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Progressive Inc., Mayfield Village, Ohio, reported a third-quarter earnings decline of 21 percent over last year.The company reported net income of $305.3 million compared ...

Hurricane Wilma is expected to create between $2 billion and $10 billion in insured losses, according to catastrophe modelers.The storm arrived in Florida as ...

Washington--Republican staff on the House Financial Services Committee are drafting legislation to extend the Terrorism Risk Insurance Act, with a system basing federal backstop ...

Insured losses from Hurricane Katrina could total over $50 billion, consulting firm Towers Perrin said today, warning that insurers and society should prepare for ...

The size of the Hurricane Katrina catastrophe has confounded the insurance industry and shaken its confidence, the chief executive of the nation's largest property-casualty ...

Risk Management Solutions (RMS), the catastrophe modeling firm, said yesterday it has increased its estimate for U.S. insured losses from Hurricane Wilma to $8-to-$12 ...

In the face of a record catastrophe season, state residual markets need to take a dose of reality and think about increasing premiums to ...

The Insurance Information Institute in New York said because of increased need for its services it has added three economists to its staff.The new ...