News

Sen. Jay Rockefeller, D-W.Va., failed to win a commitment from federal and state insurance regulators for regulations imposing tight control on administrative costs in health care insurance premiums.

Auto insurance buyers are less happy with their insurers in the latest satisfaction survey released by J.D. Power and Associates as price increases take a toll on carriers.

XL Group plc reported a 2010 second-quarter net income of nearly $192 million, more than double the $80 million net income reported at the same point last year.

The government may sell its stake in American International Group Inc. through a public stock offering sometime after 2013, according to the U.S. Government Accountability Office.

Does the GAO need to look into whether state regulators are overstepping their authority in overseeing risk retention groups? As a popular insurance industry TV commercial goes... Read more and give your opinion at www.NoRiskZone.com .

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Benefits Unlimited Inc. in Houston.