Personal Lines
The Latest Hurricane Milton Insured Loss Estimates: $17B-$50B
Catastrophe risk modelers delivered a wide range of estimates of insured losses from Hurricane Milton this weekâranging from a low of $17 billion to a high of $50 billion. Estimates as of Oct. 17 ...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M For Helene
Allstate Corp. doesn't announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In keeping with its initiative to announce monthly ...
An Estimated 138,000 Cars Were Flood-Damaged by Hurricane Helene
Hurricane Helene left as many as 138,000 vehicles flood damaged after it tore through at least six states, according to the latest CARFAX estimate. Floodwaters swamped communities in Florida, ...
The Data Behind Rising Homeowners Premiums: By Peril and By State
The U.S. home insurance industry has experienced an upward trend in all-peril loss costs over the past seven years, according to a new report released by LexisNexis Risk Solutions. The ninth annual ...
Progressive Retaining Helene, Milton Property Losses Net; Auto Over $0.7B
Progressive disclosed property and vehicle insurance loss estimates for Hurricanes Helene and Milton in conjunction with the carrier's report of third-quarter earnings yesterday, indicating it won't ...
Why Homeowners Insurers Are Losing Money: Roofs Matter, Not Just Rates
Rate hikes haven't been enough to bring profits to U.S. homeowners insurers, according to a new analysis from Aon, which finds that returns-on-equity for a group of homeowners insurers studied are ...
Louisiana Least Affordable for Personal Auto Insurance: Study
Resulting from a combination of economic conditions, claims behavior and the state's litigation environment, Louisiana is the least affordable state in the nation for personal auto insurance, ...
Tornadoes Caused Damage Far From Hurricane Milton Landfall
Tony Brazzale, a diving boat captain who has lived for 10 years in his Wellington home in southeastern Florida, wasn't worried about Hurricane Milton. The storm's center was forecast to make landfall ...