CEO is good news, backing risk managers so that safety measures are taken seriously, observes Caroline McDonald in her blog, at www.NoRiskZone.com.

Insurers and trade groups objected to a planned National Association of Insurance Commissioners' (NAIC) data call on credit-based insurance scoring during a recent NAIC committee hearing.

Arthur J. Gallagher & Co. said its subsidiary, Gallagher Bassett Services, Inc., has signed an agreement to acquire