Personal Lines

European insurers, on the front line of the region's sovereign debt crisis because of their big exposure to distressed Italian bonds, will be forced to share losses with customers and rely on regulators to be lenient if Italy reneges on its debt.

More than $2 billion in weather-related losses, and mark-to-market losses in investments, drove a third-quarter net loss of $852 million at Nationwide.

German insurer Allianz SE saw third quarter profits sag $350 million from $1.73 billion the year before because of investment losses and Greek bond writedowns from Europe's debt crisis.

German insurer Allianz SE saw third quarter profits sag $350 million from $1.73 billion the year before because of investment losses and Greek bond writedowns from Europe's debt crisis.

Showing rate increases/decreases were flat for the month, MarketScouts October barometer provides further evidence of the soft market making a turnaround. One insurance-broker executive says he believes the industry is actually primed for an increase in demandalthough likely in areas outside the traditional property and casualty arena.

If a homeowner's pet tiger gets loose and attacks a neighbor, is there coverage?