second quarter News

Allstate Corp. reported improved underlying profitability across all business lines for the second quarter quarter, but those gains were more than offset by $2.3 billion in record second quarter catastrophe losses. Allstate reported a net loss of $620 million, compared …

Insurance broker and risk services firm Aon Corp. reported that profit for the second quarter rose 69 percent to $258 million, as revenues were boosted by its $4.9 billion acquisition of Hewitt Associates last year. Total revenue increased 48 percent …