Personal Lines

State Auto Financial Corp.s chief executive says the insurer will seek 20 percent price increases in 2012 in order to keep up with historic loss trends and the company is turning to the reinsurance market for a quota share treaty.

State Auto Financial Corp.s chief executive says the insurer will seek 20 percent price increases in 2012 in order to keep up with historic loss trends and the company is turning to the reinsurance market for a quota share treaty.

Progressive Chief Executive Officer Glenn Renwick said the take-up rate for its Snapshot product is very good and the overall retention is up meaningfully, exceeding the auto insurers estimates.

Progressive Chief Executive Officer Glenn Renwick said the take-up rate for its Snapshot product is very good and the overall retention is up meaningfully, exceeding the auto insurers estimates.

Florida-based Homeowners Choice Property & Casualty Insurance Co. could double in size after purchasing troubled insurer, HomeWise Insurance Co.

Florida-based Homeowners Choice Property & Casualty Insurance Co. could double in size after purchasing troubled insurer, HomeWise Insurance Co.

Moody's says the freak late-October nor'easter that dumped snow in the Northeast is expected to be a major capital or credit event for the property and casualty insurance industry.

Liberty Mutual Group reported a third-quarter loss of more than $100 million on the combination of catastrophe losses and reserve increases related to asbestos liabilities.