Personal Lines
Swiss Re: Emerging Markets Drove 2013 Non-Life Premium Growth
While global non-life insurance premiums increased in 2013, their growth rate dipped compared to the previous year. The slowdown could have become even worse, but robust coverage demands in most ...
Prescription Drugs Surpass Cannabis in Fatal Crashes
Since 1993, the profile of a drugged driver has changed substantially. A study released Monday in Public Health Reports shows that more drivers are now testing positive for prescription drugs, ...
Nationwide to Lawmakers: Incentive Needed for Resilient Home Standards
On Monday, Nationwide Insurance called on the federal government and state legislatures to introduce and pass legislation that will provide incentives for consumers, homebuilders and contractors to ...
70% of Citizens Personal Policyholders Could See Rates Fall
With an average dip of 3.2 percent for homeowners policies, nearly seven in 10 Citizens Property Insurance Corporation personal lines policyholders could see rate reductions in 2015, the insurer said ...
S&P Moves Berkshire Hathaway ‘AA’ Rating to Stable Outlook
Warren Buffett's Berkshire Hathaway Inc. had its credit outlook raised to stable from negative at Standard & Poor's as the company's capital position strengthened. The "AA" rating was affirmed. ...
Allstate Estimates More Than $700M in Cat Losses for 2Q So Far
The Allstate Corporation announced $440 million of estimated pre-tax catastrophe losses for the month of May 2014 last week (or $286 million after taxes). The Northbrook, Ill.-based company said 11 ...
Florida Private Flood Bill Now Law But Market May Take a While to Develop
Florida Gov. Rick Scott has signed legislation designed to encourage private insurers to offer flood insurance, but the industry is tamping down expectations that it will result in a viable market in ...
Top 10 States for Lightning Claims in 2013: I.I.I., State Farm Analysis
According to the Insurance Information Institute, Georgia was the top state for lightning claims in 2013. The state had an estimated 11,184 claims paid to policyholders, totaling $56 million. Texas, ...