Mercury General Corp. is leaving the Florida homeowners market by the end of 2012—a decision driven by significant underwriting losses from sinkhole claims.

Reforms enacted seven years ago in Tennessee have helped to stabilize total costs per claim, according to a study by the Workers Compensation Research Institute.

Catastrophe modeler AIR Worldwide estimates insured losses from a massive winter storm earlier this month to be between $790 million and $1.4 billion.

New Connecticut Gov. Dannel Malloy chose the chief executive of an investment advisory and banking firm to head the Department of Insurance.

Bermuda-based OneBeacon Insurance Group Ltd. said fourth quarter net income fell to $23 million compared to $72 million for the same period in 2009.

Snow and ice from Texas and Oklahoma, up through Chicago and on to the Northeast is sure to cause millions of dollars in insured losses. The only question is how many millions?

Catastrophe modeler AIR Worldwide said insured losses from Cyclone Yasi in Australia will be between $354 million and $1.5 billion.

Aon Benfield said economic damages from flooding in Australia during the month of January currently stand at about $5.65 billion and economic losses could reach between $10 billion and $20 billion after the cost of repairing and rebuilding.