Personal Lines

Montpelier Re Holdings Ltd. estimates its third-quarter catastrophe losses will stand at around $60 million before taxes, and along with other carriers, reported cat insurance losses are well over $500 million for the past two weeks.

Its easy to understand why an insurer with a less-sophisticated rate structure might see imitation ratemaking as a convenient solution. But it has many costs and considerable business risks.

Hurricane Jova flooded the streets of Mexico's main Pacific port with torrential rain on Wednesday, inundating popular beach resorts and killing at least four people in mudslides.

Mayfield Village, Ohio-based auto insurer Progressive reports net income for September was down 6 percent and down 42 percent for the quarter compared to the previous year.

Mayfield Village, Ohio-based auto insurer Progressive reports net income for September was down 6 percent and down 42 percent for the quarter compared to the previous year.

Risk Management Solutions revised catastrophe model has already been mentioned as a reason for insurers rate increases for some property risks, but how are brokers and insureds handling the news that premiums are going up, in part due to a model revision?

Cincinnati Insurance Companies and Selective Insurance Group collectively report close to $200 million in catastrophe losses for the third quarter of this year, a significant portion of which was cause by Hurricane Irene.

Oct. 12 (AP) Hurricane Jova slammed into Mexico's Pacific coast as a Category 2 storm early Wednesday, swamping beach towns and causing floods in the mountains above.