Personal Lines
1,000-Year Texas Flood Damage Estimated at $1.1B; Little Insured: Cotality
Cotality, a property data and analytics company, estimates that Central Texas flash floods over the July 4 weekend, which claimed the lives of more than 120 people, also caused $1.1 billion in damage ...
Why Progressive’s Customer Scores Lag State Farm, GEICO: J.D. Power
When it comes to personal auto insurance, Progressive has been outpacing GEICO and State Farm in terms of growth and posting better loss ratios for years. But customer satisfaction scores are another ...
Geography and Driving Behavior Contribute to High Flood Death Rates in Texas
Even before the Central Texas floods that killed more than 100 people, the state was by far the leader in U.S. flood deaths due partly to geography that can funnel rainwater into deadly deluges, ...
NY’s Hurricane Insured Loss Potential Up More Than 60% as Climate Changes
Insurance industry scientists put the spotlight on Northern U.S. cities in a new research paper about hurricane potential under a warmer climate scenario, finding that New York's insured losses could ...
State Farm Implements 27% Rate Increase for Illinois Homeowners
State Farm is implementing a significant rate hike for Illinois homeowners, citing more frequent severe weather events and rising home replacement costs that are driving up the cost and frequency of ...
Alphabet’s Waymo Picks up Speed as Tesla Robotaxi Service Expands
Alphabet's Waymo robotaxis have driven more than 100 million miles without a human behind the wheel, doubling the mileage in about six months, a top company official said, as it speeds up deployment ...
Complex Mix of Nat Cat Exposures Drive Rising Insurance Costs in Texas: Triple-I
In the aftermath of devastating flooding in Texas Hill Country earlier this month, the Insurance Information Institute (Triple-I) published an analysis of the property/casualty insurance landscape in ...
Officials Estimate 200+ Homes Damaged in Deadly New Mexico Flood
At least 200 homes were damaged during a deadly flash flood in the mountain village of Ruidoso, and local emergency managers warned Wednesday that number could more than double as teams survey more ...