News

A.M. Best Co. said it has affirmed the financial strength ratings and issuer credit ratings of most property and casualty and life and health insurance subsidiaries of American International Group, Inc.

Wells Fargo, BB&T, and BancorpSouth were cited for exceptional performance by Who's Who in Bank Insurance (WWBI), an annual study published by the Bank Insurance Market Research Group.

The National Association of Insurance Commissioners Antifraud Task Force is proposing to ask insurers to detail their company plans to combat fraud

A provision in both House and Senate health care legislation that would limit insurers' nationally marketed health care products to regulation by one state is coming under fire from liberal lawmakers from Maine and California.

Experts in fighting insurance fraud say scams that historically escalate in a poor economy will increase in 2010, with health-related activity at the top of the list and with smaller firms as favored targets

Public sector entities are seeing more lawsuits over issues such as school violence, police brutality and global warming as the financial crisis deepens and plaintiffs look for deep pockets, experts advised.