U.S. insurers saw their collective net income jump by 50 percent in 2012 compared to 2011, and this year the industry looks as if it will benefit from some favorable trends in both the insurance market and the economy at large, even as it deals with some familiar challenges, according...

In the wake of President Barack Obamas cybersecurity executive order, accounting and advisory firm Baker Tilly Virchow Krause, LLP has provided a timeline for the adoption of the plans various elements.

Personal-lines pricing was more competitive in February than in recent months prior, but rates were still up by 3 percent compared to the same month a year ago, according to MarketScout.

Commercial-insurance rates were up by 4 percent in February compared to the same month a year ago, but different industry classes led the charge on increases compared to months prior, according to MarketScout.

Commercial-insurance rates were up by 4 percent in February compared to the same month a year ago, but different industry classes led the charge on increases compared to months prior, according to MarketScout.

State Farm says its after-tax 2012 net income grew to $3.2 billion, compared to $0.8 billion in 2011, due primarily to improved underwriting results.

State Farm says its after-tax 2012 net income grew to $3.2 billion, compared to $0.8 billion in 2011, due primarily to improved underwriting results.

Insurance agency mergers and acquisitions hit an all-time high in 2012, a recent study shows, with 291 transactions in the U.S. and Canada.