A federal appeals court restored part of a class-action suit involving scores of insurance companies and brokers accused of conspiring to rig bids.

Ohio’s attorney general says a federal court ruling granting class-action status for three of the state’s pension funds against American International Group is “a substantial step closer to justice.”

The U.S. Office of Management and Budget, part of the Obama Administration, is indicating its “strong support” for a bill repealing the antitrust exemption for health insurance companies.

Nearly a year and half of hearings, drafting and discussions has resulted in new compensation disclosure rules for agents and brokers in New York.

With the drive to reform health care stuck in neutral, the U.S. House of Representatives is expected to consider a key element of its legislation later this week: the repeal of an anti-trust exemption for health and medical malpractice insurers.

Five years after investors filed suit over loses they say were linked to the company failure to disclose illegal practices, Marsh & McLennan Co. has reached a settlement.

The House Judiciary Committee has approved a bill that “fixes a mistake” in removing the federal antitrust exemption for health and medical malpractice insurers.

Former American International Group CEO Maurice “Hank” Greenberg and three other former executives with the insurer have reached a $115 million settlement with Ohio’s attorney general over allegations of anti-competitive …  Read →

Great American Insurance Company has reached a $176,000 settlement with Massachusetts Attorney General Martha Coakley on allegations of bid-rigging.

The settlement resolves allegations that Great American submitted a fake and intentionally …  Read →

A federal judge in Newark, N.J., has approved $88 million in settlements regarding a bid-rigging case that alleged several national insurance brokers conspired with carriers to manipulate the market.

In the …  Read →