News

Allstate Corp. says third quarter net income dropped 55 percent to $165 million on about $1.1 billion in catastrophe losses from 23 events.

New scholarship program, announced by Federal Alliance for Safe Homes (FLASH), is aimed at higher education in disaster mitigation studies.

Connecticut officials say they reached a $1.7 million settlement with a Boston-based insurance broker over allegations that the broker failed to provide proper information to its customers about commissions and overcharged them in the process.

CNA Financial Corp. says third-quarter net income was $75 million, compared to a net loss of $140 million a year ago during the same period.

The Occupy Wall Street movement, which is ongoing and has now spread to a number of cities across the United States, will test both public and private entities when claims start rolling in, according to a risk-management expert.

What is the scariest risk in an insurance brokers area of expertise? Insurance broker Willis Group Holdings on its WillisWire blog has listed the 21 scariest risks in the areas of expertise among its individual experts.