Personal Lines
Senate Leaders Look to Quickly Pass U.S. House Flood-Insurance Measure
Senate leaders are seeking agreement to quickly pass a House flood-insurance bill to avert steep premium increases for property owners in coastal states such as Florida, Louisiana and New Jersey, ...
From the Front Lines to the C-Suite: Farmers’ David Travers
When he was taking policyholder phone calls as a customer representative for a direct writing carrier 26 years ago, David Travers did not have designs on a position in the C-suite of an agency ...
Fitch Sees Rise in Demand for Private Flood Insurance
As federal subsidies for flood insurance are reduced and the cost of government provided insurance goes up, the demand for private flood coverage could also rise, according to Fitch Ratings. However, ...
Fitch Expects No Rating Impact of Winter Losses
Severe winter weather is causing large losses for property/casualty insurance companies in early 2014, however there should be no rating impact as a result, according to Fitch Ratings. The severe ...
State Farm Reports Underwriting Profit for 2013
Even though State Farm's auto businesses suffered a loss in 2013, the property/casualty companies reported a $230 million underwriting gain, State Farm reported on Friday. The $230 million gain of ...
Judge OKs JPMorgan $300M Settlement Over Force-Placed Insurance
A U.S. judge has approved a settlement of a class-action lawsuit against JPMorgan Chase for its force-placed insurance practices, an agreement that could pay more than $300 million to about 750,000 ...
CEO Viewpoint: Winning the War for Talent to Harness the Full Power of Predictive Analytics
The reputation of the insurance industry has long been that it follows behind other industries in the use and implementation of technology. Across numerous other industries, big data and analytics ...
Can We Fix Earthquake Insurance in California?
Twenty years ago, on Jan. 17, 1994, a previously unknown fault ruptured nine miles beneath Northridge in the San Fernando Valley. With a magnitude of 6.7 and an epicenter just 20 miles northwest of ...