News

W.R. Berkley reported fourth-quarter net income at the Greenwich, Conn.-based insurance carrier rose 233 percent on the strength of its improved investment portfolio.

Selective Insurance Group Inc. reported the Branchville, N.J.-based insurer had 2009 fourth-quarter net income of $21 million, or 38 cents a share, compared to a net loss of $14 million, or negative 28 cents a share, for 2008.

Proving that auto insurers will leave no door unopened in their scrutiny of customer behavior, a United Kingdom carrier says it has found motorists over a lifetime will spend 16 days looking for their car keys.

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

The Bermuda insurance market continued to record strong performance against the backdrop of a prolonged soft market and the effects of the worst financial crisis in a generation, the Bermuda Monetary Authority reported today.

The property and casualty insurance industry continued to edge out life and health insurers in a customer satisfaction survey, but overall satisfaction with p&c dropped slightly, according to a national survey.