Personal Lines

Floridas denial of QBEs rate request for force-placed insurance business could impact the companys competitor, Assurant, and have a broader impact across the country, says a financial analyst.

A round of storms in late June and early July has amounted to the third costliest insurance event in Ohio history with estimated insured losses of at least $433.5 million.

A round of storms in late June and early July has amounted to the third costliest insurance event in Ohio history with estimated insured losses of at least $433.5 million.

Despite rising rates and second-quarter performance that met or beat estimates for most insurers, the outlook for the industry is considered challenging, according to one analyst firm, as loss trends are picking up in personal lines and investment income is worsening across the industry.

A hardening market and exposure growth in Nationwides commercial lines segment has led to a 19 percent growth in policy sales during the first half of 2012.

Regulators promised to delve more deeply into lender-placed insurance, saying there may need to be more regulation of that line of business.