Markets
Personal Auto Insurance Could Be Obsolete in 20 Years: Morningstar
Self-driving cars could make personal auto insurance largely obsolete within 20 years, according to a worst-case scenario modeled by Morningstar. A more likely, moderate scenario forecasts the line ...
Commercial Properties in Helene’s Direct Path Identified by Moody’s
A day before Hurricane Helene was forecast to make landfall on Florida's Gulf Coast, Moody's published an interactive online map revealing 161,849 commercial properties in direct path, valued at over ...
E&S Lines See Growth Driven by Admitted Markets’ Declining Capacity: Triple-I
A surge in double-digit percentage growth in the excess and surplus lines (E&S) market for the last five years, the result of solid underwriting results, continues to drive operating ...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P GMI
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The ...
Filling a Perceived Void, Aon Launches U.S. Severe Convective Storm Model
Just a few weeks after unofficially announcing that a new catastrophe model was in the works, Aon officially announced the launch of a model to analyze U.S. Severe Convective Storms this week. Paul ...
Homeowners Not Satisfied, Just Stuck With Insurers: J.D. Power
Although Chubb, AIG, Amica and Erie outranked peers in the U.S. homeowners insurance market on measures of customer satisfaction, the compiler of satisfaction scores—J.D. Power—believes customers ...
D&O Market in ‘State of Transition’ on Litigation Trends: Woodruff Sawyer
It looks like the market for directors and officers insurance is shifting, according to Woodruff Sawyer, with the number of renewals seeing flat or price increases for the first time in 18 months. ...
U.S. Property Insurance Rates Fall for First Time Since 2017
U.S. property insurance rates are decreasing for the first time in almost seven years, after insurers returned to profitability amid lower losses tied to catastrophes. The average U.S. property ...