Personal Lines
Regulatory Weaknesses, Politics Driving California Exits, Industry CEOs Say
A trio of property/casualty carrier executives voluntarily offered their views on a growing insurance availability crisis in the state of California at an industry conference in late June, pointing ...
Mass. Judge Denies Class Action Certification of Diminished Value Claims
A judge in Massachusetts has denied class certifications for claimants seeking payments from two insurers for the lost resale value of their motor vehicles that were damaged in accidents and then ...
U.S. Auto Safety Regulators Open Probe Into Ford Explorer Recalls
U.S. auto safety regulators said on Saturday they are investigating Ford Motor's prior recalls of 710,000 Explorer SUVs over power loss reports to determine if the fix is adequate. The National ...
Report: Drop in Auto Premiums, Rise in Motorists Deaths Linked to Reduced Traffic Enforcement
Several new driving trends have been recorded since the onset of the pandemic, according to a new report released by TransUnion. While traffic violations have declined nationally by 13 percent, the ...
Farmers Halts Homeowners Policies in Florida
Farmers Insurance confirmed it has halted sales of new homeowners policies in Florida just as the new hurricane season is getting underway. The insurer cited rising costs as the reason. "With ...
How Lawyers Sank Florida Carriers — and Target ‘Travellers’ With SEO
A troubling phone exchange reveals a problem for insurance carriers that started in Florida and is expanding beyond the state's borders, according to an actuary who recalled the dialogue at a recent ...
Nationwide Taking Actions to Limit Risk in Personal, Commercial Books
Add Nationwide to a growing list of insurers making changes to deal with losses in some areas of the country. In a June 12 "business actions update" Nationwide announced moves "to mitigate risk and ...
Climate Change and Homeowners Insurance Are on a Collision Course
A summer that already has seen water crises and wildfire smoke is rapidly becoming an inflection point in the pitched battle between climate change and the price of homeowners insurance in the ...