Markets
Progressive’s Margins Leave Room for Tariff Impacts; Others Ready Too
With its 2024 combined ratio falling comfortably more than 7 points below a targeted level of 96, Progressive has room to deal with the impacts of tariffs on car repair and replacement costs, the ...
Texas Lawsuit Alleges GEICO Ignores Accident Forgiveness Promise
A class action lawsuit filed in Texas alleges GEICO doesn't abide by its Accident Forgiveness program when a driver with an unblemished record gets into a first, at-fault accident. Texas resident ...
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 ...
An Insurance Journalist’s Perspective on Southern California’s Wildfires
PART ONE OF A TWO-PART SERIESIt was pitch black in the house and the power was off. The Santa Ana winds were howling. As planned, my ...
Estimated No. of Vehicles Destroyed in California Wildfires Tallied
Newly released CARFAX data estimates that the destructive wildfires in Southern California destroyed up to 6,300 vehicles earlier this year. "It's heart-wrenching to witness the scale of destruction ...
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 ...
Four States See Increase in Auto Insurance Liability Limits in 2025
New legislation enacted in four states ups the amount of liability insurance required to operate a vehicle, according to AIS Insurance Specialists. California increased its minimum insurance ...
State Farm Stronger as Underwriting Losses Shrink—But Not in California
After reporting a $13 billion underwriting loss in 2022 and $14 billion in 2023, State Farm recorded another underwriting loss last year—but the total for 2024 was less than half of those prior ...