State insurance regulators and legislators will discuss later this month possible ways of harmonizing rival compacts designed to implement a surplus lines premium tax-sharing mechanism to implement a recent federal reform law.

Severe weather continued throughout the world in July, causing more than a billion dollars in damages, according to Aon Benfield’s monthly catastrophe recap.

AXIS Capital Holdings says second-quarter net income available to common shareholders dropped to $101 million from $205 million in the 2010 second quarter, as catastrophe losses drove the company’s combined ratio to 98.9, compared to 86.2 a year ago.

AXIS Capital Holdings says second-quarter net income available to common shareholders dropped to $101 million from $205 million in the 2010 second quarter, as catastrophe losses drove the company’s combined ratio to 98.9, compared to 86.2 a year ago.

The problem insurance carriers face when they wish to do business with independent agents is that the agents are exactly that: independent.

As Tropical Storm Emily dumps rain on the Dominican Republic and Haiti, the National Oceanic and Atmospheric Administration (NOAA) has raised the number of Atlantic storms it expects this year.

Willis Group Holdings has eliminated approximately 600 positions so far this year as part of its operational review, leading to a second-quarter charge of $18 million and contributing to a 2 percent drop in net income.

The Hartford says the highest second-quarter catastrophe losses in its history and asbestos-reserve strengthening led the insurer to a 68 percent drop in net income for the quarter.