Personal Lines
Allstate Tops Profit Estimates on Higher Premiums, Investment Returns
Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns.
Insurers usually see stable product demand ...
Personal Auto Insurance Competition Heating Up, Root Execs Say
Personal lines InsurTech Root reported its first-ever quarter of operating profit and first-ever gross combined ratio below 100 for first-quarter 2024 while more than doubling gross written premiums ...
Growing Progressive Set to Hire 10,000+ in Claims, IT, Other Roles
Progressive Insurance isn't just growing the number of policies it writes but aims to hire thousands to support several years of year-over-year growth, according to a media statement published in ...
GM Ends OnStar Driver Safety Program After Privacy Complaints
General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data as ...
Allstate Will Insure California Homes Again, Under One Condition
Allstate Corp. will end its years-long pause on underwriting in California as soon as the state regulator adopts proposed regulatory changes to make it easier for insurers to raise rates, according ...
GM Ends OnStar Driver Safety Program After Privacy Complaints
General Motors Co. has ended its OnStar Smart Driver program after customers complained it violated their privacy. OnStar had cut deals with LexisNexis and Verisk to share personal driving data as ...
Chubb Gets Its Paws on Pet Insurance MGA
Chubb announced a definitive agreement to acquire Healthy Paws, a U.S.-based managing general agent (MGA) specializing in pet insurance, from Aon plc. Financial terms of the deal, which is expected ...
Going, Going, Gone: ‘Disruption’ to Shrink Traditional Premiums for Auto
Before the end of the current decade, the personal auto industry is likely to see a peak—and then a subsequent lasting decline—in premiums for conventional auto coverage, consultants from ...