Travelers, the biggest U.S. property insurer by market value, said first-quarter profits fell 32% as values on its investments sagged along with the economy.

Net income fell to $662 million, or …  Read →

Reinsurance companies suffered losses last year, but will be buoyed by the gains in the two years following Hurricane Katrina, according to a ratings service analysis.

Courtesy: FEMA

Reinsurance companies in …  Read →

WellPoint Inc., the nation’s largest health insurer, saw an increase in its national business in the first quarter, while other segments experienced losses as a result of the economy.

Angela …  Read →

The Main Street America Group, which as a regional office in Syracuse, N.Y., reported a $43.6 million underwriting profit in 2008, the largest in its 85-year history.

The underwriting profit was …  Read →

Health insurers will alter pricing in the wake of “serious earnings shortfalls” last year, a key insurance ratings service predicts.

“As a result of last year’s reduced profitability, we expect that …  Read →

The Phoenix Cos. overstated its fourth quarter and 2008 earnings by $46 million as the result of an error in accounting on its income taxes, the insurer said.

The company revised …  Read →

State Farm took a hit on the chin as it watched its net worth decrease last year by $10.4 billion, largely because of the $9.2 billion decline in the value …  Read →

American International Group had an up and down day, as it reported $61.7 billion in losses in the fourth quarter of last year – the worst loss in U.S. corporate …  Read →