California's insurance commissioner announced the end to a pair of civil suits, filed over his agency's efforts to force insurance companies to stop investing in corporations working in Iran.

The largest specialty insurance brokerage in the U.S. acquired a New York-based 401(k) investment and advisory firm, seeking to expand its presence in the Northeast.

The Maryland Insurance Administration has approved the Cigna's acquisition of Bravo Health, a Baltimore, Md.-based operator of Medicare Advantage plans.

A bipartisan, companion Senate bill to the House bill excluding insurance agent compensation from medical loss ratio (MLR) calculations will be introduced in a few days, although the political environment makes its passage uncertain.

The Obama Administration rejected Texas' request that it be allowed to phase in federal health reform's medical loss ratio to prevent the state's health insurance market from destabilizing.

The number of claims resolved through an inter-insurance dispute resolution organization's services set a record in 2011, with nearly 520,000 claims resolved.

Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency, an Albany, N.Y.-based retail insurance broker allowing it to significantly expand its Upstate New York presence.

A Washington, D.C.-based advocacy organization says that the federal health reform should be declared unconstitutional because it is cannot function without the individual mandate, which the group also argues is unconstitutional.

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