Florida Gov. Rick Scott has signed what the insurance industry is calling the most significant auto insurance law in decades.

Florida Gov. Rick Scott has signed what the insurance industry is calling the most significant auto insurance law in decades.

Driven by profits in all core business unitsespecially its property and casualty insurance unitAmerican International Group Inc.s first-quarter net income climbed more than 147 percent.

Driven by profits in all core business unitsespecially its property and casualty insurance unitAmerican International Group Inc.s first-quarter net income climbed more than 147 percent.

State Auto Financial Corp. reports a $2 million net loss for the first quarter, but it could have been worse.

Liberty Mutual has restructured its reinsurance program to be better prepared for storms, according to its president and CEO.

Bermuda insurers and reinsurers report strong first-quarter earnings relative to a year ago, with several swinging back into the black after reporting Q1 losses in 2011.

Rates for primary Directors & Officers Liability insurance programs for public companies in Q1 2012 were up an average of nearly 1.5 percent, after decreasing an average of about 4.3 percent in 2011.