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The second round of P&C earnings reports for the first quarter reveal differing strategies for the challenging workers’ comp line, struggles for regionals and rising retention rates for many primary carriers. The last trend may suggest the market is bottoming, P&C Insurance Analyst William Wilt notes.

Investors greeted the insurance industry’s second week of earnings season warmly. Here are four personal observations gleaned from the information that insurers released.

While private U.S. property and casualty insurers’ 2010 net income rose to $34.7 billion from $28.7 billion the year before, the industry’s net losses on underwriting for the year grew $7.4 billion compared to 2009.

Merger and acquisition activity for property and casualty insurers, agents and brokers heated up in 2010, as insurers sought to improve their strategic standing within the industry, according to a report from Conning Research & Consulting.

With an eye toward jump-starting national momentum for reform, a North Dakota committee became the country’s first legislative body to approve a Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) this month, with Kentucky close behind.

With an eye towards jump-starting national momentum for reform, two House representatives from North Dakota and Kentucky led efforts to become the country’s first legislative bodies to approve a Surplus Lines Insurance Multistate Compliance Compact (SLIMPACT) this week.

Property and casualty insurers have seen a shift in earnings over the past eight years, becoming profitable after years of poor returns, something a consulting firm said is a major and permanent shift for the industry.

Although property and casualty insurers weathered the global financial crisis better than other types of financial services firms, emotional scars remain—scars that have prompted insurers to hang onto extra capital, an industry expert contended.