Markets
Homeowners Insurance: Housing Shortage Collides With Wildfire Risk
Growth was clearly a theme running through fourth-quarter 2024 conference calls, although the message coming from companies was necessarily more nuanced where growth in homeowners (HO) insurance is ...
Polished Gem GEICO Fuels Berkshire Hathaway Operating Gains
The work that GEICO's CEO has done to "repolish" Berkshire Hathaway's "long-held gem" got a special shout-out in Berkshire Chair Warren Buffett's 2024 annual report to shareholders this weekend. ...
Viewpoint: The Recipe for Building a Successful MGA
The managing general agency model is attracting a number of ambitious underwriters keen to step away from established insurers to build nimble, specialized, and client-focused MGAs. For many, ...
Texas DOI Proposes Ban on Tying Auto and Home Policies
The Texas Department of Insurance (TDI) announced today that it is working to ban tying home and auto policies. The proposed insurance code modification would prohibit agents and insurers from tying ...
Notable Rating Actions This Week: Mercury General, Sentry’s The General
Among the ratings announcements from AM Best this week were those reacting to an uncertain California wildfire loss estimate and a Midwest personal lines acquisition. *** Mercury General's AM Best ...
Auto and Property Insurance Shopping Saw 20% Spikes in Q4 2024, Report Shows
Auto and property insurance shopping experienced 20 percent year-over-year increases in the fourth quarter of 2024, a new report shows. TransUnion's quarterly insurance trend and perspective report ...
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 ...
Data Insight: More Insurers Expect to Boost Top Lines Than Headcount
Continuing a trend that's persisted for several quarters, the latest Insurance Labor Market Study from Jacobson Group and Aon finds a big gap between the percentage of carriers expecting to boost top ...