The Hanover Insurance Group, Inc. reported a third quarter profit of $49.7 million, compared to a third quarter loss last year of $61.8 million.

Attendees at the annual National Association of Subrogation Professionals (NASP) conference learned that hiring the right person isn't as arbitrary as it might seem.

The full House is unlikely to debate financial services reform legislation until the first week of December, Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, said.

The property and casualty market, in part because of asbestos losses, has a heightened risk of moving toward a deficient reserve position going forward, according to Fitch Ratings.

Legislation to repeal the antitrust exemption for health and medical malpractice insurers "will have no significant effect" on premiums charged for private health insurance, the Congressional Budget Office reported.

If the 1908 asteroid explosion that hit Siberia were to occur above Manhattan today it would cause a over a trillion dollars in property loss and 3.2 million deaths, a catastrophe modeling firm said.

Insurance software and service provider Vertafore, said it has launched the AMS360 version 4.0 management system with advancements to simplify marketing and sales tasks for more than 2,800 agencies currently using the product.

Raleigh, N.C.-based insurance brokerage BB&T Insurance Services said it has acquired Oswald Trippe and Co. Inc. (OTC) of Fort Myers, Fla., expanding its southwest Florida operation. Financial terms were not released.