The cars at the center of General Motors Co.s February recall were still on the drawing board when a top engineer gathered more than a dozen managers and delivered a fateful message: Build them for less.

Partnering at Nationwide: One Very Effective Tool to Break through the Clutter

Favorable bottom-line results across all carriers, but small carriers concerned with top-line ramifications

Favorable bottom-line results across all carriers, but small carriers concerned with top-line ramifications

The reinsurer did not forecast an industry loss estimate, but said the $500 million estimate reported in some media is clearly too high.

Munich Re, the worlds biggest reinsurer, said profit this year is expected to decline 9.1% as prices charged by the industry are in decline.

News from Ironshore, Willis, Markel Corp., Allianz, Rosen & Co., Fireman's Fund and more

Ping An Insurance Group, China's second-largest insurer, is teaming up with Ctrip.com to sell smog insurance to tourists traveling to seven Chinese cities, according to Bloomberg.