AIG pays $150 million settlement for multiple derivative litigations

American International Group’s (AIG) directors and officers' insurers will pay $150 million to resolve legal disputes with former company executives.  Read Story

Senate kills House Republicans’ attempt to repeal health reform law

The U.S. Senate, as expected, flexed its Democratic majority to vote down a bill repealing the federal health reform law that U.S. House Republicans approved last month.  Read Story

U.S. Senate acts to repeal ‘onerous’ Form 1099 tax reporting requirement

The U.S. Senate has taken the first step toward a likely repeal of the provision in the federal health reform law that will force all businesses to file an Internal Revenue Service Form 1099 for any business-to-business transaction for goods and services exceeding $600 in a year.  Read Story

State budgets to be further ‘strained’ from their share of health reform’s costs

The health care mandates on states contained in the Patient Protection and Affordable Care Act (PPACA) will put more cost pressure on already “strained” state budgets, a new report says.  Read Story

Fla. health reform ruling should scuttle 1099 reporting implementation

The recent federal court ruling saying the federal health reform law is unconstitutional should encourage the Obama Administration to suspend enforcement the new IRS 1099 reporting requirement for businesses included in the law.  Read Story

Pa. father-daughter fitness center investigated for insurance fraud

A father-daughter fitness business in Northern Pennsylvania is being investigated for insurance fraud in connection with its alleged handling of payments for services.  Read Story

Customers: Independent agent experience better, worse than insurers

Independent insurance agents ranked in the middle of the pack in a survey of customers' experience, while insurance providers ranked well ahead of health insurance plans in the annual analysis.  Read Story

Legislators in N.C. expected to address tort reform this year

The North Carolina General Assembly is expected to take up the issue of tort reform in the next few weeks, according to several key legislators.  Read Story

Companion Life acquires its third-party dental administrator

Companion Life Insurance Co. purchased Total Dental Administrators (TDA) and its affiliates and subsidiaries, expanding on an existing relationship among the companies.  Read Story

U.S. Senate could vote on House Republican’s health reform repeal bill

The U.S. Senate could vote later today (Feb. 2) on a bill approved by the House of Representatives that would repeal the federal health reform law.  Read Story