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Hospitals have driven up auto insurers' costs by more than $1 billion with charges for treating accident victims that would normally be paid by Medicare or Medicaid, an industry group study has found.

Hospitals have driven up auto insurers' costs by more than $1 billion with charges for treating accident victims that would normally be paid by Medicare or Medicaid, an industry group study has found.

Legislation the House Financial Services Committee will take up Tuesday would, among other provisions, reauthorize the National Flood Insurance Program for five years.

Although none of its clients were harmed financially, Acordia insurance brokerage should pay a penalty for failing to tell them it had a special compensation arrangement with certain carriers, a judge has ruled.

A second, more gigantic, ash cloud eruption from another Icelandic volcano named Katla is now "probable" a catastrophe modeling firm is warning.

Risk management is a diverse discipline with much to offer the financial services industry, but arrogance will cause the soundest plans to fail, observes Caroline McDonald in her blog. Find out more at www.NoRiskZone.com.

In advance of reporting quarterly results, insurance brokers Arthur J. Gallagher and Aon Corp. have both announced they will pay quarterly dividends to investors.

Sedgwick Claims Management Services, Inc., has announced funds affiliated with Stone Point Capital and Hellman & Friedman together with management, have signed an agreement to acquire ownership of Sedgwick.