CHICAGO (Reuters)—Aon Corp. reported a market-beating quarterly profit driven by recent acquisitions that offset a drop in commissions.

WASHINGTON, July 30 (Reuters)—A close vote is expected later on Friday when the House of Representatives decides on legislation to reform the oil industry's offshore drilling practices in response to the massive Gulf oil spill.

Although property/casualty insurers suffered sharp declines in net asset values resulting from weak investment conditions and other difficulties in the financial markets, they have been affected to a lesser degree than other sectors, says Standard &...

WASHINGTON—The U.S. House failed to approve legislation that would have reopened a victims compensation fund for emergency responders, cleanup workers and others sickened by materials at the World Trade Center site in New York.

NEW YORK—Eugene R. Anderson, a founding member of New York-based insurance recovery firm Anderson Kill & Olick P.C., died Friday morning after a long illness.

LONDON (Reuters)—Insurance broker Jardine Lloyd Thompson Group P.L.C. on Friday reported a 14% rise in its half-year profit thanks to acquisitions and efficiency gains last year and warned of a continued dip in insurance prices.

LONDON (Bloomberg)—The international body that sets accounting rules used in more than 110 countries including Britain, Japan and Germany said insurance companies should standardize bookkeeping to give investors better data.

ALBANY, N.Y. (Bloomberg)—New York Attorney General Andrew Cuomo subpoenaed Genworth Financial Inc., Unum Group and an insurer acquired by France's AXA S.A. as the state widens a life- insurance fraud probe, said a person briefed on the demands.

NEW YORK (Reuters)—MetLife Inc., the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by investment gains.

ROSWELL, Ga.—ACE Group of Cos. Ltd. on Thursday promoted Bruce Kessler to president of ACE Westchester.

While the vast majority of employers are rethinking their health benefits strategies in response to the passage of federal health care reform law, only a fraction are considering dropping benefits entirely, a survey by Fidelity Investments has revealed.

NEW YORK—Standard & Poor's Corp. on Thursday raised its financial-strength rating of Arch Capital Group Ltd.'s insurance and reinsurance companies to A+ from A.

HAMILTON, Bermuda—Everest Re Group Ltd. on Thursday reported net income of $134 million for the first half of 2010, down 64% from the prior-year period, and also named a new CEO.

PARIS (Bloomberg)—SCOR S.E., France’s largest reinsurer, said second-quarter profit rose 32% after increasing income from financial investments amid higher market volatility.

ALBANY, N.Y. (Bloomberg)—The New York State Insurance Department plans to review the legality of an industry practice that directs death benefits to accounts managed by carriers on behalf of beneficiaries.

New Mexico and Hawaii have named new insurance leaders, with John G. Franchini taking the post in New Mexico and Gordon Ito moving into the job in Hawaii.

NEW YORK—Willis Group Holdings P.L.C. reported higher revenues and net income for the first six months of 2010.

WASHINGTON (Reuters)—Republicans and some moderate Democrats in the U.S.

SIMSBURY, Conn.—Hartford Financial Services Group Inc. has promoted Sharon Ritchey to executive vp of retirement plans.

SAN FRANCISCO—An employer can order a fitness-for-duty exam when a worker’s emotional stability is in question, even when job performance has not been affected, a federal appellate court ruled.