Personal Lines

Eqecat has named a new president to replace Bill Keogh, who is leaving to pursue another insurance-related opportunity.

Congress is coming under renewed pressure from both state and federal legislators to reduce the cost of flood insurance and provide greater subsidies for the National Flood Insurance Program.

Superstorm Sandy will likely become the third-costliest hurricane in U.S. insurance history, but when examining historical storms using todays dollars and exposures, Sandy would fall to the 12th costliest storm, says the Insurance Information Institute.

Florida Insurance Commissioner Kevin McCartys office has filed an appeal to stop a temporary injunction of certain provisions within what the insurance industry had called the most significant auto insurance law in decades.

Assurant, Inc. has agreed to implement reforms and refund $14 million to New Yorkers who were required to buy force-placed homeowners insurance.

Personal-auto insurers have continued to implement rate increases to counter weakness in the segments performance over the last several years, but unusual catastrophe losses and rising claim severity prevented strong improvement in underwriting performance for 2012, says Fitch Ratings.