Markets
Are MGAs Winning the Insurance Talent War?
With more than 1,000 managing general agents writing roughly $70 billion in direct premiums last year, researchers at Conning believe one growth driver is the fact that the MGA model attracts talent. ...
Personal Auto Results Slow to Recover; GEICO, Progressive to Pass State Farm
With an overall combined ratio in excess of 100 for the first time since 2017, private passenger auto joined homeowners in unprofitable territory last year, prompting carriers to respond with pricing ...
Wildfires in Europe: ‘Climate Change Affects Everyone’
Authorities across southern Europe battled on Sunday to control huge wildfires in countries including Spain, Greece and France, with hundreds of deaths blamed on soaring temperatures that scientists ...
The Latest ‘Endemic’: Log4j Software Vulnerability
A computer vulnerability discovered last year in a ubiquitous piece of software is an "endemic" problem that will pose security risks for potentially a decade or more, according to a new ...
Progressive Corp. Records Second-Quarter Loss
Progressive Corp. said Friday it recorded a loss of about $543 million for the second quarter 2022 and a loss of $436.7 million in June. To date, Progressive is in the red with a bottom-line net loss ...
How Electric Vehicle Weights, Stopping Distances Impact Auto Claims
Consumers in the U.S. are rapidly adapting to electric vehicles, a shift away from the internal combustion engine that may change auto insurance claim characteristics. CCC Intelligent Solutions said ...
$7T in Premiums, Continued Hardening and Inflation’s Silver Lining: Swiss Re
Swiss Re's economists predict "inflationary recessions" hitting major world economies over the next 12-18 months, and while recessions spell less insurance demand and inflation means higher claim ...
Florida’s UPC Insurance Exploring Sale or Merger
United Insurance Holdings Corp., parent company of one of Florida's largest property insurers—and one that has seen heavy losses in the last two years—announced that its board of directors is now ...