Personal Lines
On the Road: Are America’s Guardrails Dangerous?
Before dawn on Feb. 23, Darius Williams ran his Nissan Sentra off a North Carolina interstate at 80 miles per hour. A length of guardrail pierced his door, according to the police report, driving the ...
Florida Judge Approves Deal for Heritage to Assume Sunshine State Policies
A Florida judge has signed off on a plan by regulators to allow a failed Florida property insurer's policyholders to be assumed by another company, although policyholders will retain the option to ...
USAA Building Service Center in Tampa with State, County Help
Insurance and financial service giant USAA has broken ground on a 420,000 square-foot Tampa headquarters for its client services employees that officials say will bring 1,200 new jobs to the area. ...
California Regulators Want Insurers to Speed Up Ridesharing Policies
The California Public Utilities Commission wants the insurance industry to get off its duff and start creating some products to offer ridesharing drivers. A proposal issued by CPUC on Tuesday further ...
Heritage Announces Deal for 35,000 Policies of Insolvent Fla. Insurer
Clearwater, Fla.-based Heritage Insurance Holdings, Inc. announced Wednesday that it reached an agreement to offer coverage for the 35,000 policies of Sunshine State Property & Casualty Insurance ...
Industry Loss Reserve Redundancy Disappearing: Aon Benfield Analysis
According to an analysis published by Aon Benfield, loss reserves held by U.S. property/casualty insurers for commercial lines are deficient by $2.8 billion, with workers compensation coming in ...
The Worst Hurricanes Won’t Start Striking Until September, SNL Warns
As far as hurricane season goes, the worst is yet to come, SNL Financial concluded in a recent report. Simply put, while the season officially began on June 1, the worst hurricanes often don't make ...
P/C Carriers Could Counter Hailstorms With More Reinsurance: RMS
Now that hailstorms are no longer "attritional perils" and are much more widespread than they used to be, property/casualty insurers could benefit from adding reinsurance for these threats, an RMS ...