Personal Lines
Rebuilding the California Property Market: Reinsurance Costs and Recent Reforms
In November of last year, Allstate paused writing new homeowners policies in California. State Farm, the state's largest homeowners writer, stopped accepting new applications for insurance back in ...
Improved Auto Insurance Results Coming—But Not Soon Enough: S&P GMI
Strong rate hikes fueling nearly a 16 percent in direct written premiums for U.S. private passenger auto insurers will bring the industry combined ratio down from a "worst-in-decades" result for ...
‘Strong’ Commercial Hikes to Continue; Cats, Asbestos Dent Travelers Earnings
Commercial insurance was a bright spot on the third-quarter earnings picture for The Travelers Companies, with strong pricing fueling a record top line and a "best-ever" underlying combined ratio in ...
‘Risky in California’ Spurs Push for Home Insurance Overhaul
California is prioritizing home insurance availability as it rewrites market rules to coax back insurers and ease a coverage crunch in a state ravaged by wildfires, said Insurance Commissioner ...
N.J. High Court to Hear E-Scooter Rider’s Bid for No-Fault Auto Benefits
David Goyco says he was like a bicyclist when he was injured while riding his low-speed electric scooter and hit by a car. Thus, he contends, he is entitled to personal injury protection (PIP) ...
Progressive’s Earning Snapshot Shows Carrier Near Underwriting Profit Goal
Progressive's combined ratio for the first nine months of 2023 was 97.2, just over a point higher than the company's target of 96 and also above a 96.5 result the carrier posted for the same period ...
Down, Down, Down….AM Best P/C Downgrades Outpacing Upgrades
The number of rated property/casualty personal lines insurers that had their credit ratings downgraded by AM Best more than doubled to 21 in the first-half of 2023, compared to 10 in first-half 2022. ...
Most Homeowners Face Barriers to Boost Resiliency: APCIA Survey
As personal property owners face issues related to rising frequency and severity of natural catastrophes, a survey has found many do not have money or know where to start in order to mitigate ...