Personal Lines

Minnessota, Connecticut and Maryland residents experience the highest premium increases on homeowners policies after paying one claim.

Property and casualty insurers results improved sharply in 2013s first half compared to the same time a year ago, and the industry remains financially strong, but economic pressures mean carriers must achieve stronger underwriting results than in the past to remain profitable, a new analysis shows.

A month before its annual meeting in Boston, the Property Casualty Insurers Association of America has lost a key member from the same city.

Residential policies need to be simplified because customers are confused about what their policies protect, said Benjamin Lawsky, superintendent of New Yorks Department of Financial Services, in an exclusive interview with Bloomberg.

A federal court in Miami has cleared the way for final action in a force-placed insurance lawsuit against J.P. Morgan Chase that is consistent with the emerging belief that federal courts are going to come down harshly on the side of consumers in FPI litigation.

New York State commenced a new program that will reimburse homeowners for damage caused by sliding earth and soil due to recent storms and hurricanes, Governor Andrew M. Cuomo announced on Saturday.