E&S/Specialty

AIG says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.

The industry is calling for Florida Gov. Rick Scott to sign SB 1770a bill touted as yet another positive step toward stabilizing the Sunshines States property insurance market.

A new report takes issue with the current structure of the federal crop insurance program, arguing that in many cases it allows growers to make more money from insurance payouts than they would from a healthy harvest.

RenaissanceRe reports 2013 first-quarter net income fell to $190.5 million compared to $201.4 million for the same period a year ago, as decreases in underwriting income, written premiums and investment income offset an improvement in weather and energy risk-management operations.

A Travelers survey reveals that some 75 percent of leading manufacturers have expanded their products or services in the past year or expect to do so by years end.

Markel Corp. says it has completed its $3 billion buy of Alterra Capital Holdings and reports a 54.7 percent increase in first quarter profit.