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Travelers Cos. Inc. said it would cut jobs and reduce prices of auto insurance, steps investors took as an indication that rates had risen too far and competition was increasing.

Mortgage insurer MGIC InvestmentCorp posted its first quarterly profit in three years as fewer people defaulted on their home loans, sending its shares up as much as 16 percent in premarket trading.

Mortgage insurer MGIC InvestmentCorp posted its first quarterly profit in three years as fewer people defaulted on their home loans, sending its shares up as much as 16 percent in premarket trading.

Reinsurer Munich Re is likely to face damage claims of $333-466 million from flooding in central Europe, a bank analyst predicted on Friday, after Allianz pencilled in its own net hit at 350 million.

NationAir Aviation announces new division. National Alliance for Insurance Education & Research honors customer service represetatives. Assoc. of Professional Insurance Women awards honor.

Some may view claims adjusting as a dead end, but history has proven its worth and necessity time and again. For the last 60 years, Claims Magazine has covered this fascinating, evolving industry.

Each of the five STEMS factors have a significant role in insurance, claims adjustment, and risk management. For example, without engineering loss control would be useless.

Plaintiffs rush to file suits related to the Deepwater Horizon spill before a three-year statute of limitations expires.