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The National Conference of Insurance Legislators' decision to postpone action indefinitely came after a representative for health insurers told legislators that pharmacy benefit managers are not a pro

American International Group, Inc. reported yesterday that 2006 fourth quarter net income skyrocketed 674 percent-- increasing by nearly $3 billion--led by its general insurance business after a year

As of Thursday the department said it has received 386 complaints from homeowners who say Allstate improperly canceled its coverage with them. The insurer meanwhile said it is committed to contacting

Mr. Duperreault, who will remain on the company board, said he was "proud to pass the reins" to Mr. Greenberg, whom he said had "proven his leadership through the performance of our company in aperiod

Aon Corp. insurance brokerage said in a Securities and Exchange Commission filing yesterday that it will restate earnings for the past four years after an internal review of stock options found that t

The industry took some devastating blows during a Congressional hearing this week on insurer handling of Hurricane Katrina claims. NU Editor In Chief Sam Friedman, on Capitol Hill to witness the beati