The Chicago-based insurance broker said fourth-quarter net income dropped $197 million to $10 million, or 4 cents a share, compared to net income of $207 million, or 69 cents for the prior year.

An organization of major life and property/casualty insurers and reinsurers has asked the Securities and Exchange Commission (SEC) to delay the approval of a Memorandum of Understanding (MOU) on the

The insurance industry is urging international insurance supervisors to take a number of steps as they develop global insurance standards including looking at what it would take to fulfill a contract

As reported last month by NU Online, State Senator David Baria, D-Bay St. Louis, said he introduced the measure in response to what he asserted were actions by some insurers after Hurricane Katrina

Most of the 1.2 million home and condominium policies State Farm Florida wants to drop from its rolls in Florida are older and more vulnerable to hurricanes, according an online insurance buyers

o Glen Boyls, management consultant, AMX International Inc. speaking on "Navigating the Financial Tsunami"--a session providing recommendations to help companies prepare for economic recovery, taking

He noted that, "Lower payrolls and receipts are resulting in lower premiums and severe pressure on expense rates. Insurers and brokers are faced with diminished premium bases before they even

Tuesday in her State of the State Address, Gov. Granholm said, "I call upon every auto insurance company to freeze rate increases for 12 months while the legislature works to enact comprehensive