Allstate Insurance reports 2012 third-quarter net income of $723 million, a sharp increase from the $175 million in net income reported during 2011s third quarter, as operating income increased by over $600 million and catastrophe losses were over $800 million lower.

Storm terminology can impact how a property claim is handled after a weather event. A forensic meteorologist explains what's in a name.

Storm terminology can impact how a property claim is handled after a weather event. A forensic meteorologist explains what's in a name.

New York, New Jersey and Connecticut officials have all made clear that Sandy, at the time of landfall, was a post-tropical cyclone, and therefore insurers will not be permitted to apply hurricane deductibles.

New York, New Jersey and Connecticut officials have all made clear that Sandy, at the time of landfall, was a post-tropical cyclone, and therefore insurers will not be permitted to apply hurricane deductibles.

Lloyds Banking Group took another 1 billion pound ($1.6 billion) hit to compensate customers mis-sold loan insurance, taking its charge for the scandal to 5.3 billion and dragging it to a third-quarter loss.

Catastrophe modeler Eqecat doubled its initial estimate of insured losses from Superstorm Sandy to up to $20 billion.

Insurance equity analysts expect higher profitability, despite difficult market conditions, from the best-performing insurers and will reward those that expand into emerging markets, according to findings of a global survey conducted from Accenture.