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.

A series of earthquakes in Youngstown, Ohio, potentially related to brine-injection wells, caused the city's mayor to buy earthquake insurance for his home and initiate a moratorium on injection wells near the city.

A health and pension fund sued Walgreen Co. and Par Pharmaceutical Co. for allegedly overcharging for generic prescriptions, which in turn allegedly cost third-party payers two to four times more for the medications.

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