A bill prohibiting specific uses of funds from the Maryland Automobile Insurance Fund may not have been acted upon this year, but the anger by state legislators is likely to result in the matter being revisited in the next General Assembly session.

Noting heavy snow and rainfall in the Northeast and mid-Atlantic, Selective Insurance reported $24 million in catastrophic losses for the first quarter, but also saw gains of more than 100% in its net and operating income.

Harleysville Insurance’s back-to-basics approach appears to be working, according to the company’s chief executive.

Life and property-casualty insurers have recovered greatly from the ground it lost in the recession, according to a new analysis.

Property-casualty insurers will need to raise rates as their combined ratios approach 110, according to the chairman and chief executive of CNA.

Eastern Insurance Holdings reported net income for the fourth quarter of $2.7 million, marking a turnaround from its $18.4 million in net losses reported for the same period in 2008.

Private U.S. property-casualty insurers saw a partial rebound in their net income after taxes for the first nine months of last year when compared to 2008, but still lagged when compared with 2007.

Property-casualty insurers, faced with a limited reserve cushion, will likely need to choose between raising rates or allowing their combined ratios rise, according to an analysis.

Insurers have largely harvested the …  Read →

The combined ratio for the total U.S. property-casualty sector was 0.8 points higher in the first quarter of this year than the same quarter last year.

The combined ratio was 100.6, …  Read →