Personal Lines
State Farm: Catalytic Converter Thefts Drop
Auto claims data revealed a substantial drop in catalytic converter theft claims for the first half of this year compared to last year, according to analysis by State Farm. The most recent data for ...
Progressive in a Better Place With Reserve Boosts Done, CEO Says
Shoring up loss reserves and adding "the premium equivalent" of a top 8 personal auto insurer to its books has put Progressive in a better place now than it was at the end of the second quarter. The ...
Auto Insurers’ Claims Satisfaction Scores Up Despite Long Repair Times; Amica Tops List
An auto parts shortage combined with longer cycle times for repairs has contributed to repairs taking an average of 23.1 days in 2023, up 6.2 days from 2022 and more than double the average repair ...
Stricter Building Codes=10X Reduction in So. Florida Home Hurricane Damage
Increasing climate risks, such as hurricanes and floods associated with rising sea levels, would seem to naturally drive down interest in coastal living, but new analysis from Moody's RMS indicates ...
Fla. Insurers Imposing New Limits on Amounts Spent to Match Appearance; Kentucky Clarifies Law
Matching requirements for roofs and interior furnishings have been a tough issue in the property insurance industry for years. Recent developments show how insurers and regulators in different ...
Piercing Through Rain, Smoke and Fog: How Radar Satellites See Catastrophes
The integration of new technologies into the claims ecosystem is gathering pace as insurance and reinsurance organizations seek to enhance both the speed and accuracy of payments. One example is the ...
CSE ‘Runoff’ Prompts Downgrade, Withdrawal of AM Best Ratings
AM Best announced that is has downgraded and withdrawn the financial strength ratings of CSE Insurance Group's Civil Service Employees Insurance Company and CSE Safeguard Insurance Company, ...
GEICO Lays Off 6% of Workforce; Will Require More In-Office Time
In a letter to employees, GEICO president and chief executive officer Todd Combs said the Berkshire Hathaway company is laying off 2,000 associates, or about 6 percent of the workforce. "This will ...