News

Net income was down for two reinsurers reporting 2010 third-quarter results, while profit for a specialty lines insurance and treaty reinsurance company returned to the black.

Based on current market prices, the U.S. government expects to earn a profit from its loans and investments in American International Group (AIG).

Catastrophe losses impacted the earnings of super-regional property and casualty insurers State Auto Financial Corp. and Harleysville Group, leading to third-quarter net

Severe weather moving across Ohio on Sept. 16 produced 11 tornadoes, high winds and hail causing at least $17.2 million in damages, based on preliminary insured loss estimates from the Ohio Insurance Institute (OII).

A regulatory lawyer raised concerns about a new proposed FDIC rule dealing with resolving troubled insurers that the federal agency believes constitute potential systemic risk to the financial system.

A new study from the Insurance Research Council concludes that state-run residual markets have unintentionally provided the means for development in vulnerable coastal areas.