News

For the second consecutive year, service issues and vendor/venue bankruptcies remain the most frequent causes of wedding-day claims, according to Travelers.

Aon Corp. announced it has integrated Paragon Strategic Solutions into Inpoint, an Aon company recently formed to help insurance carriers improve their performance.

A provision extending the National Flood Insurance Program until May 31 is included in bipartisan Senate legislation aimed at creating jobs.

Independent insurance agents give the bulk of their business to insurers who provide contact people, prices, products, and other factors they like, according to a survey released by marketing information firm J.D. Power and Associates.

California's Insurance Commissioner said next month he will take regulatory steps against insurers with investments in firms with Iranian connections that could lower their capital and surplus levels.

The Allstate Corporation reported a 2009 fourth-quarter net income of $518 million, up sharply from a 2008 fourth quarter net loss of $1.1 billion. The company attributed the turnaround to lower realized capital losses and improved operating income.