Commercial Lines

Big European insurers need not fear higher capital requirements if they are placed on regulators' watch list of financial companies deemed 'too big to fail', a European Commission official says.

The new rates on homeowners' and dwelling fire policies take effect on Jan. 1 for new and renewal multi-peril business, and Feb. 1 for new and renewal wind-only business.

The new rates on homeowners' and dwelling fire policies take effect on Jan. 1 for new and renewal multi-peril business, and Feb. 1 for new and renewal wind-only business.

Mayfield Village, Ohio-based auto insurer Progressive reports net income for September was down 6 percent and down 42 percent for the quarter compared to the previous year.

Mayfield Village, Ohio-based auto insurer Progressive reports net income for September was down 6 percent and down 42 percent for the quarter compared to the previous year.

There were 2,100 fewer jobs in the insurance industry for the month of August, with property and casualty insurance carriers, agents and brokers taking the biggest hit of the nine industry segments.