Commercial Lines

Massachusetts Insurance commissioner Joseph G. Murphy said the insurance industry, as it has repeatedly, responded well to the terrorist bombings during the Boston Marathon earlier this year.

Massachusetts Insurance commissioner Joseph G. Murphy said the insurance industry, as it has repeatedly, responded well to the terrorist bombings during the Boston Marathon earlier this year.

State Auto Chairman and CEO Robert P. Restrepo has been elected Board Chair of the Property Casualty Insurers Association of America.

While the role the U.S. will play in new global-regulatory proposals remains uncertain, the threat of additional layers of restrictive guidelines is a very real threat, says David Sampson, CEO of the Property Casualty Insurers Association of America.

The property and casualty industry posted its first half-year underwriting profit since 2007 and saw net income and pretax operating income increase by 65 percent and 40 percent respectively compared to 2012s first half, a new report states.

While the role the U.S. will play in new global-regulatory proposals remains uncertain, the threat of additional layers of restrictive guidelines is a very real threat, says David Sampson, CEO of the Property Casualty Insurers Association of America.