Allstate Corp.s chief executive says the compensation given to agencies is changing to give more money to agencies performing the best.

Allstate Corp. says third quarter net income dropped 55 percent to $165 million on about $1.1 billion in catastrophe losses from 23 events.

CNA Financial Corp. says third-quarter net income was $75 million, compared to a net loss of $140 million a year ago during the same period.

The insurance industry today is reacting to a noreaster Saturday that dumped more than 2 feet of snow in some spots in New England, prompting emergency declarations in New York, New Jersey, Connecticut and Massachusetts.

Swiss Reinsurance Co. Ltd. has regained a credit rating of AA-minus from Standard & Poors, which says the Zurich-based reinsurer successfully de-risked its asset portfolio.

Swiss Reinsurance Co. Ltd. has regained a credit rating of AA-minus from Standard & Poors, which says the Zurich-based reinsurer successfully de-risked its asset portfolio.

Results were not good for Bermuda-based insurance companies reporting third-quarter results late Thursday.

ACE Ltd. Chief Executive Officer Evan Greenberg says September was the best month for pricing this year, and a statement by Fitch says it is seeing positive rate increases, but as Greenberg says, whether the trend continues remains to be seen.