A majority of industry leaders at the Property/Casualty Insurance Joint Industry Forum said they expect an improvement in personal auto and homeowners insurance profits this year, but many more — such as The Hartford's Liam E. McGee, left, — believe improvements are not coming in workers’ compensation or commercial lines....

Tort costs dipped 2.7 percent in 2009 but are expected to grow over the next two years as the gross domestic product grows, said Towers Watson.

American International Group said it expects to close on its recapitalization plan and will issue about 75 million warrants to shareholders later this month.

The planned revisions of a catastrophe model could cause interesting changes to the way the industry prices its property insurance, according to executives at the Property and Casualty Insurance Joint Industry Forum in New York City.

Discrimination charge filings in the workplace approached “an unprecedented” 100,000 during the fiscal year 2010.

USAA is looking to drop wind coverage from certain policyholders living in Mississippi’s three coastal counties.

A two-year investigation by the California Department of Insurance’s Fraud Division has resulted in the arrest of 20 people allegedly involved in a Los Angeles-area auto insurance fraud ring that cost insurers more than $1 million.

In a note to investors, a J.P. Morgan analyst said losses to the insurance industry due to extreme flooding in Australia stand at an estimated $1 billion.