State Farm said it posted an underwriting loss in its auto insurance business of $2.8 billion in 2010, but improvement in the property and casualty segment overall drove a 200 percent increase in net income for the year.

National Underwriter is seeking entries for its fifth annual “Award For Excellence In Workers’ Compensation Risk Management,” sponsored by the National Council on Compensation Insurance.

The Texas Department of Insurance said that allowing the Texas Windstorm Insurance Association to continue operating would be hazardous to the public and the last resort insurer’s policyholders.

A House hearing has been scheduled for March 9 on the status of the National Flood Insurance Program amid signs that legislation reauthorizing the program that passed the House last year will soon be re-introduced—albeit with some changes sought by the industry.

The antics of major Hollywood actor Charlie Sheen have resulted in the cancellation of a multimillion-dollar production and put an entire cast and crew out of work, begging the question: Can this actor still be insured?

Governor Chris Christie signed into law legislation that enables New Jersey to license and regulate captive insurance companies, creating a new industry in the state.

While American International Group reported a 2011 fourth-quarter net profit of more than $11 billion, its property and casualty subsidiary Chartis came in with an underwriting loss of $5.2 billion, primarily because of its reserve charge.

Losses from a magnitude 6.3 earthquake that struck Christchurch, New Zealand Feb. 21 (Feb. 22 local time) could total as much as $12 billion, according to one estimate cited in a note to clients from a JP Morgan Chase & Co. analyst.