News

A 6.5 magnitude earthquake shook the Bio-Bio region of Chile early Wednesday morning but there have been no reports of significant damage, a catastrophe modeler said.

Insurers Hanover Insurance group, State Auto Financial Corp. and Argo Group International Holdings Ltd. announced tens of million of dollars in losses due to catastrophes in the 2010 second quarter.

Auto insurer Progressive reported June net income dropped 29 percent from the prior year on the poor performance of its investment portfolio.

Insurance industry representatives will oppose an expected amendment that would add wind coverage to a bill extending the National Flood Insurance Program for five years

The Ward Group has released its annual list of top 50 P&C insurance companies in the U.S., with nine new additions.

Will the new financial services regulatory reform bill have a positive, negative or no impact on p&c insurers? Go to www.property-casualty.com to cast your vote!