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Theresa Brown of Sandia , in an Aon flu outbreaks teleconference, said schools need to close before 1 percent of the population is infected, and the statement there is "high probability" H1N1 will recur in Mexico was not made by Dr. Brown.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. said it has acquired Sellers Group, LLC, of Woodlands, Texas. Financial terms were not disclosed.

Ambac Financial Group reported a 2009 first quarter net loss of $393.2 million, narrowing its loss in comparison to the 2008 first quarter net loss of $1.7 billion.

If Bernard Madoff had been under the jurisdiction of insurance regulators, he would have been caught sooner, a National Association of Insurance Commissioners official said here.

The health care industry--including health insurers, it was learned--pledged in a letter to President Obama today to work at trimming the cost of health care by $2 trillion or more over 10 years.

Armonk, N.Y.-based financial guarantee insurer MBIA Inc. said it has separated the positions of chairman and chief executive officer to "maintain the highest standards of corporate governance."

Wildfires in the Santa Barbara region of California have claimed a total of 77 homes putting home loss value at around $38.5 million according to figures supplied by a catastrophe risk modeling firm.

With flu insurance developing as a news topic, a Virginia-based insurer is reminding that it has offered the coverage for several years.