Personal Lines
What Consumers Think—and Who’s Shopping for Insurance
Tariffs. Economic volatility. Technology trends. Changing insurance market conditions. These are all having an impact on property/casualty insurers. But how are they impacting consumers? More ...
Too Late? S&P Downgrades State Farm General (Updated)
Standard & Poor's Global Ratings announced a two-notch downgrade of State Farm General on May 13—on the same day that California's regulator approved an interim emergency homeowners rate ...
State Farm’s Emergency Homeowners Rate Hike Gets OK in California
State Farm General can move ahead with a proposal to raise California homeowners rates on an emergency interim basis, following years of financial stresses that depleted its surplus and billions of ...
2024 P/C Insurance Combined Ratio: Best in More Than a Decade
With combined ratios for personal and commercial lines landing only 0.4 points apart last year, the property/casualty insurance industry's aggregate 2024 combined ratio was 96.5—marking the lowest ...
Few Options for Texas Lawmakers to Lower Homeowners Insurance Costs
Texas lawmakers hope to rein in homeowners' rising insurance bills even as they acknowledge there's only so much they can do to tackle costs. Legislators have advanced bills to limit how much ...
JD Power: Drivers Keep Shopping Even as Auto Insurance Price Increases Slow
Even as auto insurance rates level out, drivers are still looking for a better deal. The rate of U.S. auto insurance premium price increases slowed to less than 2% at the end of 2024, down from 13% ...
Staff Cuts Help Fuel GEICO Profit; Not ‘Pouring Money’ Into AI: Jain
He's not yet ready to declare "mission accomplished," but Ajit Jain, vice chair of Berkshire Hathaway's insurance operations, said the conglomerate's personal auto insurer, GEICO, is no longer ...
Berkshire’s Abel: Utility Ops Rethink Wildfire Approach Amid Litigation
Berkshire Hathaway Vice Chairman Greg Abel said on Saturday that "keeping the lights on" is no longer a priority for the conglomerate's utilities when the threat of wildfires becomes excessive. Abel ...