Commercial Lines
AmFam Reports Underwriting Profit for 2024
After two years of combined ratios over 110, American Family Insurance reported an underwriting profit in 2024—with a 96.6 for the year for all property/casualty lines it writes. The improvement ...
Liberty Mutual to Sunset Safeco Brand in 2026
Safeco Insurance will stop being a brand name in 2026, and Liberty Mutual Insurance will sell all of its personal lines products under the Liberty Mutual name. Safeco has been Liberty Mutual's brand ...
Introducing Berkley Embedded
W.R. Berkley Corporation announced the formation of Berkley Embedded Solutions on Monday—a business focused on delivering tailored insurance products and services to customers at the point of ...
Trump’s Threat to EV Trucking Rules Undermines Big-Rig Bets
Two years ago, Rudy Diaz made a gutsy bet. The 45-year-old owner of Hight Logistics, a trucking company that hauls containers from the bustling ports around Los Angeles, began adding some of the ...
Bill Aims to Drive Down NYC Taxi Drivers’ Insurance Costs. But Will It?
The New York City Council's transportation committee heard testimony last Monday on a proposal to lower the Personal Injury Protection (PIP) insurance coverage requirement for for-hire drivers from ...
Surplus Lines Premium Growth Slowed to 12% in 2024
The excess and surplus lines market continued to grow in 2024, with premium reaching more than $81 billion, according to annual reports from 15 state stamping offices released by the Wholesale & ...
Uber Alleges Fraud Scheme by New York Groups Faking Car-Crash Injuries
Late last month, ridesharing giant Uber Technologies Inc. filed a racketeering lawsuit against a group of law firms, doctors and pain-management clinics it claims staged fake car accidents and ...
Global Commercial Insurance Rates Drop in Q4 for 2nd Consecutive Quarter: Marsh
Global commercial insurance rates fell 2 percent in the fourth quarter of 2024 following a 1 percent decline in Q3 2024 — marking the second consecutive quarterly decrease following seven years of ...