State Auto Financial Corp. says higher levels of catastrophes and large liability losses offset strong personal auto results and improvements in property lines.

The chairman of Progressive, once arrested in New Zealand for bringing small amounts of hashish and marijuana into the country, is looking to legalize medical marijuana in the insurer’s home state of Ohio, with an eye toward doing the same in other states.

Liam E. McGee, CEO of The Hartford Financial Services Group, says 2011 second-quarter catastrophe losses for the company may exceed the $200 million total the company was hit with in the 2010 second quarter.

Reinsurance brokerage firm Holborn says estimates of insured losses from the Tohoku, Japan earthquake and tsunami in March are off by as much as $23 billion.

Companies are operating with a false sense of security when it comes to cyber attacks, according to a new survey from Towers Watson.

Companies are operating with a false sense of security when it comes to cyber attacks, according to a new survey from Towers Watson.

Berkshire Hathaway Inc. is considering whether to pursue legal action against former company executive David Sokol, who was once thought to be among a handful of candidates to replace CEO Warren Buffett.

Allstate Corp.’s 2011 first-quarter profit soared on half as much catastrophe-related losses compared to this time a year ago—and capital gains instead of losses.