Personal Lines

Auto and home insurers might have a tough road ahead of them when it comes to expanding market share organically, but there are growth strategies they could pursue to capitalize on the evolving needs of todays increasingly tech-savvy personal-lines consumers.

A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute....

A combination of higher coastal populations, artificially suppressed rates for last-resort insurers, and the inability of insurers to charge rates commensurate with risk along the coast has driven the residual property market in hurricane-exposed states to new peaks in both exposure value and policy levels, says the Insurance Information Institute....

Catastrophe losses in June ran higher than the same month a year ago for Progressive Corp., driving June 2012 net income down 75 percent compared to last year.

Catastrophe losses in June ran higher than the same month a year ago for Progressive Corp., driving June 2012 net income down 75 percent compared to last year.

New York States hearings last month on force-placed insurance appear to be just the beginning of an effort to reform industry practices around the coverage nationwide.