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The most memorable news story of last month for me was one that we didn't report on in National Underwriter--the rescue of 33 Chilean miners.

The property and casualty industry has been through tough economic times, a slow recovery and "unparalleled" government expansion, but has "weathered the economic storm," an industry executive said here.

Rates for U.S. property and casualty commercial insurance policies were down an average of 4 percent during September, with the most competitive pricing for accounts over $1 million in premium.

The acquired assets include Target Insurance Services, Garden State Insurance Services and Florida Liability Assurance Group.

The average U.S. property and casualty rate decrease was 4 percent during September, with the most competitive rates for accounts over $1 million in premium, according to MarketScout.

Roseland, N.J.-based insurance wholesaler Crump Group announced its subsidiary, Crump Property & Casualty Insurance Services, has acquired Target Underwriting Management Corporation.

U.S. property and casualty insurers--especially those in the personal lines market--operate in a tough environment.

Two industry analysts will discuss how technology can help improve auto claim customer satisfaction levels in a webinar being hosted by Claims Magazine next week, Oct. 5, 2010, at 2pm ET.