Marsh & McLennan Companies Inc. reported third-quarter net income of $221 million despite declining revenues in most segments.

A House panel has passed industry-supported legislation to provide increased post-catastrophe aid for states and municipalities that enact and enforce storm-proof building requirements.

The National Association of Insurance Commissioners has approved a proposal to develop a new model for rating residential mortgage-backed securities (RMBS) held by insurers.

Tropical Storm Ida's impact on energy company operations in the Gulf of Mexico should be light, catastrophe modeling firms said as U.S. coastal states braced for the impact.

Ten property and casualty and life-health insurance trade groups have written lawmakers opposing a House health care bill provision to permit the Federal Trade Commission to prepare studies and reports on their industry.

Sales of directors and officers liability insurance are growing rapidly in Europe as shareholder suits increase, a consulting firm is reporting.

Property and casualty insurers can expect to be hit by a swirl of claims arising from swine flu that include actions against homeowners, businesses and health care facilities, a medical malpractice defense attorney predicts.

Property and casualty insurers are faced with difficult choices when dealing with aging claims systems, which can't provide the high level of service that customers expect from their carriers today, one leading consultant warns.