Personal Lines

It has been a rough decade for regional insurers, as a Fitch Ratings performance review of the last decade shows regionals lagging behind other types of insurers in two key metrics.

Louisiana Citizens Property Insurance Corp. says it has settled 85 percent of the more than 17,000 claims it received from Hurricane Isaac, the fastest it has settled so many claims after a significant loss event in its history.

Property and casualty insurers saw their six-month streak of employment gains broken in August, as the sector shed 1,200 jobs in the month compared to July.

Progressive says its net income for the first nine months of this year is down by 14 percent, or $106 million, to $653 million.

Progressive says its net income for the first nine months of this year is down by 14 percent, or $106 million, to $653 million.

Mobile-home owners in Florida insured by the states residual property insurer will see rates rise by an average of 0.3 percent, the states Office of Insurance Regulation said late yesterday.