Personal Lines
Thieves Hunting for Copper Are Vandalizing American EV Chargers
Rick Wilmer spends most of his work days at the office. But every so often, the chief executive officer of ChargePoint Holdings Inc. will make his way to the company's laboratory in San Jose, ...
Agent Satisfaction With Insurers Holds Strong Despite Market Challenges
Overall agent satisfaction with insurers of both personal lines and commercial lines has held strong despite a challenging underwriting environment, says a new J.D. Power study, with commercial lines ...
AccuWeather Raises Helene Total Damage Estimates by $50B; Insured Loss Estimates Not Ready
While inland flooding complicates the picture of still-to-be-determined insured loss estimates from Hurricane Helene, a weather forecasting firm has already delivered a second estimate of total ...
Personal Auto Insurance Could Be Obsolete in 20 Years: Morningstar
Self-driving cars could make personal auto insurance largely obsolete within 20 years, according to a worst-case scenario modeled by Morningstar. A more likely, moderate scenario forecasts the line ...
State Farm Posts Worst HO Loss Ratio Since 2011; Peers Recover: S&P GMI
State Farm was the only one of 10 major players in the homeowners insurance market reporting a worse second-quarter loss ratio for the line than it did in 2023, according to a new analysis. The ...
Homeowners Not Satisfied, Just Stuck With Insurers: J.D. Power
Although Chubb, AIG, Amica and Erie outranked peers in the U.S. homeowners insurance market on measures of customer satisfaction, the compiler of satisfaction scores—J.D. Power—believes customers ...
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 ...