The P&C industry's underwriting and operating profitability improved through the first nine months of 2013 compared to 2012 thanks to lower catastrophe losses and firmer pricing. See a visual breakdown of the industry's performance through the first nine months of the year.

The U.S. Court of Appeals for the Second Circuit has upheld the dismissal of a subrogation action brought by insurance companies against the entities that designed, built, operated, and maintained 7 World Trade Center in Manhattan.

Italy's insurance regulator said on Tuesday that it was perplexed by S&P's putting the country's biggest insurer, Assicurazioni Generali, on negative creditwatch last month.