Mississippi Insurance Commissioner Mike Chaney has won re-election with more than 60 percent of the vote.

State Auto Financial Corp.s chief executive says the insurer will seek 20 percent price increases in 2012 in order to keep up with historic loss trends and the company is turning to the reinsurance market for a quota share treaty.

State Auto Financial Corp.s chief executive says the insurer will seek 20 percent price increases in 2012 in order to keep up with historic loss trends and the company is turning to the reinsurance market for a quota share treaty.

Progressive Chief Executive Officer Glenn Renwick said the take-up rate for its Snapshot product is very good and the overall retention is up meaningfully, exceeding the auto insurers estimates.

Progressive Chief Executive Officer Glenn Renwick said the take-up rate for its Snapshot product is very good and the overall retention is up meaningfully, exceeding the auto insurers estimates.

Florida-based Homeowners Choice Property & Casualty Insurance Co. could double in size after purchasing troubled insurer, HomeWise Insurance Co.

Florida-based Homeowners Choice Property & Casualty Insurance Co. could double in size after purchasing troubled insurer, HomeWise Insurance Co.

Third-quarter net income at Warren Buffets Berkshire Hathaway fell about 24 percent to $2.28 billion on more than $2.4 billion in losses on derivatives.