Personal Lines

The third named storm of the Pacific hurricane season made landfall in Mexico over the weekend, but modeler AIR Worldwide says it does not expect large insured losses from the event.

Insurance companies may pay as much as $2 billion on claims from the deep dents and broken glass to vehicles following a massive hail storm in Dallas, according to the Southwestern Insurance Information Service.

Insured losses from a Texas hail storm June 13 could be higher than the $400 million in losses estimated from early April tornadoes in the Dallas-Fort Worth area.

Iowas governor has chosen Nick Gerhart, an executive with a financial services group, to be the states next insurance commissioner.

Auto-insurer Progressive Corp. says May net income fell 41 percent on a drop in total comprehensive income.

The CEO of a managing general agent that specializes in Alaska commercial programs has been named the next president of Florida's state-run insurer.