Personal Lines

Progressive Corp. says its November 2012 net income declined 38 percent relative to the same month a year ago to $77.7 million, despite net premiums written increasing by 5 percent.

In an incredibly candid revelation, former carrier CEO and current agency head Dave Thomas shares all he has learned about how insurers are missing the boat when it comes to meeting the needs and expectations of their agency partners.

The chairman of the Senate Banking Committee today hedged when asked whether he would support a 50 percent increase in the borrowing authority of the National Flood Insurance Program.

The Hartford and Hanover Insurance Group released their Superstorm Sandy loss estimates today, with both estimates reaching to dollar figures in the hundreds of millions.

Insurance-industry officials this weekend voiced strong support for the Obama administrations request to raise the National Flood Insurance Programs borrowing authority by 50 percent.

The borrowing authority for the National Flood Insurance Program would be increased 50 percent, to $30.4 billion, as part of a Superstorm Sandy supplemental budget request submitted to Congress by the Obama administration late Friday.