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.

The life insurance application activity for last year finished slightly above the 2010 level, spurred in part by 5.8% year-over-year growth in December.

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.

Vt. woman defrauds insurer of $1.4M with employee’s help

A West Dover, Vt., woman pleaded guilty Jan. 12 to defrauding her insurance company of about $1.4 million between 2001 and 2006.

A report expected from the Federal Insurance Office later this month, addressing how to modernize and improve insurance regulation, could significantly affect the insurance industry, according to an industry regulatory expert.

Insurers will struggle to find growth and profits because of ongoing challenges caused by the global economy, according to a new forecast.

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