News

A National Association of Insurance Commissioners (NAIC) climate risk disclosure survey for insurers serves "nakedly ideological ends," an insurance trade group representative said recently in a published paper.

Theresa Brown of Sandia , in an Aon flu outbreaks teleconference, said schools need to close before 1 percent of the population is infected, and the statement there is "high probability" H1N1 will recur in Mexico was not made by Dr. Brown.

Despite talk of a hardening market on the horizon, commercial insurance rates continue to fall, down by an average of 7 percent in April--matching March's experience, according to Dallas-based MarketScout, an online insurance exchange.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Sellers Group, LLC, of Woodlands, Texas. Financial terms were not disclosed.

Ambac Financial Group reported a 2009 first quarter net loss of $393.2 million, narrowing its loss in comparison to the 2008 first quarter net loss of $1.7 billion.

The health care industry--including health insurers, it was learned--pledged in a letter to President Obama today to work at trimming the cost of health care by $2 trillion or more over 10 years.