Personal Lines

State Farm says its after-tax 2012 net income grew to $3.2 billion, compared to $0.8 billion in 2011, due primarily to improved underwriting results.

New Yorks top insurance regulator said during a state Assembly hearing that Superstorm Sandy has highlighted the need for uniformity and clarity in property-insurance policies. He also vowed to examine anti-concurrent causation clauses.

Each year in the U.S., 1,200 tornadoes on average kill 60 people, injure 1,500, and cause roughly $400 million in damages, putting long-term average tornado losses on par with hurricanes, according to a new report by Lloyds of London.

In an effort to resolve outstanding non-flood-related insurance claims from Superstorm Sandy, New Yorks governor has established a mediation program and established new rules to speed the insurance-claims process.

In an effort to resolve outstanding non-flood-related insurance claims from Superstorm Sandy, New Yorks governor has established a mediation program and established new rules to speed the insurance-claims process.

Tower Group Cos. says it emphatically rejects allegations of unsatisfactory Superstorm Sandy claims-handling practices brought by New York.