News

A health care consumer group is asking the Department of Justice to initiate an antitrust probe of health care insurers based on a study indicating huge consolidation in the industry over the past 13 years.

During its stockholders meeting today, Marsh & McLennan Companies announced it would pay a quarterly cash dividend, and shareholders rejected three proposals from individual shareholders.

Dozens of state insurance regulators have descended on Congress, to urge that any federal insurance regulatory reforms should keep in place and build on the existing state-based regulation model.

Most property-casualty and life insurers find growing and keeping business their biggest challenge and are reacting to the recession by increasing cash allocation and strengthening risk management, a survey finds.

A.M. Best Co. has revised the outlook for Selective Insurance Group and its seven property-casualty pooling members to negative from stable, citing weakened operating results and sizeable investment losses and impairment charges at year-end 2008.

The platform allows plan providers, third party administrators (TPAs) and plan sponsors a solution to view participant accounts holistically as an entire plan with multiple providers. Through a