Personal Lines

Actuarially-based flood insurance rates scheduled to be phased in starting next year are unaffordable to Louisianas coastal residents, and could have a devastating impact on the states economy, the states insurance commissioner says.

Actuarially-based flood insurance rates scheduled to be phased in starting next year are unaffordable to Louisianas coastal residents, and could have a devastating impact on the states economy, the states insurance commissioner says.

Liberty Mutual Holding Company Inc. says 2013 second-quarter net income was $448 million, up by $309 million compared to the same period a year ago, as written premiums grew and underwriting results improved.

At a time when the reinsurance market is softening, Berkshire Hathaway Inc. says it is holding back reinsurance capacity until pricing improves.

A new hurricane model predicts that the U.S. will experience two hurricane landfallsone on the East Coast and one along the Gulf Coastin 2013. Meanwhile, CSU forecasters have reduced the number of hurricanes expected to form this year.

A new hurricane model predicts that the U.S. will experience two hurricane landfallsone on the East Coast and one along the Gulf Coastin 2013. Meanwhile, CSU forecasters have reduced the number of hurricanes expected to form this year.