Personal Lines

Fidelity National Financial Inc , the No. 1 U.S. property title insurer, said it will sell an 85 percent interest in its personal lines business to WT Holdings for about $119 million.

Insured losses from Australias catastrophe-filled 2011 have now topped $4.3 billion, according to the Insurance Council of Australia.

Now that 2011 is coming to a close, PC360 updates and revisits its list of top natural catastrophes of 2011.

American International Group Inc. (AIG) Chief Executive Officer Robert Benmosche has told the company he wants to keep leading it beyond next year.

If U.S. property and casualty insurers do not manage capital and maintain underwriting discipline after the many profit-draining factors the industry faced during the first nine months of 2011, some companies could feel the pressure of ratings downgrades, says insurance rating agency A.M. Best Co.

In what may amount to a little holiday reprieve for Allstate agents, the company says it will not cut base commissions as deeply as it originally announced, but the head of an agents group says the rank and file is still not pleased with the companys move.