Personal Lines
Allstate’s Plan to Return to Profit in Auto
Following a year of turbulence in its auto insurance business, Allstate Corp. outlined what CEO Tom Wilson called the company's No. 1 priority: improve margins. Allstate ended 2022 with an ...
Insurance Groundhogs Have Their Day: Some Primary Prices Need to Go Higher
Sure, it's nice to know whether Spring is around the corner or more than a month away, but what about insurance market conditions? How long will a hard market last in many lines? Are insurance prices ...
Insurers Leery of Hyundais and Kias Famous on Social Media for Being Easy to Steal
Social media influencers and an insurance industry think tank are giving Hyundai and Kia vehicles the worst kind of publicity: Many of the cars the company sold are easy to steal. In the past week, ...
Slide Will Assume 91,000 Policies and Premium in United P&C Runoff in Florida
One year after Slide Insurance made waves by taking over thousands of policies from a troubled Florida carrier, the young company has done it again. The Florida Office of Insurance Regulation on ...
Climate Is Forcing the Most Risk-Aware Industry to Reinvent Itself
When it comes to climate impacts, the front line of the finance industry is insurance. Last year's payout from damages caused by extreme weather events totaled $120 billion—about the same as the ...
Tesla, Insurers Address Expensive Repairs in Sharply Different Ways
Tesla Inc.'s electric vehicles are expensive to repair — so much so that the automaker and insurers are addressing the issue in sharply different ways. Chief Executive Elon Musk says Tesla is ...
Progressive Puts Targeted 96 Combined Ratio in the Books for 2022
In a report on financial results for the month of December, which was published on Tuesday, Progressive revealed that the company met its frequently stated goal of posting a 96 combined ratio again ...
Tesla Competing With ‘GEICOs of the World’ to Lower Insurance Prices
While executives of Tesla said the car maker's insurance business isn't yet big enough to warrant separate financial disclosure of its results, Chief Executive Officer Elon Musk reiterated a benefit ...