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Over and over again, one word prevails in discussions about rate increases in 2013: modest.

For property and casualty insurers, 2012 was looking like it would be a banner year, until Superstorm Sandy struck, say commentators. But the industry's net income after taxes still grew to $27 billion in the first nine months of the year, compared to $8.4 billion in 2011.

Average auto insurance premium and expenditure rates rose by less than 1 percent in 2010 from the previous two years, with Louisiana and Washington D.C. holding the top spots for the most expensive states to insure a car, according to the National Association of Insurance Commissioners latest figures.

Under which president did the insurance industry perform best? What about worst? Does a president's political party matter when it comes to the industry's profitability? Click to see the breakdown of the industry's performance under different presidential administrations.

Under which president did the insurance industry perform best? What about worst? Does a president's political party matter when it comes to the industry's profitability? Click to see the breakdown of the industry's performance under different presidential administrations.

While an analyst recently said infrastructure damage from Sandy could push losses above current estimates, industry experts say most infrastructure is not privately insured.

Agent and broker employment in September experienced an expected decline, but the size of the drop was unusual, according to Insurance Information Institute President Robert Hartwig.

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.