Personal Lines
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 ...
Personal Lines Turnaround Fuels U.S. P/C Industry Underwriting Gain
A turnaround in the personal lines insurance segment results was a key driver of an overall $3.8 billion profit from underwriting for the U.S. property/casualty insurance industry, according to a new ...
Prospect of Hurricane Seasonal Forecast-Miss Rising: Moody’s
Robert Muir-Wood, chief research officer of Moody's, has attended the Rendez-Vous de Septembre many times over the course of a more than 25-year career in catastrophe modeling. But he's hard-pressed ...
Main Street America Insurance Exits Personal Lines
Main Street America Insurance said Thursday it will stop offering personal lines insurance in favor of a commercial lines strategy. The Jacksonville, Fla.-based insurer founded about 100 years ago in ...
Allstate Approved to Raise Home Insurance Rates by 34% in Wildfire-Prone California
Allstate Corp. is set to increase home insurance rates for California customers by an average of 34.1 percent, marking the biggest jump in premiums for a major insurer in three years as the state ...
U.S. Drivers Spent a Work-Week Sitting in Traffic Last Year: Research
New York City, where drivers lost 101 hours to traffic congestion last year, topped INRIX's 2023 Global Traffic Scorecard, the transportation data and analytics reported recently. The firm's report ...
Americans Shop Around for Insurance More Than Ever as Costs Soar
Americans are seeking to change their insurance coverage more frequently than in the past, after a surge in premiums that's squeezed household budgets, a new industry report shows. For car insurance, ...
Extreme Rain Is a Growing Climate Threat to the Northeastern U.S.
As high temperatures break records around the US and wildfires rip through the West, another climate-driven weather hazard—extreme rainfall—is pummeling the country's Northeast and scientists say ...