Bermuda-based reinsurer Montpelier Re Holdings Ltd. reported net income dropped 60 percent in the fourth quarter of 2010 due to a combination of catastrophe losses and declines in investment returns.

Massachusetts Attorney General Martha Coakley is pressing state regulators to reject auto insurer Progressive Corp.'s plans to hike the rate for commercial customers by 23.5 percent.

Massachusetts Attorney General Martha Coakley is pressing state regulators to reject auto insurer Progressive Corp.'s plans to hike the rate for commercial customers by 23.5 percent.

The landlords of the Metrodome said work could get underway to replace the snow-collapsed roof by the middle of March, at an estimated cost of $18.3 million. Dome officials said all but a $25,000 deductible will be covered by insurance.