Personal Lines
Too Much Profit? Progressive’s Florida Results Generate Nearly $1B Q3 Charge
Progressive posted $2.6 billion in third-quarter net income last week in spite of taking a nearly $1 billion charge to account for excess profits the carrier will have to return to Florida auto ...
New California Law Aims to Stabilize Insurance for Those Unable to Get Private Coverage
California Gov. Gavin Newsom signed a bipartisan bill that aims to prevent the state's home insurer of last resort from running out of money following a natural disaster. The FAIR Plan is an ...
Illinois Sues State Farm for Refusal to Release Homeowners Insurance Data
The State of Illinois is suing State Farm for refusing to provide nationwide homeowners insurance data at the request of the Illinois Department of Insurance (IDOI). Attorney General Kwame Raoul ...
Analysis: State Farm Bolsters Surplus by Freeing Up Billions in Loss Reserves
Despite devastating California fires causing upward of $40 billion in losses for U.S. property/casualty insurers, the industry still managed an underwriting profit of $11.6 billion in the first half ...
Executive Viewpoint: Reimagining Personal Lines Risk – Now and for the Future
For decades, personal lines insurance has taken a repair-and-replace approach to our business. As president of Nationwide's Personal Lines, I've seen the impact this approach has on our customers and ...
La Niña’s Back, but Will It Amp Up Hurricane Season?
La Nina, the cooler and at times costlier flip side of El Nino, has arrived to warp weather worldwide, meteorologists said Thursday. This natural weather phenomenon often turbocharges the Atlantic ...
Florida’s Citizens Is Deferring Flood Coverage Proof While NFIP Is Shut Down
Florida's Citizens Property Insurance Corp. is deferring the required proof of flood insurance while the federal government shutdown continues and the National Flood Insurance Program is in limbo. ...
IBHS Study Shows Smaller Hail May Be More Damaging to Roofs Than Once Believed
A study by the Insurance Institute for Business and Home Safety (IBHS) found roof damage from smaller hailstones may be much more significant than previously believed. It's a finding that one ...