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Catastrophe losses of $26.6 million during May contributed to a 19 percent drop in net income for Progressive Corp.

State legislatures, regulatory agencies, and rate makers have been busy lately enacting, tweaking, and doing away with various workers' compensation laws, rules and rates.

InVEST, an Independent Insurance Agents & Brokers Association (IIABA) program designed to attract new talent to the insurance industry, has awarded $56,500 in scholarships to 58 college-bound students pursuing insurance-related degrees.

The U.S. Securities and Exchange Commission has ended its investigation of American International Group Inc. (AIG) and Joseph Cassano, former head of the company's Financial Products unit.

Flash floods in southeastern France have damaged hundreds of homes and killed 22 people, according to bulletin by Guy Carpenter's Instrat unit that cites various media reports.

Edward Paul Verdin, 36, is one slippery character that couldn't make his way out of a sticky situation and pled guilty to mail fraud and money laundering violations in Lafayette, La.

Kingsway Financial Services Inc. said it is looking to dispose of non-standard automobile insurance subsidiary, Mendota Insurance Company.

The Florida Office of Insurance Regulation (OIR) said it has reached an agreement with a second reinsurer to participate in the state's market under modified regulatory terms.