News

Louisiana Citizens Property Insurance Corp. has proposed a 10.5 percent overall increase to homeowners insurance rates in order to correct inadequate rates for wind-and-hail coverage, according to Richard Robertson, CEO of the state-run, last-resort insurer.

John Cavanagh was named chief executive officer of Willis Re, the reinsurance broking arm of Willis Group Holdings, the firm announced today.

Transatlantic Holdings Inc. leads the latest group of insurers reporting losses related to the flooding in Thailand, with an expected $72 million hit to fourth-quarter results.

Progressive Insurance announced it is offering mobile quoting and selling capabilities to its more than 35,000 independent agents through the carriers agency-dedicated Web site, ForAgentsOnly.com. The site is now accessible from tablets, so agents can quote and sell personal passenger auto insurance anywhere, anytime.

Progressive Insurance announced it is offering mobile quoting and selling capabilities to its more than 35,000 independent agents through the carriers agency-dedicated Web site, ForAgentsOnly.com. The site is now accessible from tablets, so agents can quote and sell personal passenger auto insurance anywhere, anytime.

A proposal by federal-housing regulators to bar housing practices with a potential discriminatory effect would force home insurers to stop using risk-based underwriting factors, the National Association of Mutual Insurance Companies says in a comment letter.