Personal Lines

The impact of newer, actuarially sound National Flood Insurance Program rates will mostly be felt by lower- and moderate-income homeowners, and the new rates will not pay off the programs debts, a FEMA official said today.

This year could see fewer tropical systems gaining hurricane strength than in 2012, but a greater number of storms might intensify to Category 3 or higher, according to a recent forecast.

Florida Citizens Property Insurance Corp. is going back to offering some coverage it had recently pulled back on to reduce exposure.

The Hanover Insurance Group is sponsoring the Naismith Memorial Basketball Hall of Fames 2013 Class Announcement, the second time the property and casualty insurer has been involved with the sports award.

Kentucky has become the 11th state to permit drivers to use electronic versions of their insurance cards to show proof of coverage.

Large-scale weather events in the U.S. dominated insurance losses in 2012, pushing global insured claims for the year to $77 billion, says a report from Swiss Re.