Zurich Financial Services Group said it earned $751 million during the third quarter as results were affected by a legal settlement involving its Farmers Group subsidiary.

Net written premiums for The Hanover Insurance Group were up 17 percent during the 2010 third quarter compared with the prior year period due to its implementation of a deal announced late last year with OneBeacon Insurance Group.

Ambac Financial Group Inc. said it intends to file for Chapter 11 bankruptcy before the end of the year if it cannot reach an agreement with debt holders.

Modeler Risk Management Solutions (RMS) said the end of the 2010 Atlantic hurricane season is not the time to relax. Conditions "are still ripe for further activity."

As many as half the nation's insurance commissioners could be new following Tuesday's elections, as one incumbent commissioner lost her bid to be re-elected while Republicans won the governor's office in 10 states.

The Hartford Financial Services Group Inc. swung to a 2010 third-quarter profit of $666 million compared to a net loss of $220 million a year ago due to

The property and casualty industry has been through tough economic times, a slow recovery and "unparalleled" government expansion, but has "weathered the economic storm," an industry executive said here.

American International Group Inc. said the sale of one foreign insurer and the initial public offering of a second have raised enough money to repay a line of credit it has with the Federal Reserve Bank of New York.