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• Nationwide Net Income Off 5% on Claims & Expenses

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 7, 2013

  Claims and expenses took a bite out of Nationwide’s first-quarter earnings as the mutual insurance company says net income was down by 5 percent over the same period last year.

• Berkshire Hathaway Income Up 49%; Insurance Earnings Strong

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 6, 2013

  Berkshire Hathaway says its first-quarter net income rose 49 percent on the strong performance of its insurance businesses, and the company says it has the capacity and desire to write more business.

• P&C Carriers Add Jobs in March; Agent/Broker Employment Continues to Decline

  By Phil Gusman, PropertyCasualty360.com  |  May 6, 2013

  Property and Casualty carriers added 900 jobs in March -- a month that saw employment shrink in most other sectors of the insurance industry, according to an analysis of the latest figures from the U.S. Labor Department’s Bureau of Labor Statistics.

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  West Fertilizer Co. Had $1M in Liability Insurance

  By Chad Hemenway, PropertyCasualty360.com  |  May 6, 2013

  The West Fertilizer Co., site of a massive explosion last month that killed 15 people and damaged or destroyed more than 100 homes, two schools, and multiple businesses, carried $1 million in liability insurance, PC360 has confirmed.

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  Major Changes for Florida Citizens' Agents from SB 1770

  By Jeff Grady  |  May 3, 2013

  For Citizens agents, particularly for personal lines, a bill headed to Gov. Scott's desk promises to create significant changes to your operation.

• Liberty Mutual Q1 Net Income Drops 31%

  By Mark E. Ruquet, PropertyCasualty360.com  |  May 3, 2013

  Liberty Mutual reports first-quarter net income fell 31 percent, impacted by the devaluation of Venezuela’s currency and premium declines primarily in workers’ compensation.

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  Infographic: 6 Months After Superstorm Sandy

  By PCI  |  May 3, 2013

  The Property Casualty Insurers Association of America put together an infographic highlighting the industry's response to Superstorm Sandy.

• Wildfire Raging Along California Coast Threatens 3,000 Homes

  By Colleen Jenkins, Reuters  |  May 3, 2013

  A wind-driven wildfire raged along the California coast north of Los Angeles early on Friday, threatening some 3,000 homes and prompting evacuations of a university campus and several residential areas.

• AIG Q1 Profit Down $1B; P&C Underwriting Income Returns to Black

  By Chad Hemenway, PropertyCasualty360.com  |  May 3, 2013

  AIG says first-quarter net income dropped $1 billion compared to last year, as results a year ago included income from investments that have been sold or liquidated.

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  Florida Legislators Move Bill to Shrink Citizens Property Insurance Corp.

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  The industry is calling for Florida Gov. Rick Scott to sign SB 1770—a bill touted as yet another positive step toward stabilizing the Sunshine’s State’s property insurance market.

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  Allstate Execs Say Agency Plan Has Worked; Count Stabilizing

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  Allstate says controversial steps it made in an effort to improve agency performance are working.

• Allstate Q1 Profit Falls 7.4%; Home, Auto Policy Count Decline Slows

  By Chad Hemenway, PropertyCasualty360.com  |  May 2, 2013

  Nearly $360 million of first-quarter catastrophe losses drove a 7.4 percent decrease in net income for Allstate Corp.

• Industry Backs Michigan Bill for No-Fault Auto System Reform

  By Chad Hemenway, PropertyCasualty360.com  |  May 1, 2013

  The Michigan House Insurance Committee is expected to vote on a bill May 2 to reform the state’s no-fault auto insurance system.

• Through Quota Share and Run-Offs, State Auto Books $19.7M Profit in Q1

  By Chad Hemenway, PropertyCasualty360.com  |  May 1, 2013

  State Auto Financial Corp. reversed a first-quarter loss, booking net income of $19.7 million.

• Hanover Q1 Profit Increases 33.2%

  By Chad Hemenway, PropertyCasualty360.com  |  April 30, 2013

  Hanover received rate increases of 9 percent in core Commercial and Personal lines during the first quarter and it is seeing greater rate increases in Specialty.

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  Florida Lawmakers Advancing Bills to Reform Last-Resort Insurer

  By Chad Hemenway, PropertyCasualty360.com  |  April 30, 2013

  The Florida House on April 30 passed an amended version of Senate Bill 1770 to change what properties can be underwritten by Citizens Property Insurance Corp.