Personal Lines
IRC Study Finds More Auto Injury Claimants Hiring Attorneys
A new study from the Insurance Research Council (IRC) found that the percentage of auto-related personal injury protection (PIP) claimants represented by attorneys rose to 36 percent in 2012—up ...
Guy Carpenter: July 1 Renewal Rates Declined on Many Fronts
Insurance policy renewals as of July 1 declined by double digits in a number of lines and regions around the world, Guy Carpenter reported in a July 7 update. The market assessment echoes those made ...
Study Explains How Drilling Wastewater Causes Oklahoma Quakes
A new study explains how just four wells forcing massive amounts of drilling wastewater into the ground are probably shaking up Oklahoma. Those wells seem to have triggered more than 100 ...
Okinawa At Risk as Super Typhoon Neoguri Nears Japan
High winds, crashing waves and a dangerous storm surge may strike Okinawa, including its capital Naha, as Super Typhoon Neoguri nears Japan. Neoguri carried maximum sustained winds of about 150 miles ...
At Least 5 Die in Quake That Struck Mexico and Guatemala
An early morning earthquake centered in southern Mexico killed at least five people, damaging homes and blocking some roads in neighboring Guatemala. A 6.9 magnitude earthquake struck along the ...
Private Insurers Taking to South Carolina Coast
More private insurers are selling wind coverage to South Carolina coastal property owners, leading to a decline in the population of the state's windpool. The South Carolina Wind and Hail ...
Thousands in Canada Lose Power After Arthur’s Atlantic Tantrum
Crews were working to bring back electricity to thousands of homes in Atlantic Canada Sunday after post-tropical storm Arthur swept through the area. More than 130,000 customers of New Brunswick ...
Progressive Boosts Ad Spending, But GEICO Still #1: SNL
Progressive Corp. boosted its advertising spending by nearly $70 million year over year to $595.4 million in 2013, the largest aggregate dollar increase among all U.S. property/casualty insurers, ...