A new study by the Chicago-based American Medical Association is scrutinizing the health insurance industry.

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Congress is likely to begin a review of the financial oversight system next month, with an eye toward revamping regulation. Banking, of course, will take center stage, especially now that the federal government has a direct stake in many of the nation’s largest banks.

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The insurance industry plays a significant role in California’s economy, employing hundreds of thousands of workers, investing billions of dollars in state and local governments and paying the fourth largest amount in taxes to the state’s General Fund, according to a 2009 report released today by insurers.

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American International Group (AIG), the troubled global insurance giant that helped send the financial industry into a tailspin last September, is slowly stabilising and should not need any more government bail-outs, its chief executive said Wednesday.

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Stocks gave back some of their gains late in the day but still finished Thursday in positive territory, halting two days of declines.

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President Obama, together with Nancy Pelosi, promised major health care reform by end-July, in a press conference today.

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The health insurance lobby has renewed its offer to end most medical underwriting in exchange for a mandate that every American buy coverage from them.

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A broad insurance regulatory reform bill that would create a national office of insurance and monitor the insurance industry for systemic threats was proposed by lawmakers Wednesday.

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If you are among the 1.5 million Americans who have lost their job since September 2008 and are paying to extend your company-sponsored health insurance under a law called COBRA, studies confirm what you already know: The payments are killing you.

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Retirees who were paid salaries will take a hit, as the Detroit-based automaker will cut health care benefits and reduce life-insurance coverage for some who are under 65.

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