Personal Lines
S&P Puts State Farm General Ratings on CreditWatch
Potential downgrades of State Farm's California homeowners insurer came closer to reality when S&P Global Ratings put the "AA" financial strength and issuer credit ratings of State Farm General ...
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. ...
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 ...
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 ...
Startup E&S Broker’s Goal: Say Yes to Almost Anyone for Wildfire Cover
Stand Insurance's goal is to say yes to almost anyone. In January, about a month after the surplus-lines broker launched, Dan Preston, Stand's co-founder and CEO, told Carrier Management that the ...
Not So Fast: State Farm Didn’t Prove Its Case for Rate Hike, CDI Says
California Insurance Commissioner Ricardo Lara did not approve an emergency, interim 22 percent rate request from State Farm, instead calling a meeting with the carrier to get some answers about the ...