Personal Lines

Florida Insurance Commissioner Kevin McCarty says fraud and abuse in the states personal injury protection insurance system is largely to blame for a 70 percent increase in PIP claims paid since 2008.

Florida Insurance Commissioner Kevin McCarty says fraud and abuse in the states personal injury protection insurance system is largely to blame for a 70 percent increase in PIP claims paid since 2008.

Progressive says its July net income dropped 55 percent over the same period last year on $23 million in catastrophe losses.

Florida CFO Jeff Atwater has appointed Nancy Baily and Rob Wallace to the board of governors for Citizens Property Insurance Corp.

Proposed changes to New Jerseys personal injury protection coverage would benefit insurers from a credit perspective as reforms would reduce legal expenses and clarify medical reimbursement for specific injury types, according to Moodys.

National Association of Professional Allstate Agents are now sending in the last votes to decide if they will affiliate and form a guild with the Office and Professional Employees International Union.

The Association of British Insurers says it expects insured losses of more than 200 million pounds from claims connected to the rioting and looting in London and other cities recently.

Auto insurer Progressive Corp. says its second-quarter net income rose 16 percent to $245.2 million as net premiums written increased 3 percent during the same time.