News

The Travelers Companies said its 2010 third quarter net income is up 7 percent to about $1 billion.

Modeler EQECAT said Typhoon Megi is expected to cause $500 million to $1 billion in economic damages in China after having causing extensive damage and 27 deaths earlier in the week in the Philippines.

Brokers in all regions of the U.S. agreed that the commercial property and casualty market remains competitive, particularly for new business, and that insurers are still willing

A magnitude 6.9 earthquake occurred off the coast of Mexico in the Gulf of California, according to the U.S. Geological Survey.

The 17th named storm of the 2010 Atlantic hurricane season has formed and it is expected to intensify.

Claims arising from the U.S. subprime loan and banking crisis continue to mount, but are said to remain manageable at market level for Lloyd's, according to an Aon Benfield report.