Wells Fargo reported growth in its insurance segment with the help of crop insurance sales.

Typhoon Ma-on is weakening as it heads east into the Pacific after striking Tokushima Prefecture, Japan yesterday, causing an estimated $250 million in insured damages.

The lackluster economy, loss of contingent commissions and business issues at certain offices conspired to reduce insurance broker Brown & Brown Inc.’s net income by 10 percent for the 2011 second quarter of this year.

The lackluster economy, loss of contingent commissions and business issues at certain offices conspired to reduce insurance broker Brown & Brown Inc.’s net income by 10 percent for the 2011 second quarter of this year.

An Allstate agents’ group is asking members to vote on aligning itself with a union and forming a guild in its fight against what it says are unfair business practices toward agents by the company.

Two rating agencies say the unsolicited bid by Validus Holdings Ltd. to acquire Transatlantic Reinsurance Co. does not affect Validus’ rating.

Zurich Financial Services Group says it has signed a definitive agreement with Banco Santander SA to buy a majority interest in the bank’s Latin America insurance operations.

Ambac says it hopes it can reach an agreement with Wisconsin’s insurance commissioner that will allow the company to file its bankruptcy reorganization plan.