A court in New York has given its preliminary approval to a settlement in a suit involving the alleged under-reporting of American International Group’s market share in the workers’ compensation market to trim its payments to state insurance pools.

Eight property-casualty insurers dominate the market for insurance coverage in most hurricane-prone states, according to Weiss Ratings.

The head of the U.S. Justice Department’s Antitrust Division warned health insurers May 24 that deals that expand the market share of a dominant plan will be heavily scrutinized, if not killed.

The 800-pound gorilla, the Blue Cross and Blue Shield plans that have dominated many health insurance markets, may be losing strength.

The 15 largest Blue Cross- and Blue Shield-branded managed care …  Read →