Broker Regulation

The Washington state Legislature has passed a bill setting rules for insurers preparing for the state's online insurance exchange.

Generic drug maker Akorn Inc. said Tuesday its profit slipped 76 percent in the fourth quarter compared to a year earlier, when it sold off a joint venture.

Major insurance companies were among the hardest hit stocks as the broader markets fell Tuesday, after a report indicated that the killer tornadoes and severe storms that ravaged the United States could cause up to $2 billion in insured losses.

Some New York women receiving Medicaid-paid contraceptives are being told that under a recent state cost-cutting measure they can't get their preferred, brand-name methods unless a generic version "fails first," which could mean bleeding, nausea or pregnancy.

American International Group Inc. is selling part of its stake in AIA Group Ltd. to raise $6 billion as it continues to repay the $182 billion government bailout that prevented the company's collapse during the 2008 financial crisis.

Acadia Healthcare Co., a provider of inpatient behavioral health care services, said Monday that it has completed its acquisition of three inpatient psychiatric hospitals from Haven Behavioral Healthcare for $91 million in cash.