In sports terms, 2012 has been what one could call a rebuilding year, as P&C carriers looked to recover from a disastrous 2011 and a string of heavy losses. For many carriers, 2012 was a time to totally reappraise their roster of risks, which meant both exploring new lines of business as well as shedding certain types of perils or getting out of certain regions altogether.

And for the first 10 months, 2012 was shaping up to be a pretty good year. On the technology front, drivers seemed increasingly willing to install telematics devices in their cars—which could result in lower premiums for them and much better risk selection for insurers. AIG continued to make headlines—many of them positive for a change. Overall, rates started to reverse their long decline.

In the halls of state capitols and Washington, 2012 produced some mixed results. Florida— making a bid to no longer be an insurance basket case—instituted some welcome reforms. And Congress brought some much-needed certainty to the National Flood Insurance Program.

The biggest difference between 2012 and 2011 was the relatively benign weather enjoyed by the industry. Until the end of October, a drought in the Midwest was one of the few natural catastrophes to generate big news. But then Sandy struck, delivering a devastating blow to the Northeast—and making sure that the top story of this year would once again be attributable to Mother Nature.

Here's our look at the Top 10 news events of 2012. See you in 2013.

#10 Telematics: An Idea Whose Time Has Come

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&lsquo;Rebuilding Year&rsquo;: The Top 10 Stories of 2012

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‘Rebuilding Year’: The Top 10 Stories of 2012