Personal Insurance Business

• 

  Zuraitis Leaving Hanover to Become Horace Mann CEO

  By Chad Hemenway, PropertyCasualty360.com  |  April 25, 2013

  Marita Zuraitis, president of the P&C companies of The Hanover Insurance Group, is resigning.

• 

  West Fertilizer Plant Explosion to Cause $100M in Insured Property Losses

  By Chad Hemenway, PropertyCasualty360.com  |  April 23, 2013

  The massive explosion at a West, Texas fertilizer plant has caused at least $100 million in insured losses to property.

• Travelers Q1 Profit Up 11%; Rate Hikes Outpace Loss Costs

  By Chad Hemenway, PropertyCasualty360.com  |  April 23, 2013

  The Travelers Cos. says first-quarter net income increased 11 percent due to higher underwriting margins and lower catastrophe losses.

• 

  Florida Judge Lifts Stay of PIP Injunction

  By Chad Hemenway, PropertyCasualty360.com  |  April 22, 2013

  A Florida judge has lifted a stay of a temporary injunction of certain provisions within a landmark auto insurance reform bill adopted last year.

• 

  NJ, NY Insurers Settle 93% of Superstorm Sandy Claims

  By Arthur D. Postal, PropertyCasualty360.com  |  April 22, 2013

  Superstorm Sandy is now the third costliest storm in U.S. history, the Insurance Information Institute says.

• 

  Massive Texas Plant Explosion Destroys Houses, Cars, Apartment Complex, School

  By Chad Hemenway, PropertyCasualty360.com  |  April 18, 2013

  Insurance adjusters are already on their way to an area near Waco, Texas affected by an enormous blast at a fertilizer plant Wednesday night that sent a mushroom cloud into the sky.

• Allstate Expects Q1 Catastrophe Losses of About $360M

  By Chad Hemenway, PropertyCasualty360.com  |  April 18, 2013

  The Northbrook, Ill.-based insurer says it incurred pretax catastrophe losses of $198 million for the month of March.

• 

  Marsh: Global Rate-Firming Persists; Insurers Harden on U.S. Northeast Property

  By Chad Hemenway, PropertyCasualty360.com  |  April 17, 2013

  Insurance broker Marsh says global insurance rates continued to firm during the first quarter, led by major insurance lines in the U.S.

• Brown & Brown Reports Record Q1 Income

  By Mark E. Ruquet, PropertyCasualty360.com  |  April 16, 2013

  Brown & Brown reports record Q1 net income of 22 percent over the previous period primarily on the increase in commissions and fees, as insurers press for rate increases with significant focus on the Superstorm Sandy affected regions.

• Allstate Expands Drivewise to 16 States, Adds Smartphone App

  By Robert Regis Hyle, PropertyCasualty360.com  |  April 16, 2013

  Allstate has expanded its Drivewise telematics program into six additional states and introduces a usage-based app for smartphones.

• 

  Insurance Industry Closely Watches Proposed Firearms Liability Laws

  By Bonnie Cavanaugh, PropertyCasulaty360.com  |  April 12, 2013

  Legislators from the federal government to the state level have been vocalizing their request for improved gun control, but does the insurance industry have a role?

• 

  Good Riddance: 'Sandy' Is Retired

  By Chad Hemenway, PropertyCasualty360.com  |  April 12, 2013

  There will be no special ceremony—no speech echoing in a stadium or arena, but "Sandy" has been retired and will never be attached to another storm worthy of a name.

• 

  10 Deadliest Driving Distractions

  By Christina Bramlet, PropertyCasualty360.com  |  April 11, 2013

  The consequences of distracted driving can be fatal. Surprisingly, cell phone use is not the deadliest habit.

• Progressive Q1 Net Income Up 20%; Hailstorms Affect March Results

  By Chad Hemenway, PropertyCasualty360.com  |  April 11, 2013

  Progressive Corp. says first-quarter net income increased 20 percent despite a slight drop in net income in March, compared to a year ago.

• 

  Liberty Mutual’s ‘Ted’ Kelly Retires as Chairman; CEO Long Elected

  By Chad Hemenway, PropertyCasualty360.com  |  April 11, 2013

  Edmund “Ted” Kelly is cutting his last tie to Liberty Mutual Insurance after more than 20 years with the company.

• 

  CSU Forecast: 72% Chance of Major Hurricane Landfall in 2013

  By Chad Hemenway, PropertyCasualty360.com  |  April 10, 2013

  A well-known pair of forecasters from Colorado State University say at least one named storm will be spinning in the Atlantic Ocean for an equivalent of three months of the upcoming six-month hurricane season.