Personal Lines

The Federal Insurance Office should studyU.S.rate and policy form regulation and use the federal governments foreign affairs powers to weigh in on international solvency issues, the American Insurance Association says in a comment letter.

An increasing emphasis on enterprise-risk management in the corporate world is reflected in the higher-education sector, with more courses and research exploring the concept at universities with established RM programs.

While insurance agencies in most parts of the country are enduring mighty tough times, some producers in North Dakota are so busy they have to turn away new business.

Progressive Corp. reports a 14 percent decrease in 2011 fourth-quarter net income and a 32 percent drop in December, compared to the same periods the year prior.

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.