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Passage of comprehensive financial services reform legislation that for the first time gives the federal government some voice in regulating the property and casualty insurance industry was clearly a major milestone.

The property and casualty insurance industry is on the road to showing a profit for 2010 despite a 3 percent slide in third-quarter net income, an industry report said.

Industry prepares to greet new insurance commissioners, legislators .

The National Association of Professional Insurance Agents has described 2010 as a year of "stop-and-starts" for the critical National Flood Insurance Program.

Farmers Insurance experienced the largest drop, 3 percent, in customer satisfaction among property and casualty insurers, but overall the industry's score is unchanged

Natural and man-made catastrophes have caused an estimated $36 billion in losses for insurers in 2010, a 34 percent increase over last year, said Swiss Re.

Employment in the property and casualty insurance industry declined in September 2010 compared to August, and declined by 2.9 percent compared to September 2009, casting doubt on hopes that industry employment trends were turning around.

Towers Watson, a global professional services company, and EMB, a property/casualty consulting and software company, announced the signing of an agreement for Towers Watson's acquisition of EMB's operations around the world.