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The insurance industry is financially prepared to pay the claims that may arise out of significant natural disasters in 2013 and beyond, said Dr. Robert Hartwig, economist and president of the Insurance Information Institute, looking ahead at a possibly perilous hurricane season.

In a mixed month for insurance-industry employment, P&C carries added 1,100 jobs in May while agents and brokers shed jobs for the sixth straight month, albeit at a slower rate.

Insurers first-quarter underwriting income was $4.6 billion compared to a net loss on underwriting of $100 million during the same time in 2012.

California auto insurance buyers are paying less for coverage than they were two decades ago while rates rose substantially for the rest of the country, says the Consumer Federation of America.

California auto insurance buyers are paying less for coverage than they were two decades ago while rates rose substantially for the rest of the country, says the Consumer Federation of America.

Property and casualty insurers shed 1,400 jobs in April compared to March, an unusual occurrence that bucks the recent trend of employment gains for April, according to Insurance Information Institute President Robert Hartwig.

Despite 10 of the 12 costliest storms for insurers occurring within the last decade, industry expertsstaring in the face of yet another predicted above-average hurricane seasonsay insurers are prepared.

Property and Casualty carriers added 900 jobs in March -- a month that saw employment shrink in most other sectors of the insurance industry, according to an analysis of the latest figures from the U.S. Labor Departments Bureau of Labor Statistics.