Willis Group Holdings posted a higher first-quarter profit that topped Wall Street estimates, as it earned more from commissions and fees, but the insurance broker withdrew its previous forecasts due to uncertainty in some operations.

Italian-insurance agents and brokers are seeking to break the restrictions placed on them by their domestic carriers and welcome U.S. carriers business and U.S. independent-agent practices to their shore.

The National Insurance Crime Bureau estimates insurance fraud has escalated by 19 percent since 2009. To detect more fraud, reduce false positives, and improve investigator efficiency, insurance carriers are turning to the latest version of SAS Fraud Framework for Insurance.

Liberty Mutual has restructured its reinsurance program to be better prepared for storms, says its president and chief executive officer.