Personal Lines

Louisiana Citizens Property Insurance Corp. has proposed a 10.5 percent overall increase to homeowners insurance rates in order to correct inadequate rates for wind-and-hail coverage, according to Richard Robertson, CEO of the state-run, last-resort insurer.

Although property and casualty insurers will benefit from rising prices in 2012, economic, regulatory and other challenges mean carriers will have to find other ways to generate growth during the year, according to a Deloitte report.

Plans by United Services Automobile Association to raise homeowners-insurance rates in Texas for the third time in the past 12 months, combined with similar rate increases by other insurers, boost the prospects of carriers in the state keeping pace with projected elevated claim costs, according to Moodys Investors Service.

Plans by United Services Automobile Association to raise homeowners-insurance rates in Texas for the third time in the past 12 months, combined with similar rate increases by other insurers, boost the prospects of carriers in the state keeping pace with projected elevated claim costs, according to Moodys Investors Service.

Countries prone to earthquakes, especially Japan, remain underinsured, reveals a new report from Swiss Re.

Countries prone to earthquakes, especially Japan, remain underinsured, reveals a new report from Swiss Re.