Personal Lines
Potential Tariff Auto Severity Impact on Travelers: Single-Digits or Less
Wildfire losses obscured what executives of Travelers described as outstanding underlying results for the insurer's first quarter—and looking ahead, the company is well-positioned to face the ...
Is State Farm General Too Big to Fail? Calif. Rate Hearing Concludes
"Too big to fail"—a phrase associated with interconnected publicly traded financial services companies in the wake of the 2008 financial crisis—was revived in a new context last week. During a ...
Is State Farm General a Sinking Ship? California Emergency Rate Request Dropped to 17%
Lawyers for State Farm General, the California Department of Insurance and Consumer Watchdog presented opening arguments in a hearing to determine the fate of State Farm's request for an emergency ...
$1 Trillion! 2024 P/C Industry Direct Premiums At Record Level
An industrywide direct written premium total of $1.05 trillion in 2024 marked the first time in the history of the industry that U.S. property/casualty insurer premiums eclipsed $1 trillion, ...
Root, Hyundai Capital America Strike Embedded Insurance Deal
Root, Inc., the parent of Root Insurance Company, and Hyundai Capital America announced a strategic embedded insurance partnership this week. The two companies said they will deliver innovative ...
Trump’s Auto Tariffs to Cover Hundreds of Billions of Dollars of Vehicle, Parts Imports
U.S. President Donald Trump's 25 percent auto tariffs will cover hundreds of billions of dollars worth of imports of vehicles and auto parts imports annually, according to a Reuters analysis of ...
IRC Finds Personal Auto Insurance Affordability Better Than in the 2000s
According to a new report from the Insurance Research Council, auto insurance is more affordable now than at the start of the 21st century. The IRC, an affiliate of The Institutes, concluded that the ...
Revisiting California’s Wildfires: A Personal Journey
PART TWO OF A TWO-PART SERIES I had been determined not to visit the scene of such grief and despair out of respect for others' privacy. But after writing about our four-day mandatory evacuation and ...