Personal Lines

The cutthroat horsepower race between vehicles on U.S. roads will have a far-reaching effect on the insurance industry.

The cutthroat horsepower race between vehicles on U.S. roads will have a far-reaching effect on the insurance industry.

Catastrophe losses in 2011 led to the U.S. property and casualty industrys largest underwriting loss since 2002, and while 2012 should see a modest improvement in pricing, a true hard market is likely at least a year or two away, according to A.M. Best.

Leaders in personal lines discuss challenges and opportunities in the market in 2012.

The U.S. Supreme Court has decided not to delay the execution of a judgment against Louisiana Citizens Property Insurance Corp. while the last-resort insurer prepares an application for the high court to hear the case.

Allstate Corp. says 2011 fourth-quarter net income increased 145 percent over the prior year due to improved profitability in its insurance business and solid performance in its financial segment.