Commercial Lines

Aon says its 2013 fourth-quarter net income attributable to shareholders was $355 million, compared to $305 million for 2012s fourth quarter, and total revenue increased 3% to $3.2 billion.

Mortgage insurer MGIC Investment Corp posted a smaller-than-expected quarterly loss as fewer U.S. homeowners defaulted in a recovering housing market.

Insurers may be underestimating their exposure to a coming third wave of asbestos liabilities by relying on outdated assumptions and not accounting for factors such as longer life expectancy and advances in medical knowledge, a research firm says.

Insurers may be underestimating their exposure to a coming third wave of asbestos liabilities by relying on outdated assumptions and not accounting for factors such as longer life expectancy and advances in medical knowledge, a research firm says.

Lower catastrophe losses helped send The Travelers Companies, Inc.s 2013 fourth-quarter net income soaring 225% to $988 million, compared to 2012 fourth-quarter net income of $304 million.

Fracking is not something to be exploited and profiteered overnight, but rather the next phase of American energy growth. And gaining a clear picture of the risks involved will go a long way in informing insurers' grasp of this often-misunderstood practice.