Personal Lines

Insurers will have to pay out up to $1.75 billion in claims after the storm that swept through northern Europe in late October, broker Willis Re estimates.

American International Group president and CEO Robert H. Benmosche has tried to tamp down expectations AIG set for 2015 when it offered stock to the public again in May 2011.

As the anniversary of Superstorm Sandys Oct. 29, 2012 landfall passes, New Jersey lawmakers are rightly considering whether New Jersey law offers sufficient protection to insurance policyholders subject to undue delay, underpayment or unjustified denial of their insurance claims.

American International Group reported slightly higher net income in the third quarter and said its P&C pre-tax operating income grew 33 percent to $1.0 billion due to improved underwriting results.

Agents and brokers showed strong employment gains in August for the third straight month after enduring employment losses in each of the six months prior.

State Auto Financial Corp. returned to the black with third-quarter net income of $18.5 million while Selective Group booked a 44 percent increase in profit.