News

A new report takes issue with the current structure of the federal crop insurance program, arguing that in many cases it allows growers to make more money from insurance payouts than they would from a healthy harvest.

Swiss Re says its 2013 first-quarter net income climbed to $1.4 billion, compared to $1.1 billion for the same period a year ago, with improvements in the groups property and casualty reinsurance business acting as a key driver for the results.

Swiss Re says its 2013 first-quarter net income climbed to $1.4 billion, compared to $1.1 billion for the same period a year ago, with improvements in the groups property and casualty reinsurance business acting as a key driver for the results.

In what its CEO characterized as an excellent start to the year, Marsh & McLennan Cos. reports first-quarter revenue of $3.1 billion, a 2 percent increase over the same period last year.

Allstate says controversial steps it made in an effort to improve agency performance are working.

RenaissanceRe reports 2013 first-quarter net income fell to $190.5 million compared to $201.4 million for the same period a year ago, as decreases in underwriting income, written premiums and investment income offset an improvement in weather and energy risk-management operations.