Personal Lines
Coverage Needed: New Maps Put Hundreds of Thousands in SE Flood Zones
Many more properties, including hundreds of thousands of homes across Florida and other parts of the Southeast, will be required to purchase flood insurance after July 31, due to revisions in federal ...
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an ...
U.S. P/C Insurers Post Best Q1 Underwriting Result in 17 Years
Even though direct loss ratios for commercial auto and other liability lines rose in first-quarter 2024, across all lines U.S. property/casualty insurers posted a net combined ratio of 94—the best ...
Farmers Adjusters Cry Foul Over Workloads, Claims Handling in Letter to Regulators
Farmers Insurance officials said they have spoken with employees after receiving an anonymous letter, apparently from a group of in-house adjusters, accusing the insurer of understaffing and ...
J.D. Power UBI Scores vs. Overall 2024 U.S. Auto Insurance Satisfaction Scores
Anyone comparing results of the J.D. Power 2024 U.S. Auto Insurance Study with prior editions, like the one in 2023, will notice that scores dropped by nearly 200 points—to an average of about 646 ...
GEICO Tops Progressive With Higher J.D. Power Scores
Although Berkshire Hathaway's Warren Buffett and Ajit Jain told investors last month that GEICO is playing catch-up with Progressive to improve technology and connect rate to risk, Berkshire's ...
Why J.D. Power Auto Insurance Satisfaction Scores Are Lower in 2024
Anyone comparing results of the J.D. Power 2024 U.S. Auto Insurance Study with prior editions, like the one in 2023, will notice that scores dropped by nearly 200 points—to an average of about 646 ...
Florida Citizens Board Votes to Raise Rates 14%, But Litigation Costs Dropping
The board of governors for Florida's state-created Citizens Property Insurance Corp. voted unanimously Wednesday to raise personal lines rates by an average of 14 percent statewide – near the ...