Personal Lines

Typhoon Nanmadol weakened to a tropical depression after hitting Taiwan on its way to Chinas east coast, and catastrophe modeler Eqecat estimates the storm caused between $200 million and $500 million in insured losses for Taiwan.

Bermuda-based OneBeacon Insurance Group, Ltd. says it will sell its AutoOne business to Interboro Holdings, Inc.

Bermuda-based OneBeacon Insurance Group, Ltd. says it will sell its AutoOne business to Interboro Holdings, Inc.

Two rating agencies say the property and casualty insurance industry can handle losses from Hurricane Irene, but question whether more losses this hurricane season could change that scenario.

Two rating agencies say the property and casualty insurance industry can handle losses from Hurricane Irene, but question whether more losses this hurricane season could change that scenario.

Catastrophe modeler Eqecat says the U.S. can expect $1.5 billion to $2.8 billion in insured losses from Hurricane Irene.

Tropical Storm Katia is expected to become the Atlantic seasons second hurricane over the next 36 hours, but it not yet know what impact, if any, the storm will eventually have on the U.S. East Coast.

Personal lines insurers capital strength and core underwriting earnings power should offset challenges posed by natural catastrophes; high-frequency, low-severity weather events; and the very competitive nature of the market, according to Moodys Investors Service.