Personal Lines

Progressive could be the biggest beneficiary if increasing personal-lines rates trigger more shopping behavior among consumers, as the Mayfield Village, Ohio-based insurer typically gains share when rates rise, according to a Stifel Nicolaus report.

Progressive could be the biggest beneficiary if increasing personal-lines rates trigger more shopping behavior among consumers, as the Mayfield Village, Ohio-based insurer typically gains share when rates rise, according to a Stifel Nicolaus report.

Disintermediation wont be easy in the personal-lines market, at least among many of those who work with agents today, but direct buyers appear to be more open to purchasing through an intermediary, a Deloitte Research consumer survey indicates.

Britain and France are studying a proposed European Union ban on insuring tankers carrying Iranian oil to see how severe an impact it would have on trade with non-EU countries, British Foreign Secretary William Hague said on Tuesday.

Britain and France are studying a proposed European Union ban on insuring tankers carrying Iranian oil to see how severe an impact it would have on trade with non-EU countries, British Foreign Secretary William Hague said on Tuesday.

U.S. property and casualty insurers saw 2012 first-quarter net income soar by 69 percent as lower catastrophe losses helped drop the industrys combined ratio to 96, compared to 102 a year ago, according to a Moodys Investors Service analysis.