News

The Allstate Corporation reported a 15.5 percent drop in third-quarter net income last night, attributing the decline to higher catastrophe losses and a lack of favorable loss development that boosted

Wells Fargo Third Party Administrators Inc., a subsidiary of San Francisco-based Wells Fargo & Company, said it has acquired JSL Administrators, a subsidiary of J. Smith Lanier & Co. The purchase cost

New York Insurance Superintendent Eric Dinallo, breaking away from other states' regulators, said today he planned to do away with collateral requirements for foreign reinsurers with good financial r

The National Association of Professional Insurance Agents' new president said he believes the most pressing issue facing the insurance industry and its customers today is finding a solution to catastr

The National Association of Professional Insurance Agents' new president said he believes the most pressing issue facing the insurance industry and its customers today is finding a solution to catastr

A Connecticut judge ruled yesterday that Arch Capital Group Ltd. had taken Gen Re trade secrets, and he issued an injunction barring Arch from further divulging of the company's proprietary informatio