Willis Group Holdings plc reported fourth quarter net income last year grew 27 percent as the firm completed its integration of Hilb, Rogal & Hobbs Co.

Standard & Poor's Ratings Services said it has cut the Berkshire Hathaway Inc. long-term counterparty credit rating and the financial strength ratings of its insurance operations because of its railroad purchase.

Zurich Financial Services Group reported net income for 2009 rose by 6 percent to $3.2 billion compared with $3 billion in the previous year.

A survey of consumers has found insurers and agents score better than banks when it comes to the issue of who is a better advocate for them, and independent agents scored high on the list.

The American International Group bonus payments' controversy is continuing with Sen. Charles Grassley, R-Iowa, expanding his demands for information from the Treasury Department.

Big auto insurers will be examining past auto accident claims involving Toyota vehicles for possible subrogation action, an insurance arbitration executive predicted, as Allstate said it has a case review underway.

The tough economy has led to a decrease in the number of vehicles rated total losses after a crash, according to a provider of collision data processing systems used by insurers and body shops.

Legislation will be introduced in the House repealing the antitrust exemption afforded health and medical liability insurers through the McCarran-Ferguson Act.