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Allstate Profit Falls as Auto, Catastrophe Claims Rise

Allstate Insurance net income fell 43 percent in the fourth quarter as rising claims from auto insurance customers and catastrophes took their toll. Allstate’s fourth quarter 2010 net profit was $296 million compared to $518 million in the fourth quarter …

Chubb Reports Q4, 2010 Results; Expects Australia Flood Losses

The Chubb Corp. reported that net income in the fourth quarter of 2010 was $620 million, compared to $695 million in the fourth quarter of 2009. For the year ended Dec. 31, 2010, net income was $2.2 billion, the same …