News

An early catastrophe modeling firm estimate puts the insured loss from the Chile earthquake as exceeding $2 billion.

Two men heading a medical management company have pleaded no contest to felony charges of getting kickbacks for referring medical payments illegally.

Missouri homeowners seeking earthquake insurance may face extremely large deductibles or have to leave their current homeowners insurance company in order to obtain it, a state official reported.

President Obama's proposal for a federal agency to regulate health insurance rates will in practice apply only in states where the regulators lack full rate review authority, state insurance regulators said.

The credit profile for personal lines of insurance in the United States is stable, despite intense underwriting competition and a weak economy, Moody's Investors said.

Standard & Poor's revised its outlook on Briarcliff Manor, N.Y.-based USI Holdings Corp. from negative to stable on its credit and debt ratings.