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Arthur J. Gallagher & Co. acquired Capital Bauer Insurance Agency, an Albany, N.Y.-based retail insurance broker allowing it to significantly expand its Upstate New York presence.

Financial terms of the transaction were not disclosed.

Founded in 1957, Capital Bauer Insurance Agency provides property-casualty, employee benefits and risk management insurance services for commercial and personal lines clients throughout the U.S. The company specializes in placing coverage for the real estate, public entity, higher education, recording studio and water well drilling industries.

Principal David Bauer and his team will continue to operate in their current Albany location, according to an Arthur J. Ga

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Variations in health care spending by Medicare and Blue Cross Blue Shield of Texas (BCBSTX) are similar throughout the state despite previous research, which found significant spending differences between the private and commercial sector in McAllen, Texas. Read more…

As farmers from all over the country convened over the weekend to attend the 26^th Annual Corn Growers Association in Sioux Falls, South Dakota, crop insurance was on everyone’s mind. With 2011 being recognized as a record breaking year in terms of natural disasters, and the persistent problems spawned from a turbulent climate, farmers throughout the country have been facing significant difficulties with keeping their crops alive. As crops are lost, farmers lose their ability to make a living. Most farmers receive money from the government, but this money is a drop in a bucket that is far too empty because of the loss of crops.

Crop insurance has been a major issue for the Corn Growers Association. T

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A New York, N.Y.-based insurance company entered a reinsurance agreement with another insurer that will provide $575 million in protection against hurricanes and earthquakes in the U.S.

Compass Re, based in Bermuda, issued to Chartis a catastrophe bond in three tranches: $75 million of Class 1 notes, $250 million of Class 2 notes and $250 million of Class 3 notes.

The transaction closed Dec. 1.

Under the agreement, Chartis will be protected with fully collateralized coverage against losses from U.S. hurricanes and earthquakes through December 2014 using an index trigger with state-specific payment factors, according to the company.

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In the fierce national debate over a new federal law that requires all Americans to have health insurance, it’s widely assumed that private health insurance can do a better job than the public insurance funded by the U.S. government. But a first-of-its-kind analysis of newly available government data found just the opposite when it comes to infants covered by insurance. Among the insured, infants in low-income families are better off under the nation’s government-funded public health insurance than infants covered by private insurance, says economist and study author Manan Roy, Southern Methodist University, Dallas. Read more…

Hawaii will be receiving, $14,440,144 from the federal government in order to assist with the development and implementation of the Hawaii Health Connector, which is the state’s online insurance exchange.

The exchange is meant to provide consumers with the ability to find healthcare plans that they can afford. The announcement of the upcoming funding was made by Senator Daniel K. Akaka, Senator Daniel K. Inouye, Representative Colleen Hanabusa, and Representative Mazie K. Hirono.

The U.S. Department of Health and Human Services will be providing the funding to the state through a grant. T

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