Personal Lines

Hurricane Paul weakened as it closed in on a sparsely populated area of Mexico's Baja peninsula on Tuesday, while Hurricane Rafael was expected to miss Bermuda in the Atlantic, the U.S. National Hurricane Center said.

It has been a rough decade for regional insurers, as a Fitch Ratings performance review of the last decade shows regionals lagging behind other types of insurers in two key metrics.

It has been a rough decade for regional insurers, as a Fitch Ratings performance review of the last decade shows regionals lagging behind other types of insurers in two key metrics.

Louisiana Citizens Property Insurance Corp. says it has settled 85 percent of the more than 17,000 claims it received from Hurricane Isaac, the fastest it has settled so many claims after a significant loss event in its history.

Property and casualty insurers saw their six-month streak of employment gains broken in August, as the sector shed 1,200 jobs in the month compared to July.

Progressive says its net income for the first nine months of this year is down by 14 percent, or $106 million, to $653 million.