State Auto Financial Corp. says it will strengthen reserves by approximately $15 million for 2013s fourth quarter, as it continues to deal with program business, now in runoff, written through Risk Evaluation & Design LLC.

Property and casualty insurer Chubb Corp reported a better-than-expected quarterly profit as its claims fell 30% and announced a $1.5 billion share buyback.

The Senate passed legislation on Thursday re-establishing the National Association of Registered Agents and Brokers, but the underlying bill, which delays flood-rate increases, has a tough road ahead in the House.

The Senate passed legislation on Thursday re-establishing the National Association of Registered Agents and Brokers, but the underlying bill, which delays flood-rate increases, has a tough road ahead in the House.

The Senate vote to delay flood-rate hikes creates unlikely divisions and alliances on both sides of the issue. For example, statements opposing the bill came from insurance groups such as NAMIC and PCI, as well as from the Consumer Federation of America.

The Senate vote to delay flood-rate hikes creates unlikely divisions and alliances on both sides of the issue. For example, statements opposing the bill came from insurance groups such as NAMIC and PCI, as well as from the Consumer Federation of America.

Though an insurance payout is a popular motive for arson, it's not the only motive, as this case shows.

The move will catapult a credit union to become one of the largest P&C insurance providers in Canada.