Personal Lines

The regulatory scrutiny that followed the financial crisis is forcing insurance CEOs to spend an inordinate amount of time on compliance to solve problems that do not exist and satisfy regulators who dont understand the industry, according to Hanover Insurance Groups chief executive.

The regulatory scrutiny that followed the financial crisis is forcing insurance CEOs to spend an inordinate amount of time on compliance to solve problems that do not exist and satisfy regulators who dont understand the industry, according to Hanover Insurance Groups chief executive.

Drivers who file an auto insurance claim will see their rates climb by an average of 38% nationwide, while those who file two claims within a 12-month period can expect to pay nearly twice as much as claim-free drivers, a new report says.

Drivers who file an auto insurance claim will see their rates climb by an average of 38% nationwide, while those who file two claims within a 12-month period can expect to pay nearly twice as much as claim-free drivers, a new report says.

The market share of Citizens Property Insurance Corporation, Louisianas insurer of last resort, is estimated to shrink to under 3% for the first time in six years following a seventh round of depopulation in 2014.

The market share of Citizens Property Insurance Corporation, Louisianas insurer of last resort, is estimated to shrink to under 3% for the first time in six years following a seventh round of depopulation in 2014.