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Problems with core systems are scary for any insurance carrier, but the thought of investing heavily in today's economy is enough even for the bravest to keep on the nightlight. Still, as Craig

NEW YORK--While buyers of insurance agencies may not share the same strategies for purchasing agencies, they all have clear ideas about why they make the deals.

Zurich Financial Services reported a 2009 first quarter net income of $362 million, a 75 percent drop from the 2008 first quarter figure.

With everyone looking ahead to what seems to be an inevitable hardening of the market later this year or in 2010, it's a good time for agents and brokers to take stock of their customers, markets and appetite for risks.

American International Group bettered its first quarter loss from last year by close to $2.5 billion, but reported a net loss of more than $5 billion, admitting that negative publicity is affecting underwriting.

After reporting a net loss for 2008, Zurich, Switzerland-based carrier Swiss Re celebrated a return to profitability in the first quarter, despite a 76 percent drop in net income.

American International Group said its AIG Financial Products Corp. has sold its commodity index business to UBS Investment Bank.

The U.S. Supreme Court's decision this week, that a company must show intent to dispose of chemicals to be liable as an "arranger" under the "Superfund Law," could benefit corporations caught up in potential liabilities.