Personal Lines
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 ...
Insured Losses For Calif. Floods $3.5-$6.5B Below Total Loss: RMS
Moody's RMS estimates total economic losses from the recent California flooding at between $5 billion and $7 billion, and insured losses are anticipated to be between $500,000 and $1.5 billion, ...
Auto Insurance Shopping – and Switching – Increases
Drivers are not only shopping around for auto insurance more than ever, they are switching carriers. According to a quarterly report from J.D. Power, in collaboration with TransUnion, the quote rate ...
Conning: Embedded Insurance Market Could Exceed $70B in Premium by 2030
Embedded insurance – a concept in which insurance is wrapped into the purchase of a product at the point of sale - could exceed $70 billion in premium by 2030, according a new report by Conning. ...