Fewer Miles Driven Means Less Costly Insurance? PCI Says Don’t Count on It (8/19/2008)

High gas prices have dramatically decreased the amount of driving done by Americans – but that does not mean that auto insurance rates should go down... Full Story

Insurance Jobs Rise Even as Total Employment Continues to Suffer (8/5/2008)

U.S. insurance industry payrolls added 2,800 positions from June to July, even as total U.S. nonfarm payrolls declined for the seventh consecutive month and the unemployment rate spiked, according to seasonally adjusted data released August 1 by the U.S. Bureau of Labor Statistics... Full Story

Florida Buys a Quarter-Billion in Cat Reinsurance From Warren Buffett (8/5/2008)

Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund... Full Story

Study Shows Buyer Satisfaction Better When Local Agent Plays a Role (7/22/2008)

A new industry study says that buyers who purchase their auto insurance policies through local agents give significantly higher average satisfaction scores compared with those who purchase policies from call center representatives or via Internet channels... Full Story

P/C Cat Losses for Q2 Double to $6 Billion (7/22/2008)

U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, which is nearly double the number of catastrophes in the first quarter... Full Story

Home Burglaries Can Spike As People Head Off On Vacation (7/22/2008)

As you get ready for your summer vacation, burglars may be hard at work planning to take advantage of your unoccupied house; fortunately, there are simple precautions you can take to safeguard your home... Full Story

Pennsylvania Senate Finally Approves Ario as Insurance Commissioner (7/8/2008)

A year after he was nominated by Gov. Ed Rendell, the Pennsylvania Senate has finally voted unanimously to approve Joel Ario as the state’s insurance commissioner... Full Story

P/C Industry Income and Profitability Drop by Half in Q1 2008 (7/2/2008)

The U.S. property/casualty insurance industry’s net income after taxes fell to $8.2 billion in first-quarter 2008 from $16.2 billion in first-quarter 2007 and a cyclical peak of $17.7 billion in first-quarter 2005... Full Story

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