Hartford, the insurer that sold life units to focus on property-casualty coverage, plunged the most in the 88-company S&Ps 500 Financials Index after third-quarter profit fell, missing analysts estimates.

Chubb Corp. shareholders opposed an $80 million golden parachute payment for CEO John Finnegan, who struck a deal to sell the insurer to Ace Ltd.

Amtrak obtained $275 million of natural- disaster protection from fixed-income investors in the first catastrophe bond for the U.S. long-distance passenger railway.

Axis Capital Holdings Ltd. will cut about 100 jobs and scale back operations in Australia after the reinsurer lost a bidding war for PartnerRe Ltd.

Munich Re and Marsh & McLennan Cos. introduced a product to insure U.S. pharmaceutical companies against regulatory actions that could cause them to suspend manufacturing.

The wildfires ravaging Northern California may be the costliest for the insurance industry in more than two decades by the time the blazes are controlled.

Navigators agreed to settle a U.S. probe that it violated sanctions through deals tied to banned nations.

Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit plunged 45 percent on a surge in claims from automobile coverage.