News

The Travelers Companies, Inc., reported third quarter net income rose 337 percent over the same period last year thanks to improved underwriting and investment performance from the prior year.

A House committee has voted to totally exempt insurance companies and their products from oversight by a proposed U.S. Consumer Finance Protection Agency.

Property/casualty insurers are faced with difficult choices when dealing with aging claim systems, which can't provide the high level of service that customers expect from their insurance carriers today, according to a recent web seminar.

Connecticut Attorney General Richard Blumenthal announced that The Hartford Financial Services Group, Inc. has settled reinsurance price fixing allegations for $1.3 million.

The New York State Insurance Department has updated its proposed producer compensation regulation with two changes hailed as a positive development by an independent agent association.

Demand has been rising for employment practices liability (EPLI) insurance protection as layoff activity has increased employee claims, an insurance brokerage expert said.