Bermuda-based reinsurer, Everest Re Group Ltd. reported a 42.5 percent drop in 2010 second quarter net income, while also announcing that Chief Executive Officer Joseph V. Taranto will retire as of Dec. 31.

As part of an agreement with California regulators, an automobile insurance subsidiary of the Los Angeles-based Farmers Insurance Group said about one-third of its customers

Florida's insurance consumer advocate told regulators Allstate's Castle Key subsidiaries do not need the double-digit rate increases they are asking the state to approve.

Zurich-based ACE Ltd. said its 2010 second-quarter profit increased 27 percent to $677 million compared with last year during the same time.

W.R. Berkley Corp. experienced its first growth in overall premiums in 15 quarters due to growth in companies Berkley has started since 2006.

British Petroleum vessels have returned to the site of the worst oil spill in U.S. history after the second named storm of the Atlantic hurricane season came and went over the weekend without incident.

Louisiana Insurance Commissioner Jim Donelon has turned to the head of the Michigan FAIR Plan to take over Louisiana's last-resort insurer.

Much of the damage caused by a dam breach due to heavy rain in Iowa is uninsured because an estimated large majority of homes in the affected areas do not have flood insurance.