Personal Lines

Scott R. Wallace, president and chief executive officer of Florida Citizens Property Insurance Corp., has abruptly resigned for personal reasons.

Scott R. Wallace, president and chief executive officer of Florida Citizens Property Insurance Corp., has abruptly resigned for personal reasons.

Challenged by a volatile underwriting cycle, a shaky economy and the uncertain impact of new regulations, U.S. property and casualty insurers must respond by investing in core systems, understanding changing consumer habits and using business analytics to address difficult top-line growth conditions, according to Ernst & Young.

The vehicles we drive today have become amazingly more complex over the last decadeand total-loss regulations need to catch up.

The vehicles we drive today have become amazingly more complex over the last decadeand total-loss regulations need to catch up.

The personal-lines insurance market is expected to do better than commercial lines, as price increases are anticipated to be tougher to achieve for commercial-lines carriers in 2012, says A.M. Best.

The P&C industry had a rough year in 2011, and the results for the first nine months show that carriers have more to worry about these days than just the threat of more disaster losses.

Louisiana Citizens Property Insurance Corp. does not think the state Supreme Court addressed all of the issues it should have before reinstating what now is a judgment of more than $100 million for policyholders.