News

Allstate Insurance Company reported 2010 first quarter net income of $120 million, compared to a 2009 first quarter net loss of $274 million, despite "near record" catastrophe losses.

Some teens are so busy texting, they must think their cars have autopilots.

Willis Group Holdings, plc, reported first-quarter net income rose 6 percent over last year as the company captured new business and continued to control costs.

As debate continues on financial services reform legislation in the Senate, insurance industry representatives said they will work to eliminate regulatory provisions they consider too "bank-centric."

With all the fuss at the RIMS conference over contingent commissions, wouldn't it make more sense for risk managers to just pay their brokers a fee for services rendered, says NU Editor Sam Friedman in his blog at www.NUSamSoapBox.com.

Insurance software provider Sapiens International Corporation N.V. announced it has acquired the technology firm Harcase Software.