Commercial Lines

State Auto Financial Corp.s chief executive says the insurer will seek 20 percent price increases in 2012 in order to keep up with historic loss trends and the company is turning to the reinsurance market for a quota share treaty.

A New England-based online cluster is partnering with a technology based pay-as-you-go Florida vendor to launch a new workers compensation program that will benefit 95 independent agencies and their customers.

Insurance fee income for bank holding companies set a new record in the second quarter of this year, rising more than 9 percent, according to the Michael White-Prudential Bank Fee Income Report.

Moody's says the freak late-October nor'easter that dumped snow in the Northeast is expected to be a major capital or credit event for the property and casualty insurance industry.

Liberty Mutual Group reported a third-quarter loss of more than $100 million on the combination of catastrophe losses and reserve increases related to asbestos liabilities.

A 5.6 magnitude earthquake struck in Oklahoma late on Saturday evening, the U.S. Geological Survey said, and there were reports of damage in a county just east of Oklahoma City.